Initiatives for attracting foreign/foreign-affiliated companies to regional ecosystems in Japan
In order to create new businesses and employment in the regions and revitalize regional economies, JETRO is working with regional ecosystem stakeholders (local governments, universities and research institutes, local companies, industrial communities, startup ecosystem consortium members, etc.) to attract foreign and foreign-affiliated companies to Japan’s local regions and collaborate with them internationally by utilizing domestic and overseas networks.
1. Disseminating information on the attractiveness and investment environment of each region in Japan
We provide foreign companies with information on the attractiveness of industries and the investment environment in each region through our Navigation system for investing in Japan’s local regions to support their expansion into the regions.
2. Support for activities to induce foreign/foreign-affiliated companies to utilize regional ecosystems in Japan
In June 2023, we established the “Program to Attract Foreign Companies to Regional Ecosystems” in order to attract foreign companies to the regions and promote international collaboration. The program provides the following supports for those involved in regional ecosystems (local governments, universities and research institutes, local companies, industrial communities, startup ecosystem consortium members, etc.).
(1) Global Open Innovation Project (GOI Project)
* For b. and c., proactively implement invitations that lead to the promotion of innovation.
|a. Business matching in the healthcare and digital sectors||Implement business matching between Japanese companies and foreign/foreign-affiliated companies by key industry on a wide-area and cross-sectional basis.|
|b. Invitation of foreign companies to regional key industries||Invite foreign companies that are expected to establish their bases in the region or lead to collaboration/cooperation in the future, and hold business meetings and events such as seminars and symposiums, in order to contribute to the revitalization and sophistication of the regional ecosystem with a focus on key industries in the region.|
|c. Individual invitations||Invite specific foreign companies that have already been in contact with any party involved and have a high possibility of expanding into the region, and provide support for the inspection of a specific area and preparation for establishing a base.|
(2) Support project for enhancing regional branding
|Brush up the attraction strategy, PR materials, etc. from overseas perspectives through overseas consultants, and support the enhancement of regional branding, with the aim of further enhancing the brand power of the domestic regional ecosystem in other countries.|
|(3) Industrial tours for foreign-affiliated companies in Japan||Conduct industrial tours for foreign-affiliated companies in Japan with a focus on key industrial sectors to observe the region's investment environment and interact with local companies, academia, etc.|
|(4) Support project for enhancing the attraction of regional ecosystems||
If you are interested in any of these supports, contact your nearest JETRO local office in Japan.
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