Tokyo Metropolitan Government to Invite Foreign Companies which Participate in FinTech Business Camp Tokyo
The Tokyo Metropolitan Government (TMG) is preparing a new plan which can be termed as the “Financial System Reform in Tokyo – Tokyo’s Big Bang” in order to regain the status of Asia’s No.1 international financial city, and this new plan will be announced this autumn.
Prior to the announcement of the new plan, TMG made public its summary titled “Interim Report on Policy for ‘Global Financial City Tokyo’” (hereinafter referred to as ‘the Report’) on June 9.
In this Report, TMG announced the launch of a new initiative to develop FinTech business, and the initiatives to support the establishment or development of innovative businesses.
http://www.seisakukikaku.metro.tokyo.jp/GFCT/english/index.html
In order to transfer cutting-edge technology and know-how from overseas to Japanese companies, TMG has taken initiatives to attract foreign companies. In this context, as mentioned in the Report, TMG would like to gladly inform you that now we launches a new initiative named the ‘Accelerator Program – FinTech Business Camp Tokyo’ (hereinafter referred to as ‘the Program’).
1 Program features
TMG aims to generate ground-breaking innovation to improve convenience for Tokyo’s residents, and re-energize Tokyo’s economy by intensively running the following substantial three-month Program;
1 To invite and select around five foreign companies with advanced
FinTech technologies and business models such as blockchain, AI, etc. (hereinafter referred to as ‘Foreign Companies’).
2 To support the Foreign Companies in their creation of business plan, including setting business match ups between
the Foreign Companies and Japanese financial institutions, IT vendors, etc.
3 To host pitch event where Foreign Companies will present their business plans in front of Tokyo-based companies, investors, etc.
2 Application outline
Target companies
Foreign Companies with advanced FinTech technologies and business models (payments, financing, fund management, asset management, insurance, security, etc.) which have not yet been established in Japan.(For more information, kindly refer to the ‘Application Guidelines’ on TMG’s website)
Application
Kindly check the ‘Application Guidelines’ and download the required documents in the following website:
http://www.seisakukikaku.metro.tokyo.jp/invest_tokyo/english/fintechaccelerator/index.html
Submission deadline
11:59 p.m., Friday, July 14, 2017 (Japan Standard Time)
3 Tentative schedule
June: Acceptance of applications
August: Selection and announcement of around five Foreign Companies
September: Introductory seminar
October to November: Implementation of mentoring / Compilation of a business plan / Networking events / Business matchings
Early December: Pitch events (open-door / closed-door)
