Code Republic Tokyo

Code Republic launches, aims to be the YC of Japan

Yahoo Japan and East Ventures – a prestigious Asian VC firm – are teaming up to create the Y Combinator of Japan. The new accelerator, Code Republic, will be led by Ryu Hirayama, managing director of YJ Capital, and Batara Eto, co-founder of East Ventures.1

The structure of the three month program is very much in-line with that of YC. YJ Capital Inc. and East Ventures KK will provide an, “investment of 7 million yen [just under $63,000 USD] for issuance of common stock of 7%.”2 Further, participating startups are required to have at least one engineer on the team. Applying startups are not required to be incorporated upon acceptance, but must do so before demo day.

According to Tech in Asia, the benefits of the program go well beyond the normal investment and mentorship. Rather, the profile of the two firms involved – YJ and East Ventures – provides a springboard to the entire SE Asia region:

East Ventures is one of the most prolific investors in Southeast Asia and counts Tokopedia, Redmart, Traveloka, and 99.co among its portfolio companies. And Tech in Asia. The Japanese market is large and pays well, but few investors can provide meaningful support for startups looking to expand internationally.3

Though it is too early to say that Code Republic will indeed be the YC of Japan, it seems that they have the foundation to become just that.

For more info, and to apply for the program – you don’t need to be based in Japan to apply – head over to CodeRepublic.jp/en.

  1. David Corbin, Tech In Asia, “Yahoo Japan and East Ventures want Code Republic to be the Y Combinator of Japan,” 25 April 2016  
  2. Code Republic, “Requirements”  
  3. David Corbin, Tech In Asia, “Yahoo Japan and East Ventures want Code Republic to be the Y Combinator of Japan,” 25 April 2016