What is the 'New Product/New Technology Development Subsidy Program'?

It is a program by the Tokyo SME Support Center to provide partial funding for research and development expenses of new products and technologies for SMEs in Tokyo, aiming to revitalize the city's industries.

What is the maximum subsidy amount available?

The maximum subsidy amount is ¥25 million.

What types of expenses are eligible for subsidies?

Eligible expenses include raw materials, machinery, equipment, tools, intellectual property costs, expert guidance fees, and direct labor costs for R&D.

What is the application period?

Applications are accepted from March 27th to April 17th (until 5:00 PM).

Applications are accepted electronically through the government's 'J-Grants' system. A 'G-BizID Prime Account' is required in advance.

Who is eligible to apply?

Small and medium-sized enterprises (companies and sole proprietors) conducting substantial business activities in Tokyo, and individuals planning to start a business in Tokyo.

Can labor costs be included in the subsidy?

Yes, direct labor costs for personnel directly involved in the R&D process are eligible.

Is there a way to get a higher subsidy ratio?

Yes, if a wage increase plan is formulated and implemented, the subsidy ratio can be expanded to 3/4 for SMEs and 4/5 for small businesses, up from the standard 1/2.

AI News NQ Analysis

Tokyo Supports New Product/Technology Development with Subsidies of Up to ¥25 Million! Application Period Open (Until April 17)

NQ Score 50/100

AI Summary (NQ-processed)

Tokyo is offering subsidies of up to ¥25 million to SMEs for new product and technology development, and has begun accepting applications.

AI analysis data is not yet available.

Frequently Asked Questions

Q: What is the 'New Product/New Technology Development Subsidy Program'?: A: It is a program by the Tokyo SME Support Center to provide partial funding for research and development expenses of new products and technologies for SMEs in Tokyo, aiming to revitalize the city's industries.
Q: What is the maximum subsidy amount available?: A: The maximum subsidy amount is ¥25 million.
Q: What types of expenses are eligible for subsidies?: A: Eligible expenses include raw materials, machinery, equipment, tools, intellectual property costs, expert guidance fees, and direct labor costs for R&D.
Q: What is the application period?: A: Applications are accepted from March 27th to April 17th (until 5:00 PM).
Q: How can I apply?: A: Applications are accepted electronically through the government's 'J-Grants' system. A 'G-BizID Prime Account' is required in advance.
Q: Who is eligible to apply?: A: Small and medium-sized enterprises (companies and sole proprietors) conducting substantial business activities in Tokyo, and individuals planning to start a business in Tokyo.
Q: Can labor costs be included in the subsidy?: A: Yes, direct labor costs for personnel directly involved in the R&D process are eligible.
Q: Is there a way to get a higher subsidy ratio?: A: Yes, if a wage increase plan is formulated and implemented, the subsidy ratio can be expanded to 3/4 for SMEs and 4/5 for small businesses, up from the standard 1/2.