Japan’s Tokyo Metropolitan Government is accepting applications for the Green
Finance Subsidy for Tokyo Market Entry, a financial and technical assistance initiative
intended to attract foreign green finance companies to Tokyo. The program is open to
asset managers and financial technology (fintech) firms that are opening an office in
Japan for the first time.
Applicants must be active in “Providing funds for investments that have positive effects on
the environment, such as decontamination of air, water, and soil; reduction of greenhouse gas
emissions; improvement of energy efficiency; and investment in renewable energy projects [or
selling] technologies and services that contribute to the facilitation and efficiency of such
investment.”
The government will provide the awardees with support in “public relations, specialist
services (such as legal, human resources, etc) and business matching” in addition to a
cash subsidy. The four-year subsidy, which may be used to pay for staff, rent,
equipment and legal fees, has a first-year cap of JPY 50 million (USD 346,000). The
cap gets is reduced in each subsequent year such that the total cannot exceed JPY 125
million (USD 926,000). The application window closes on July 14.
By Rohit Dayanand, Research Associate
Sources and Additional Resources
Green Finance Subsidy for Tokyo Market Entry Program webpage
https://www.seisakukikaku.metro.tokyo.lg.jp/en/pgs/gfct/nurturing-players/green-finance-subsidy.html
Green Finance Subsidy for Tokyo Market Entry Program guidelines
https://www.investtokyo.metro.tokyo.lg.jp/en/oursupports/FY2023_ApplicationGuidelines.pdf
Tokyo Metropolitan Government homepage
https://www.metro.tokyo.lg.jp
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