Government Grant Opportunities For Companies in Japan and How To Increase Application Success Rates
In today’s article we’ll discuss government grants in Japan and one of the key steps that can be taken to increase chances of approval.
Foreigner-owned companies that apply are considered on the same standard criteria for government grants, making them stand out as one of the more readily accessible types of funding opportunities for foreigners in Japan! (In comparison, other options such as venture capital are incredibly strict with foreigner-owned projects, and angel investors are rare in Japan)
- The Availability of Government Grants For Businesses In Japan
- A Brief Overview Of Application Eligibility
- A Vital Step In Increasing Grant Success Rates: The “Management of Innovation Plan”
- Additional Information Regarding Grants To Come
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The Availability of Government Grants For Businesses In Japan
The Japanese government has set aside designated amounts of grant funding to be used towards supporting companies and startups that are either creating physical products or offering services that bring innovative contributions to society.
Eligible businesses may apply, and through achieving a satisfactory assessment by meeting various conditions and requirements may become eligible to receive access to grants to use for funding.
The Department for Innovative Services alone been allotted a budget of 20 million yen for the 2018 period, so the amount of resources available is quite significant.
Grant Application for Physical Products (In Japanese):
http://www.chusho.meti.go.jp/keiei/sapoin/2018/180228mono.htm
Grant Application for Services (In Japanese):
http://www.tokyo-kosha.or.jp/support/service/kakushin.html
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A Brief Overview Of Application Eligibility
Applying companies must be a registered business in Japan. Eligibility is determined by several factors including company employee number and amount of capital—major corporations do not qualify for grants but the vast majority of small-to-mid sized businesses (including startups) are generally accepted.
It is worth noting that companies producing web-based apps are considered to fall in the “Services” category and thus also may qualify.