The Organization for Small & Medium Enterprises and Regional Innovation (SMRJ) (President: Masaru Miyagawa, Headquarters: Minato-ku, Tokyo) is pleased to announce the selection of grant recipients for the 3rd call for applications for the SME New Business Development Promotion Project (New Business Development Subsidy), which is being implemented under consignment to a consortium led by Hakuhodo Inc. ■ Project Overview The New Business Development Subsidy supports the forward-looking challenges of SMEs and other businesses that aim to enter new markets or develop high-value-added businesses, differing from their existing operations. ■ Selection Results ・Application Period: Tuesday, December 23, 2025 to Thursday, March 26, 2026 ・Number of Applicants: 1,212 ・Number of Selected Applicants: 423 (of which, 176 were eligible for customs duty points) *Applications involving collaboration between multiple companies are counted as one applicant, regardless of the number of members. For more details, please visit the New Business Development Subsidy Secretariat website. New Business Development Subsidy Secretariat Website https://shinjigyou-shinshutsu.smrj.go.jp SMRJ is a policy implementation organization aimed at contributing to the development of the Japanese economy by promoting innovation and regional economic revitalization for SMEs, small businesses, and startups aiming for autonomous development and continuity. To address the management challenges of SMEs and others aiming for sustainable growth in response to changes in the business environment, SMRJ provides direct, hands-on support, fosters human resources, operates mutual aid systems, offers various financial support and business opportunities, and cooperates in improving the support capabilities of related SME support organizations.