SusHi Tech Global Program Launched!
Tokyo Metropolitan Government has been advancing efforts to connect Tokyo’s startup ecosystem with the global stage based on its “Global Innovation with STARTUPS” strategy, established in November 2022. A key component of these efforts is SusHi Tech Tokyo, an annual event that builds a global platform for innovation under the vision of realizing a sustainable society through technology.
Expanding on the concept of SusHi Tech, Tokyo Metropolitan Government is now launching SusHi Tech Global, a strategic initiative designed to nurture startups with the potential to thrive on the global stage.This initiative focuses on scaling up companies with the potential to drive societal transformation through sustainable technology, providing comprehensive support through a public-private partnership.
1. What is “SusHi Tech Global”?
・Formation of the SusHi Tech Global Startups Community:
A curated group of 100–150 startups dedicated to creating a sustainable society. Tailored programs addressing challenges such as talent acquisition, organizational development, and business/capital strategies will be implemented to accelerate their global growth.
・Growth Acceleration Program:
For startups with high growth potential within the SusHi Tech Global Startups community, we will provide financial support and customized, hands-on assistance through a tailored growth acceleration program.
・Collaborative Support Programs:
Our support programs will be implemented in collaboration with a diverse range of supporters, leveraging their strengths and networks to deliver effective assistance. These programs will be regularly upgraded based on ongoing discussions with our supporters.
2. About SusHi Tech Global Startups
Under this program, startups that meet the specific criteria (see "Eligible Startups" below) and demonstrate the potential to become leading representatives of Tokyo will be recognized as "SusHi Tech Global Startups." The program provides comprehensive support through both public and private sector collaboration. To become a "SusHi Tech Global Startup," candidates must be recommended by a nominator and undergo an evaluation by external experts before official certification is granted.
If you are interested in becoming part of the SusHi Tech Global Startups community, please contact us via the inquiry form below.
[Eligibility Criteria for Startup]
Startups that fulfill all of the following 12 criteria (typically equivalent to Series B or later) are eligible for consideration:
① Technology for a Sustainable Society:
The startup must possess a concrete product based on technology that contributes to the realization of a sustainable society.
② Global Expansion:
The startup must have a proven track record or strong intent for global expansion.
③ Funding Requirements:
(3.1) The startup must have raised funds within the last three years, with a total funding amount of at least 2 billion yen (including planned funding). For listed companies, the company must be listed on the Growth Market with a market capitalization of at least 5 billion yen.
(3.2) If the above (3.1) is not met, the startup must meet one of the following conditions as an unlisted company:
(a) Raised at least 200 million yen (Series A or later) and meets one of the following:
・Recognized as a university-spin-off startup with significant growth potential.
・Secured funding from overseas VCs, CVCs, or equivalent organizations.
・Received subsidies for deep-tech startups (1 billion yen or more per grant).
・Selected or dispatched to overseas support programs conducted by Tokyo Metropolitan Government.
(b) Combined loans/subsidies and total funding exceed 2 billion yen.
(c) Received strong recommendations from at least three nominators for exceptional growth potential.
④ Startup Age:
The company should generally be founded within the last 15 years, though exceptions may apply based on funding status.
⑤ Tokyo-Based Operations:
The startup must conduct or plan to conduct business in Tokyo.
⑥ Compliance with Local Government Regulations:
The startup must not violate the provisions of Article 167-4 of the Enforcement Order of the Local Autonomy Act.
⑦ No Bankruptcy Proceedings:
The startup must not be undergoing corporate rehabilitation under the Corporate Reorganization Act.
⑧ No Civil Rehabilitation Proceedings:
The startup must not be undergoing civil rehabilitation under the Civil Rehabilitation Act.
⑨ No Prior Misconduct:
The startup must not have committed fraud or other misconduct in government or municipal projects in the last five years.
⑩ Exclusion of Organized Crime and Inappropriate Industries:
The startup must not be associated with organized crime groups or operate in industries deemed socially inappropriate, such as gambling or adult entertainment.
⑪ Exclusion of Fraudulent Business Practices:
The startup must not engage in practices such as pyramid schemes, negative option selling, or other unethical business models.
⑫ Socially Responsible Business:
The startup must not engage in activities deemed contrary to public order and morals or inappropriate for support.
Note 1: In this initiative, a “startup” is defined as a company that aims for high growth by addressing societal challenges with unique technologies or ideas, maintains managerial independence, and is not under the strong control of any specific company or group.
Note 2: Eligible listed companies must be listed on one of the following: Tokyo Stock Exchange Growth Market, TOKYO PRO Market, Nagoya Stock Exchange Next Market, Fukuoka Stock Exchange Q-Board, Fukuoka PRO Market, or Sapporo Stock Exchange Ambitious Market.
Membership Period (Planned)
Membership in the SusHi Tech Global Startups community will be renewable annually, with the renewal date set for the first January following the completion of one year of membership, as determined by Tokyo Metropolitan Government.