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METI to Hold "Regional Business Conference in Fukuoka"

For promoting direct investment in Japan's regions

September 14, 2018

On October 17 (Wed.), 2018, the Ministry of Economy, Trade and Industry (METI), the Japan External Trade Organization (JETRO) and Fukuoka Prefecture will jointly hold a conference titled “Regional Business Conference (RBC) in Fukuoka,” in order to convey information on the attractiveness of regional business environments in Japan to the world.

The conference will bring together IoT related companies in Sweden and Finland, and provide business matching opportunities, i.e. a sales pitch by the Governor of Fukuoka Prefecture, a business networking event and a business matching event among invited Swedish, Finnish and regional companies.

1. Outline of the RBC projects

In the coming years, Japan will host international sports events, such as the Rugby World Cup in 2019 and the 2020 Tokyo Olympic and Paralympic Games. Taking these opportunities, METI will encourage municipalities to convey information on attractive business environments in their regions to the rest of the world, setting the time goal at 2020.

As one of the efforts to this end, between 2018 and 2020, METI and JETRO will sequentially hold a series of RBC projects. In these projects, they and municipalities proactive to attract foreign-based companies to their regions will collaboratively invite foreign-based companies to Japan that are highly interested in investment in specific Japanese regions. Heads of municipalities will show their attractiveness to such companies through sales representatives, and business matching and other events between foreign-based and regional companies will be held.

As a kick-off conference of a series of RBC projects, METI, JETRO and Fukuoka Prefecture decided to invite company representatives from Sweden and Finland, and hold a Regional Business Conference (RBC) in Fukuoka jointly with JETRO and Fukuoka Prefecture.

2. The RBC in Fukuoka

Fukuoka Prefecture aims to play a role of a front runner in the field of innovations in Asia and to serve as a base for advanced growth industries that will seamlessly create new technologies and products. In particular, the prefecture places weight on activities for attracting overseas companies, taking advantage of its existing cluster of companies having IoT-related advanced technologies, e.g., robotics, semiconductors and software.

Moreover, placing an eye on the 2020 Tokyo Olympic and Paralympic Games and other events, the prefecture has been advancing exchange with Sweden and Finland, countries in which IoT-related companies are making remarkable growth. Taking advantage of the networks with these countries, METI, JETRO and Fukuoka Prefecture will hold an RBC in Fukuoka scheduled as below, bringing together eight companies in these countries (See Appendix 1 attached to the Japanese language press releasePDF) and providing the Governor of Fukuoka Prefecture with an opportunity to attract business as a sales representative of the prefecture, a business networking event and a business matching event between Swedish and Finnish companies and regional IoT-related companies.

(1) Opening remarks by a representative of the host municipality Governor of Fukuoka Prefecture
(2) Explanation of environments for direct investment in Japan JETRO
(3) Explanation of business environment in Fukuoka Prefecture Fukuoka Prefecture
(4) Fukuoka seen from the viewpoint of Mycronic AB Mycronic Technologies Corporation
(5) Efforts for developing highly skilled human resources taken by a National Institute of Technology National Institute of Technology, Kitakyushu College
(6) Co-creation of cutting-edge technologies through open innovation Yaskawa Electric Corporation
(7) Reason why Groovenauts, Inc. placed its base in Fukuoka and future visions of the company Groovenauts, Inc.
(8) Efforts for achieving Industries 4.0 taken by Sweden and Finland The Embassy of Sweden and the Embassy of Finland in Japan
(9) Short presentations by eight North European companies Companies invited by the organizers

3. Future RBC events

Following the RBC in Fukuoka, METI will hold RBC events in three prefectures below:

Appendix

Reference

Division in Charge

Investment Facilitation Division, Trade and Economic Cooperation Bureau

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