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  5. Results of Adoptions for Subsidies for Temporary-Secondment Start-Ups:Businesses Adopted for Subsidies through the First Public Call for the FY2021 Budget

Results of Adoptions for Subsidies for Temporary-Secondment Start-Ups:Businesses Adopted for Subsidies through the First Public Call for the FY2021 Budget

July 9, 2021

The Business Expense Subsidies to Support the Creation of New Businesses by Large Companies' Human Resources is a program to provide financial aid to human resources at large companies who themselves launch start-ups by raising external funding, and then run them through temporary secondment, without leaving the companies they work for. The first public call for the FY2021 budget's subsidies has resulted in the adoption of eleven businesses (nine new ones).

1. Outline of the adoptions

Through the FY2021 budget's Business Expense Subsidies to Support the Creation of New Businesses by Large Companies' Human Resources. (Project to Promote the Creation of New Small and Medium-Sized Enterprise Businesses), the Ministry of Economy, Trade and Industry (METI) is supporting new "temporary-secondment start-up" businesses that human resources at large companies launch and run themselves by raising external funding or investing their personal assets, without leaving the companies they work for.

It aims to increase the number of new business entrepreneurs even during the COVID-19 pandemic, by encouraging the opening up of management resources (including human resources and intellectual property) that have not been fully utilized in large companies thus far.

METI hereby announces that it has adopted eleven businesses (nine of which are new ones) after conducting a public call from April 16 to May 31, 2021, followed by a review by an external examination committee.

A second public call is expected to begin around August.

2. Adopted businesses

The names of the adopted businesses are listed below.

3. Business descriptions and details about the adoptees

For more information, please refer to the website of the executive body.

Division in Charge

Human Resources Policy Office, Economic and Industrial Policy Bureau