Financial Support for Safety and Security Product Development in Tokyo

Tokyo is taking a significant step towards ensuring safety and security through financial assistance aimed at local small businesses. The Tokyo Small and Medium Enterprise Promotion Corporation, under the leadership of Director Mitsuru Nakanishi, has launched a grant initiative that runs from June 3 to July 2, 2023, inviting applications for the development of safety-related products. This project, named the "2023 Product Development Support Program for Realizing a Safe and Secure Tokyo," aims to foster innovation that addresses the growing concerns over natural disasters and increasing cyber threats.

Overview of the Program

With the rising frequency of natural disasters, the need for effective disaster response and risk management has become critical. This initiative seeks to support the development, improvement, and dissemination of superior crisis management products by small and medium enterprises throughout Tokyo. By doing so, it aims not only to enhance safety for the city's residents but also to invigorate the local economy.

Key Features of the Program

1. Diverse Applications: The program encourages a variety of applications under the theme of safety and security, covering areas such as disaster prevention, child safety measures, risk management in businesses, and security technologies.
2. Substantial Financial Aid: Eligible businesses can receive up to 18.5 million yen. This includes direct personnel costs, with a cap of 10 million yen, allowing for a broad range of expenses to be covered. The program supports both the stages of development and promotion to launch products successfully into the market.
3. Post-Project Support: The initiative does not end at funding; selected companies will receive continued support after project completion. This includes participation in the