Business
Tokyo Financial Award 2023: 16 Applicants Selected for Support Program of Financial Innovation Category
The Tokyo Metropolitan Government created the Tokyo Financial Award in FY2018 and has presented it to FinTech companies to honor them for developing innovative financial products and services that contribute to solving challenges facing Tokyo citizens and others (Financial Innovation Category), as well as businesses engaged in outstanding initiatives in ESG investment (ESG Investment Category).
For this fiscal year’s Financial Innovation Category, the TMG has accepted applications from a record 117 companies from Japan and 26 other countries and regions. It is proud to announce that, of them, 16 companies have passed the first round of screening to participate in the support program. They are listed below.
1.Outline of Support Program Participants (in alphabetical order)
Company Name | Country | Services details (to succeed in) |
---|---|---|
BlackSwan Technologies Inc. |
Israel | Provides a platform that helps financial institutions build applications that leverage various AI solutions. Supports information gathering and analytics to prevent money laundering and other financial crimes. |
Carbon Credit Market LLC | US | Provides a market for purchasing and selling carbon credits and renewable energy which can be tokenized in the blockchain. |
Credit Engine, Inc. | Japan | Provides a platform that digitalizes the loan application processes for financing from loan guarantee corporations. |
cycaltrust inc. | Japan | Provides an authenticity-guaranteed platform that utilizes Web 3.0. Helps reinforce the semiconductor supply chain and authenticity certification of core infrastructure. |
Desiderata Impact Ventures Private Limited | India | Integrates lending, commerce, and software into a B2B platform, enabling brands and their distributors to access financing solutions for their last-mile retailers, automate business processes and facilitate commerce. |
Earthtide Labs OÜ | Estonia | Provides a forward carbon credit trading platform with mangroves, cookstoves, and other projects. |
Fresh Supply Co Pty Ltd | Australia | Tokenizes information related to agriculture products and supply chain. Expedites financing processes by providing financial institutions with information necessary for agribusinesses to secure a loan. |
iChain, Inc. | Japan | Provides a platform which enables submitting applications to affiliated insurances on ecommerce websites. |
Impact Circle, Inc. | Japan | Provides a platform that enables impact investing. Leverages data to analyze and visualize the social impacts of investments and provides findings to investors. |
Inovat Ltd. | UK | Provides overseas travelers with an all-in-one digitalized process for VAT refunds. |
LIFE FAB Co., Ltd. | Japan | Provides pension dashboards that presents users with a visualization of the funds necessary to live comfortably until 100 years of age. Also provides financially educational content that supports users with asset building. |
MEBAIS Inc. | Japan | Provides medical institutions with an AI-enabled medical claims* checking/analyzing system. *Medical statements used by medical institutions to make claims for medical fees to insurance providers. |
Nomura Research & Advisory Co., Ltd. |
Japan | Forms a “search fund” to be used for business succession in collaboration with Japan Search Fund Accelerator. Matches small to medium sized enterprises with its manager candidates, and supports seamless business succession and the post-succession growth of the company. |
Poko Inc | Singapore | Provides various payment methods that are based on fiat currencies for purchases of Web 3.0 NFT in-game items. |
Protosure, Inc. | US | Provides insurance companies with a system which enables no-code designing of insurance products. |
Toggle GK | Japan | Provides AI chatbot solutions to asset management advisors that enables the analysis of client portfolios. |
2.Implementation of the Support Program
For the 16 selected companies, the TMG will hereafter provide a support program, including mentorship programs, business matching opportunities and support for overseas promotion. They will be ranked through the final round of selection, with awards granted to the top three companies. The details regarding the award ceremony will be announced at a later date after they are finalized.
Any use of services and other offerings provided by the participant companies of the support program is at your own discretion.
Please see the Tokyo Financial Award website for details.
This project is to promote the "Future Tokyo," Tokyo’s Long-Term Strategy.
Strategy 12: Strategy for Earning Potential in Tokyo and Innovation
※Please click here for the original Japanese release
For Inquiries
Strategic Projects Promotion Section, Strategy Promotion Division, Office for Startup and Global Financial City Strategy
03-5388-2163
S1130103(at)section.metro.tokyo.jp
※The above e-mail address has been arranged as an anti-spam measure. Please replace(at)with @.
Recommended for You
Tokyo “SusHi” Night in New York
November 14, 2024
Hosting the "Invest Tokyo Webinar 2024 for Oceania"
October 29, 2024
Tokyo Financial Award 2024: Announcement of Applicants Selected in the First Stage Screening for the Financial Innovation Category Support Program
November 11, 2024
Tokyo Green and Blue Bonds
January 23, 2024
Tokyo Social Bonds
January 23, 2024
Sustainable bonds
March 12, 2024
Tokyo Sustainability Bonds
August 27, 2024
Is Hill-Farmed Salmon Here to Save Us?
October 30, 2024
TMG Bond Investor Relations
September 26, 2024
The Tokyo Metropolitan Government Begins Accepting Applications from Candidate Companies for the Subsidy for Attracting GX-related Foreign Companies to the Tokyo Market (FY 2024)
May 30, 2024