#Japan #Tokyo #startups #energy resilience #SusHi Tech

Introduction

In response to the ongoing geopolitical uncertainty in the Middle East, the importance of transitioning to a society less dependent on oil has become increasingly evident. Recognizing this urgent need, a new initiative named the "Resource and Energy Resilience Strengthening Program" has been launched by the Tokyo Metropolitan Government, aimed at accelerating the transformation of our energy structure. This program harnesses the innovative technologies developed by startups to promote resource conservation, energy efficiency, and resource recycling.

Overview of the Program

The program seeks to identify and support projects from the selected "SusHi Tech Global Startups" that aspire to drive significant changes in the energy and resource sectors. By providing tailored support and up to 200 million yen in funding for projects lasting a maximum of 18 months, the initiative will help implement new technologies into society, ultimately facilitating the construction of a sustainable urban environment.

Selection Criteria

The projects selected must meet several criteria:
1. They should significantly contribute to the structural transformation of resources and energy through the implementation of new technologies.
2. The initiatives must generate substantial economic and social impacts.
3. They should represent bold challenges effectively utilizing the funding provided by the program.

Support Details

The program will offer several types of assistance to facilitate the financial and practical needs of selected startups, including:
1. Funding Support: Each selected project can receive up to 200 million yen.
2. Custom Support Services: Tailored support will be provided through partnerships aligned with the needs of the startups. This includes:
- Research and sharing of market information for domestic and international expansion.
- Strategic support for business development and validation of new technologies.
- Guidance on social implementation and scaling up, addressing areas such as intellectual property and compliance with international regulations.

Announced Projects

Five projects have been selected for this program, with the following companies making their mark in the field:

• - SUN METALON, Inc.
• - TBM, Inc.
• - Fermelanta, Inc.
• - Helical Fusion, Inc.
• - Rhinoflax, Inc.

These companies will play a crucial role in pioneering solutions that promote sustainability and resilience in resource and energy usage.

About SusHi Tech Global

The SusHi Tech Global initiative focuses on fostering promising startups with exceptional technologies. It provides support for global growth through diverse partnerships addressing challenges in human resources, systems, and business strategies. Among the offerings are the "Growth Acceleration Program," which provides funding support and accompanying assistance, and the newly established "Resource and Energy Resilience Strengthening Program," both aiming to facilitate the transition towards a non-oil-dependent society. Following the completion of these programs, there will also be a selection of standout startups for the "Global x Scale-Up Program," offering funding up to 1 billion yen for those poised for significant growth.

This initiative aligns with the "Tokyo 2050 Strategy," which emphasizes the nurturing of startups capable of thriving on a global scale.