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TOKYO: Tokyo Metropolitan Government to Invite Foreign Companies which Participate in FinTech Business Camp Tokyo

Jun 19, 2017

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 Asian 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 9th June.
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.
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 it launches a new initiative named the ‘Accelerator Program – FinTech Business Camp Tokyo’ (hereinafter referred to as ‘the Program’).

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.
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 Guideline’ in TMG’s website)

(Application)
Kindly check the ‘Application Guidelines’ and download the required documents in the following website.
Tokyo Metropolitan Government Accelerator Program 「FINTECH BUSSINESS CAMP TOKYO」External site: a new window will open.

(Submission deadline)
11:59 p.m., Friday, 14th July, 2017 (Japan Standard Time)

Tentative schedule June: Acceptance of application
July 14th: Submission deadline
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)

Inquiry

Fintech Business Camp Tokyo Office

E-mail : fintechaccelerator@access2tokyo.com

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