May 17, 2019
The Ministry of Economy, Trade and Industry (METI) approved ten collaborative support plans for leading projects. These are plans that the organizations for supporting regional businesses’ leading projects for invigorating regional economies have prepared in collaboration with related ministries and agencies under the Act for Fortifying the Foundation for Development and Growth of Regional Areas by Promoting Leading Projects for Regional Economy (Act No. 40 of 2007; hereinafter referred to to as the “Regional Future Investment Promotion Act”). METI will continue to strive to encourage municipalities’ creation of leading projects for invigorating regional economies across Japan.
1. Outline of the Regional Future Investment Promotion Act
The Regional Future Investment Promotion Act aims to support efforts by municipalities that intend to focus on economic ripple effects brought about by regional projects taking advantage of the regional characteristics and to enhance such effects to the maximum extent possible.
If municipal governments of cities, towns, villages and prefectures wish to receive such support, they should prepare and submit a basic plan under the basic policy shown by the government and receive consent for the plan from the government.
In response, a regional business will formulate and submit a plan of a leading project for invigorating the regional economy under the basic plan with the consent to the municipality in charge, and the governor of the prefecture will approve the plan.
Meanwhile, if multiple regional organizations, e.g., universities and public research and development institutes, intend to collaboratively support regional businesses’ leading projects for invigorating regional economies (hereinafter referred to as “organizations for supporting leading projects”), they should submit a plan for supporting such leading projects called “collaborative support plan” to the government, and in response, the government will approve the plan.
2. Outline of the ten approved collaborative support plans
METI approved the following collaborative support plans under the Regional Future Investment Promotion Act:
List of the ten newly approved collaborative support plans
|Title of the plan||Support organizations|
|Collaborative Support Plan for Sophistication and Commercialization of Seeds of Agricultural, Forestry and Fishery Products, Monodzukuri, IT and Other Specialties in the Northern Region for Next Generations in Hokkaido Prefecture||Dogin Regional Research Institute Co. Ltd. and five other organizations|
|Collaborative Support Plan for Productivity Improvement in Industries in Hokkaido Prefecture Taking Advantage of AI and IoT||Fusion Co., Ltd. and four other organizations|
|Collaborative Support Plan for Encouraging Businesses in Hokkaido Prefecture to Enter the Aircraft Industry||Hokkaido Machinery Manufacturers Association and seven other organizations|
|Collaborative Support Plan for Creation of Industrial Innovations in Hokkaido Prefecture||Hokkaido Research Institute for the Twenty-First Century Co., Ltd. and 13 other organizations|
|Collaborative Support Plan for Creation of Industrial Clusters in the Hokkaido Region||Northern Advancement Center for Science and Technology and 11 other organizations|
|Collaborative Support Plan for Branding of Local Products in the Fields Related to Agricultural, Forestry and Fishery, Regional Trading and Food Manufacturing in the Broad Region Covering Kitasanriku and Hachinohe Regions||Tsugumi Capital Corporation and eight other organizations|
|Collaborative Support Plan for the Project for Advanced Monodzukuri of Highly-Functional New Materials in the Hokuriku Region||Jekku Management Consultant Co., Ltd. and nine other organizations|
|Collaborative Support Plan for the Advanced and Growth Industries Mainly in Kobe City, Hyogo Prefecture||The New Industry Research Organization and eight other organizations|
|Collaborative Support Plan for Machine- and Metal-related Industries in Shimane Prefecture||Shimane Prefecture and five other organizations|
|Collaborative Support Plan for the Monobegawa Region in Kochi Prefecture||Kochi Prefecture and 18 other organizations|
List of the three collaborative support plans whose modification was approved
|Title of the plan||Support organizations|
|Collaborative Support Plan for Promotion of Innovations in Ishikawa Prefecture||Ishikawa Prefecture and four other organizations|
|Collaborative Support Plan for Introduction of AI, IoT and Robots into Osaka City||Osaka Business Development Agency and nine other organizations|
|Collaborative Support Plan for the Growth Monodzukuri Industries in Okinawa Prefecture||Okinawa Prefecture (Okinawa Industrial Technology Center) and 16 other organizations|
Note: For more information on these plans, visit the following website.
3. Outline of the measures for organizations for supporting leading projects under the Regional Future Investment Promotion Act
- Special treatments under the Small and Medium-sized Enterprise Credit Insurance Act
Measures for supporting such organizations in raising funds with guarantee (general incorporated associations or general incorporated foundations)
- Special treatments for procedures for approving restrictions on disposition of property
Streamlined procedures for disposition of granted or subsidized property, only limited to projects in which municipal governments are involved.
Division in Charge
Regional Business Innovation Promotion Division, Regional Economic and Industrial Policy Group