So that the people who take the risk can spend their time on their strengths.

I joined Mitsui & Co. out of university and worked in its ICT business unit, managing investments in North American and Japanese startups and launching new businesses built on Mitsui's own assets. For the latter I was seconded to Moon Creative Lab, Mitsui's venture studio, as an entrepreneur in residence, working alongside consultancies such as IDEO on design-thinking-led venture building.

What struck me there was how much of a venture lead's time goes to everything except the venture. Core members with only business-development backgrounds hunting through their own networks for engineers and designers to build a team. A continuation review every three to six months, and the scramble before each one to show visible progress and prepare the review deck. People who wanted to move a business forward, consumed by preparing to be allowed to continue. I later saw the same picture at an early-stage IT startup and in small-business consulting in Hokkaido.

I moved to Okinawa, my wife's home, and by chance started helping a foreign founder based at the OIST incubator. He had world-class research and was stuck in front of a loan application and a set of accounting and labor procedures that only exist in Japanese. He was not the only one; several founders in the same building were in the same position. This place needed a company that could take that work on in English. HAKKI began in June 2023.

Whether you are a founder or someone handed a new venture inside a large company, if you are taking the risk of building something new, your time should go to your strengths. We want to put the right capability in a venture lead's hands at the moment it is needed, and to take on the operational work that makes that possible. Our first engagement was one person, me, joining a new business at Brother Industries as its sales manager. Since then, each capability HAKKI has added there came out of a discussion with the venture lead about what the business needed next. Today we are four staff and ten professional members, working with corporate ventures and research-driven startups.

Okinawa has a way of backing people who try. In ten years I want it to be a place where people say: if you are going to start a company, do it in Okinawa. We will keep building the back end of the companies that set out from here for the world.

Hiroyuki Saito
Representative Director and CEO, HAKKI Inc.

Profile

Born in Hokkaido. Joined Mitsui & Co. out of university; in its ICT business unit managed startup investments in North America and Japan and launched new businesses, including a secondment to Moon Creative Lab as entrepreneur in residence working with IDEO and others. Later an early-stage IT startup and small-business consulting in Hokkaido, before moving to Okinawa, his wife's home. Founded HAKKI in June 2023 after supporting foreign founders at the OIST Innovation Incubator.