Ministry of Economy, Trade and Industry
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Small and Medium Enterprise AgencyJoint Press Release with the Organization for Small & Medium Enterprises and Regional Innovation, JapanFormulation of an Investment Partnership to Support SMEs to Develop their Businesses Overseas

The Ministry of Economy, Trade and Industry (METI) has been conducting measures to support small- and medium-size enterprises (SMEs) to develop their business overseas. As a part of the measures, on March 15, 2013, the Organization for Small & Medium Enterprises and Regional Innovation, Japan (SME Support Japan) concluded a partnership agreement with the Asian Gateway No. 1 Investment Limited Partnership (hereinafter referred to as the "Partnership") in which Sumitomo Mitsui Trust Investment Co., Ltd. is an unlimited liability partner. Through the agreement, SME Support Japan will invest 600 million yen (out of a total fund of 1.2 billion yen) in the Partnership.

METI will endeavor provide funds to SMEs that are to develop their businesses overseas and support their management through the fund.

1. Summary

METI will invest in SMEs that are to develop their businesses overseas through the Partnership (a fund) formed by SME Support Japan jointly with private investment enterprises. At the same time, METI will also provide various types of necessary support measures for SMEs, such as those to open new markets that are necessary to develop their businesses overseas (a project financed by the FY2012 budget titled "Project for Enhancing Management Foundations of SMEs that are to Develop their Businesses Overseas"; hereinafter referred to as the "Project").

2. Adopted enterprise

SME Support Japan formulated the Partnership to implement the Project. From December 11, 2012, to January 17, 2013, it invited applicants of enterprises that satisfy certain requirements for executing operations as a member of the unlimited liability partnership, and adopted the enterprise for the Project. This funding is the first case adopted under the Project.

3. Outline of the Asian Gateway No. 1 Investment Limited Partnership

  1. Adopted enterprise: Sumitomo Mitsui Trust Investment Co., Ltd. (Minato Ward, Tokyo; Fund operator)
  2. Total amount of the fund: 1.2 billion yen
  3. Future actions: The fund operator will carry out investment in SMEs and support actions for them by utilizing its own network and other means, in cooperation with SME Support Japan and other organizations.

For the details, visit the following SME Support Japan URL:
http://www.smrj.go.jp/fund/chosa_joho/press/075797.htmlExternal Site Link (in Japanese)

Release Date

March 15, 2013

Division in Charge

  • New Business Promotion Division, Business Support Department, Small and Medium Enterprise Agency
  • First Fund Examination Division, Fund Management Department, Organization for Small & Medium Enterprises and Regional Innovation, Japan
 
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Ministry of Economy, Trade and Industry
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