jumps to contents

  • Home>
  • Activities>
  • News List (2016)>
  • Presolicitation Notice – The 3rd Additional Certification of Venture Capital Firms to Partner in the NEDO Technology - based Startup Support Program

Presolicitation Notice – The 3rd Additional Certification of Venture Capital Firms to Partner in the NEDO Technology - based Startup Support Program

December 26, 2016
Information is updated
February 3, 2017 ● Correction:
Scheduled Solicitation Issuance Date
Before a correction; End-January 2017
After a correction; Early-February 2017
January 23, 2017 ● Correction:
Scheduled Solicitation Issuance Date
Before a correction; Mid-January 2017
After a correction; End-January 2017
December 28, 2016 ● Additional information:
-The previous solicitation notice is added.
-Eligible entities are modified.

Overview

Program Title: NEDO Technology-based Startup Support Program

Scheduled Solicitation Issuance Date: Early-February 2017

Contact: Innovation Promotion Department
Tsukagoshi, Matsunaga, Hashizume, Funahashi
E-mail: vc-vb@nedo.go.jp

1. Program Description

(1) Synopsis

The New Energy and Industrial Technology Development Organization (NEDO) is planning to issue a presolicitation to award additional certifications to venture capital firms, seed accelerators and other venture investment companies (VCs*) that will participate in NEDO’s assistance program for technology-based startups and venture businesses in the seed stage (STSs**) as investment partners.

NEDO will prioritize applicants with high potentials to, upon certification, 1) contribute to building a venture capital ecosystem in Japan, especially through novel approaches (e.g. hands-on policies); and 2) strengthen the economy and develop international business channels by enhancing cooperation with global networks.

Applicants will join the current team of 18 Certified VCs. The same certification conditions apply to the new VCs (e.g., capability to make investments in STSs, intent to maintain hands-on involvement with STSs after investment, and setting up an operating base/branch in Japan). Teams comprised of multiple companies are also eligible to apply.

This is a presolicitation notice to publicize the planned solicitation release. Interested parties are encouraged to refer to the solicitation documents for the final details once the solicitation is posted.

*VCs = Venture capital firms, seed accelerators and other venture investment companies
**STSs = Technology-based startups and venture businesses in the seed stage

(2) Certification Duration

FY2017 - FY2019

(3) Proposal Deadline

The proposal deadline is scheduled to be about one month after the solicitation issuance date.

・Please refer the previous solicitation notice as below;

It may change in the next solicitation notice.

【Reference: Synopsis of Grant Program in which Certified VCs will Participate】

  • Grant Amount: To be announced.
  • Allowable Costs: Expenses necessary for commercialization of the technology seeds (e.g., development of practical applications, business feasibility studies, etc.).
  • Eligible entities: The applicant must have a location in Japan from which to provide hands-on business development support for STSs, with permanent staff in residence in Japan. STSs those who are working on commercialization of concrete technology seeds and plan to receive funding from Certified VCs.
  • Eligible technologies: All industrial technologies under the jurisdiction of the Ministry of Economy, Trade, and Industry, e.g. Robotics, AI, electronics, IoT, clean-tech, materials, medical equipment, biotech, and aerospace. (excluding nuclear technology)
  • Solicitation Issuance Date: To be determined.