WATI editor
May 22, 2024
Tokyo is launching a support program to encourage foreign companies with advanced technologies in the Green Transformation (GX) sector to establish and expand their presence in the city.
This initiative aims to foster innovation, expand markets, and accelerate the transition to a decarbonized and sustainable society through collaboration with local companies.
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Target Companies
Foreign companies with high technological capabilities in GX-related fields that plan to establish a new base and start operations in FY 2024.
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Key Dates (Japan time)
1)July 12, 2024: Application deadline.
2)September 2024: Selection of support companies (up to seven companies, reviewed by experts).
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Support Details
Selected companies will receive financial support for up to four years within the budget limits.
Year 1: 100% of eligible expenses, up to ¥50 million.
Year 2: Up to two-thirds of eligible expenses, up to ¥34 million.
Year 3: Up to half of eligible expenses, up to ¥25 million.
Year 4: Up to one-third of eligible expenses, up to ¥16 million.
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Support Programs
Selected companies will also benefit from public relations activities, consulting services, and business matching to help establish their bases and expand their businesses.
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Additional Information
Tokyo provides various supports to encourage foreign companies to expand into Tokyo. For more details, please visit the official website:Â https://www.investtokyo.metro.tokyo.lg.jp/en/oursupports/gx-subsidy.html