#Japan #CIC Institute #Ibaraki #Tsukuba Center #Deep Tech Program

Launch of the Venture Growth Program in Ibaraki

In an exciting development for innovation and entrepreneurship, CIC Institute, founded by CEO Tim Row, alongside Tsukuba Research Center, has introduced the "Venture Growth Promotion Project (Growth Program)" targeted at startups engaged in the deep tech sector in Ibaraki Prefecture. This initiative aims to support ventures with significant growth potential in areas such as life sciences, environment, energy, electronic devices, and materials.

Program Overview

Set to commence officially from April 22, 2025, the program is structured to provide tailored assistance to selected startups. Through comprehensive mentorship, seminars, and networking opportunities, participating companies will receive targeted support to aid in their growth journey until March 31, 2026.

From mentoring and matching events to specialized seminars, the program aims to address the specific needs of participating startups. Moreover, these companies would benefit from CIC's extensive domestic and international networks, fostering an effective community that encourages long-term growth.

Selection Process and Criteria

Applications will be accepted until June 9, 2025. Around five companies are expected to be selected. To qualify, startups must meet specific criteria:
1. Be a venture company established for less than ten years.
2. Have a base in Ibaraki or a direct correlation with research institutions or universities in the region.
3. Operate within the deep tech industry, focusing on life sciences, environmental technology, electronic devices, or materials.

Application Details

Interested parties should carefully review the recruitment guidelines and submit their completed application forms and pitch materials to the CIC Institute's Venture Growth Promotion Project department via email (startup-support@cic.com). Application forms and guidelines can be downloaded from the designated links provided on the public recruitment page.

Impact and Past Achievements

This program isn't just a new initiative; it builds on the success of previous years, with fourteen startups having benefited from the program since its inception in the 2021 fiscal year. Notable past participants include groundbreaking companies such as Arc Medicine, specializing in drug discovery, and Qolo, which focuses on assistive medical devices. Both firms, among others, have leveraged the support to enhance their R&D efforts and market outreach.

About the Organizers

The CIC Institute is renowned for its role in fostering innovation ecosystems, working closely with government, local authorities, and academic institutions. It aims to support startups to thrive on a global scale, benefiting from the expertise of a team largely composed of Ph.D. holders in natural sciences.

Meanwhile, the Tsukuba Research Center acts as a deep tech incubator with strong connections to local universities and research organizations, contributing significantly to regional revitalization and innovation through technology commercialization.

Conclusion

As Ibaraki Prefecture continues to position itself as a burgeoning hub for deep tech innovation, this program offers a promising pathway for startups seeking to expand their impact and capabilities. Entrepreneurs interested in participating in this growth opportunity are encouraged to apply and take advantage of the valuable resources and guidance provided by CIC Institute and Tsukuba Research Center.