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For Investors

Invest in Japanese Venture Capital

 

Access Japan's VC market with clear tax, legal, and structural guidance — all in one place

Improved Tax Treatment for Foreign LPs

Japan has clarified and expanded tax exemptions for foreign limited partners investing in Japanese venture capital funds, reducing permanent establishment (PE) risk

PDF : To be announced (PDF file)

Model Limited Partnership Agreement

METI published a model limited partnership agreement (Model LPA) to assist in the preparation of partnership agreements (LPAs) for Investment Limited Partnerships (LPS).

 Model Limited Partnership Agreement

Invest in Japanese Startups

 

Discover high-growth Japanese startups and the support ecosystem behind them

JAPAN PUBLIC–PRIVATE INVESTMENT PLATFORM

Japan's policy-aligned public-private investment ecosystem offers strategic capital and structured co-investment opportunities designed to drive innovation and sustainable growth.

  • Policy-aligned long-term capital
  • Strong industrial and technology base
  • Institutional risk-sharing mechanisms
  • Structured co-investment opportunities
  • Stable governance and regulatory framework

JIC

Japan Investment Corporation (“JIC”) was established in September 2018 under the Industrial Competitiveness Enhancement Act.

JIC’s investment focus areas are as follows;
  • Creating a virtuous cycle of domestic investment and innovation;
  • Creating and fostering startups;
  • Leveraging promising untapped management resources lying dormant in local areas, including startups from academia and mediumsized companies;
  • Promoting business restructuring in response to changes in market and business environments.

JIC provides risk capital to these areas through funds independently established by JIC and LP investment in private funds to promote open innovation in Japan, strengthen the competitiveness of Japanese industries, and contribute to expansion of Japan’s investment ecosystem.

Starting in 2023, JIC began making investments in overseas VCs as a LP with the aim of supporting the growth and　development of Japan's startup ecosystem and helping Japanese startups expand overseas.

Please visit our website for more details.

 JIC (External site)
 JIC Venture Growth Investments (External site)
 JIC Capital (External site)

SMRJ

The Small and Medium Enterprise Agency (SMRJ) is an independent administrative agency supporting SMEs and startups and operates the Global Startup Growth Investment Program as part of its activities.

Key Functions

SMRJ provides integrated technical and financial support throughout the entire business lifecycle ー from business creation and development to long-term sustainability ー thereby promoting management stability and growth.
  • Acceleration programs
  • Expert dispatch programs
  • Fund management operations (LP investments in domestic and overseas funds)
  • Overseas expansion support (advisory services by experts, business matching, and feasibility studies), etc.
Official Website (External site)

Example of LP Investment by SMRJ: Global Startup Growth Investment Program

A program under which SMRJ makes LP investments in domestic and overseas venture capital funds that possess strong financial capacity and expertise in startup development, with the aim of fostering globally competitive mega-startups from Japan. InvestmentDetailsLP investments are made in domestic LPS structures or overseas-domiciled funds to support and cultivate domestic startups and strengthen the startup ecosystem.A key requirement is that the investee VC must invest an amount equal to or greater than SMRJ's investment into domestic startups and support their overseas expansion.

Official Website (External site)

J-Startup

J-Startup is a public-private program that supports high-potential Japanese startups with global ambitions. Participating startups receive preferential access to government funding, strategic partnerships, and international market entry support.

J-Startup (External site)

Division in Charge

Innovation and Startup Promotion Division, Innovation and Environment Policy Bureau

Last updated:2026-04-30