The number of Japanese spinouts rose 13% to 2,093 during the 2017 fiscal year, with biotech, healthcare and medical technology businesses representing 659, or 31%, of the total, Nikkei Asian Review reported on Friday.

IT took the single next largest share with 614, or 29.3%, of the tally, according to a government-commissioned survey.

The report suggests University of Tokyo has now yielded a total of 245 spinouts, the most of any institution, followed by Kyoto University with 140 and University…