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New Funding Program for Small Businesses in Tokyo

Starting from February 23, 2023, small businesses in Tokyo can apply for the 'Challenge for Tomorrow Grant,' which offers substantial financial support of up to 20 million yen. This grant is designed to enhance the capabilities and value of services and technologies offered by small to medium enterprises operating in the region.

Application Period

The application period for this funding program runs from April 1, 2023, to April 8, 2023. This initiative allows participants to secure significant funding to drive innovation and improvements in their operations.

Who is Eligible?

Eligible applicants include:
1. Small Enterprises: Both companies and sole proprietors with a business office in Tokyo, operating continuously for the last two years as of April 1, 2023.
2. Small Business Associations: Groups with their main office in Tokyo, also in operation for the past two years.
3. Small Business Groups: Composed of the aforementioned eligible small enterprises.

Grant Details

The funding is categorized into two segments:
1. Small Scale Enterprises: Maximum funding of 10 million yen, covering up to two-thirds of eligible expenses.
2. General Category: Maximum funding of 20 million yen, similarly covering up to two-thirds of eligible expenses.

Eligible Expenses Include:

• - Raw materials and secondary materials
• - Equipment and tools
• - External consulting and contract processing costs
• - Cost for intellectual property applications
• - Technical guidance fees
• - Exhibition and advertising costs

Expected Projects for Funding

Qualifying projects that can receive funding under this grant may include:

• - Efforts to enhance processing technology for thinner and smaller products.
• - Improvements to production lines aimed at shortening delivery times and reducing costs.
• - Development of systems for visualizing orders to enhance customer service.
• - Initiatives aimed at boosting service provision capabilities through outside technical guidance.

Implementation Locations

The activities supported by this grant must take place either at the company's facilities or in factories located in Tokyo or the surrounding prefectures of Kanagawa, Saitama, Chiba, Gunma, Tochigi, Ibaraki, and Yamanashi.

Support and Consultation

Navit, a company located in Chiyoda, Tokyo, facilitates application support and consultations for this grant. Interested parties are encouraged to reach out via the links below for more information and assistance:

• - Application Support Consultation
• - Introduce Customers Interested in the Grant
• - Detailed Information on the Grant

Contact Information

For further inquiries, you can contact Navit at:

• - Phone: 0120-937-781
• - Fax: 03-5215-5702
• - Email: [email protected]
• - Business Hours: Monday to Friday, 10:00 AM to 7:00 PM.

This initiative represents a significant opportunity for small businesses in Tokyo to secure funding for development and growth, ultimately enhancing their competitiveness in today's dynamic market.