TOKYO, June 23, 2017 /PRNewswire/ -- The Tokyo
Metropolitan Government (TMG) is preparing a new plan which can be
termed 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.
Reference:
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 now launches a new initiative named the "Accelerator
Program -- FinTech Business Camp Tokyo" (hereinafter referred to as
"the Program").
TMG aims to generate ground-breaking innovation to improve
convenience for Tokyo's residents,
and re-energize Tokyo's economy by
intensively running the substantial three-month Program.
1. Program 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)
2. 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)
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SOURCE Tokyo Metropolitan Government