#Japan #Tokyo #Small Businesses #Tokyo Grants #New Technology

Introduction

The Tokyo Metropolitan Government, through the Tokyo Small and Medium Enterprise Agency, has initiated a program intended to invigorate local industry by providing financial support for small and medium-sized enterprises (SMEs) engaged in the research and development of new products and technologies. This year, the grant limit has been significantly increased from 15 million yen to 25 million yen, encouraging entrepreneurs to innovate and invest in their projects.

What is the New Product and Technology Development Grant?

This grant program aims to assist SMEs in Tokyo by partially subsidizing the expenses associated with the research and development of new products and innovative technologies. The objective is to boost the technological capabilities of these enterprises and foster exploration in new fields, ultimately contributing to the overall revitalization of Tokyo's industrial landscape.

Highlights of the Grant Program

1. Increased Grant Amount: Entrepreneurs planning to start a business in Tokyo can apply without any limitations on the years of operation or specific industry. Grants can cover up to 25 million yen, opening the door for both established businesses and startups.

2. Wide Range of Eligible Expenses: The grant covers a variety of costs related to R&D, including expenses for machinery, tools, patent applications, and technology integration. This allows businesses to allocate funds flexibly across their development projects.

3. Electronic Application System: The application process is streamlined through the digital platform “J-Grants.” Applicants need to obtain a “G biz ID Prime Account” in advance to utilize this system, making submissions more efficient.

Research and Development Considerations

The program categorizes research and development as the design, production, and evaluation of prototypes that lead to new products or services. Eligible projects may include:

• - Research and Development for Productization: This involves designing and testing hardware or software prototypes intended for practical use or commercialization.
• - Research and Development for New Service Creation: This includes developing the necessary hardware or software prototypes that enable the delivery of innovative services.

Program Summary

• - Eligible Applicants: SMEs operating in Tokyo and individuals planning to start a business in the area.
• - Grant Period: The program runs from November 1, 2025, to July 31, 2027, allowing for a maximum duration of 1 year and 9 months.
• - Expenses Covered: Eligible costs include materials, equipment, outsourcing expenses, intellectual property costs, expert consulting fees, and direct labor costs.
• - Grant Limit: Up to 25 million yen per applicant.
• - Subsidy Rate: Generally, up to half of the eligible costs (with higher rates for those with an approved wage increase plan).

Timeline

Keep in mind that the schedule may change. Only those who pass the initial screening will need to submit additional documents, such as tax returns or registration certificates.

Application Process

The application process via the J-Grants platform starts on May 9. For detailed information, applicants should refer to the official website of the Tokyo Small and Medium Enterprise Agency.

Website: Tokyo Small and Medium Enterprise Agency
(Note: Prior registration for a 'G biz ID Prime Account' is required, and it is advisable to start this process early due to potential delays.)

Contact Information

For any inquiries or further information, please reach out to the contact point at the Tokyo Small and Medium Enterprise Agency, the Grants Division's New Product Assistance Office:

• - Phone: 03-3251-7894
• - Email: shinseihin-josei@tokyo-kosha.or.jp

Conclusion

The increased budget for this grant program presents a unique opportunity for businesses in Tokyo to advance their projects, improve their technologies, and ultimately contribute to the economic landscape of the metropolis. Encouraging both innovation and expansion, this initiative should not be overlooked by aspiring and existing entrepreneurs alike.