Tokyo Metropolitan Government Invites Foreign Companies to Blockchain Accelerator Program

Announcements, Blockchain, FinTech | October 24, 2017 By:

The Tokyo Metropolitan Government (TMG) will be holding an accelerator program for foreign companies that possess advanced blockchain technology in such areas as transactions, securities, IoT, supply chains and the sharing economy.

Dubbed Blockchain Business Camp Tokyo, the accelerator program aims to generate ground-breaking innovation to improve convenience for Tokyo’s residents and re-energize the city’s economy. The three-month program will run from January to March 2018.

The accelerator program will have mentors drawn from Tokyo-based, leading Japanese companies involved in fields such as transactions, securities, IoT, supply chains, and the sharing economy. In addition, it will offer an opportunity to connect with investors, Tokyo-based businesses, and others.

TMG said participating companies’ technologies and services will be advertised for an extended period using digital signage located around Shinjuku and Tokyo stations in the heart of Tokyo, and support will be extended to foreign companies that decide to establish their business in Tokyo.

Submission deadline for the program is November 24. In December, TMG will then select and announce five foreign companies that will be participating, and then in January, 2018, implement mentoring.