#Japan #Tokyo #Global Startups #SusHi Tech

Introduction to SusHi Tech Global

In an effort to foster impressive growth among promising startups, the Tokyo Metropolitan Government has unveiled a new initiative called the "SusHi Tech Global Growth Acceleration Program." This initiative is a part of the upgraded startup strategy known as the "Global Innovation Strategy 2.0 STARTUP & SCALEUP," which emphasizes the importance of global expansion and scaling up for businesses aspiring for remarkable growth.

Objectives of the Program

Designed to identify and support startups that are poised for international success, the SusHi Tech Global program aims to assist around 100 to 150 selected businesses through a comprehensive support structure. In its first phase, the program is inviting proposals for participation, specifically targeting ventures aiming for rapid scale-up through global outreach. Selected enterprises will benefit from significant financial support and customized assistance tailored to their specific needs.

Details of the Growth Acceleration Program

The program will assess and select a maximum of ten ventures from the SusHi Tech Global Startups pool over a period of up to 18 months. For each selected venture, substantial funding of up to 200 million yen will be provided, along with bespoke support to guide their global scaling efforts.

Eligibility Criteria

To qualify for the program, projects must demonstrate the following:

• - A clear potential for significant growth in global markets.
• - Ability to create considerable economic or social impact.
• - A bold approach leveraging the financial support from the Tokyo Metropolitan Government effectively.

Support Offered

The program includes two primary forms of support:
1. Financial Assistance: Each selected startup can receive up to 200 million yen.
2. Tailored Support: Customized industry-specific assistance based on the needs of selected startups will be made available at appropriate times during the program.

Additionally, comprehensive support will focus on four critical factors necessary for global scaling: information and networks, fundraising, business strategy, and organizational growth.

• - International Travel Support: The program will also facilitate international travel opportunities as part of its offerings.
• - Collaborative Support: Startups will receive extensive backing through coalitions with a diverse range of supporters who will provide their specific strengths and networks.

Particular focus will also be placed on areas defined by the operators of the SusHi Tech program, which includes AI innovations in mobility, healthcare, energy, and next-generation computing, ensuring that support is aligned with global network insights and expertise.

Timeline and Application

For comprehensive details regarding the program, interested startups are encouraged to visit the SusHi Tech Global official website, where the application guidelines and timelines are outlined.

For more specific information, you can find details regarding the program here.

Conclusion

The SusHi Tech Global initiative underscores a commitment to nurturing startups that exhibit potential for transformative innovation. By collaborating with a diverse range of stakeholders and harnessing their collective expertise, the program aims to elevate these startups onto the global stage, aligning with the broader objectives of the 2050 Tokyo Strategy to cultivate thriving businesses.

This initiative not only aspires to foster innovation but also aims to create a sustainable future and enhance the quality of life for people everywhere. For startups ready to take the leap into global markets, the SusHi Tech Global Growth Acceleration Program represents a pivotal opportunity to secure the resources and support necessary for success.