Advantages

Support menu

Name Support from Summary Target
Already established startup Not yet established but willing to
1)Financial support from Wakayama prefecture Wakayama Prefecture office rent, the communication fee, the air transportation fee Yes –
2)Assistance for business development Wakayama Prefecture  provides an opportunity to match with leading companies Yes Yes
3)Opportunities for “pilot experiments” and “technology demonstrations Wakayama Prefecture Opportunities for “pilot experiments” and “technology demonstrations Yes Yes
4)Introducing the “Industrial Technology Center of Wakayama Prefecture Industrial Technology Center of Wakayama Prefecture Technical consultation and technical coaching, etc Yes Yes

Already established startup: In case existing startups move to Wakayama from outside of Wakayama.
Not yet established but willing to: In case you start up a new business in Wakayama.

1)Financial support from Wakayama prefecture

To reduce financial burden of tenants, Wakayama prefecture subsidize portion of the rent up to 50%. This subsidy is available for maximum of 3 years after moving into WInC. You need loan screening from prefecture office to receive such subsidies.

Support from

  • Wakayama Prefecture

Target company

  • Already established company outside Wakayama.
  • Less than 10 years of establishment.
  • Already invested from Venture Capital(s) with JVCA (Japan Venture Capital Association) membership.

Detail of the incentive and subsidy

  • New recruitment incentive:
    • If the tenant company at WInC hires local people or employee(s) migrate to Wakayama (the residence certificate is moved to Wakayama), subsidize 300,000 yen per person.
  • Incentive for fixed assets:
    • 30% of fixed asset spending to be subsidized
  • Subsidy:
    • Subsidize 50% of the office rent
    • Subsidize 50% of the communication fee
    • Subsidize part of the air transportation fee
  • Period: 3 years
Rental fee is extremely low compared to Tokyo and Osaka.

2)Assistance for business development

WInC provides an opportunity to match with leading companies and venture capitalists in Japan.

  1. Can have hands-on support from the “startup support team” (if you won at a pitch event).
  2. The “Wakayama acceleration program” provides an opportunity to collaborate with venture capitalists and leading companies.

3)Opportunities for “pilot experiments” and “technology demonstrations”

Support from:

  • Wakayama Prefecture

Target company:

  • A company that has an office in Wakayama (head office or branch)

Subsidy rate:

  • A maximum of two-thirds of the cost

Maximum price:

  • Less than JPY 20 million per project (project to be completed within 3 years)

Example of an adopted project:

  • Auto-bike rental project by Glafit Inc.

4)Introducing the “Industrial Technology Center of Wakayama Prefecture”

Industrial Technology Center of Wakayama Prefecture:
A research institute aimed to support local industries, offering technical support to companies in Wakayama. Tenants of WInC can utilize this facility.　　　　　　　　　　

  • Introducing the Open Lab：
    • Smart Chemical Manufacturing
    • 3D Smart Manufacturing
    • Food Processing
    • Leather and Textiles
    • Automation Promotion
  • Services:
    • Free: Technical consultation and technical coaching
    • Charged: Entrusted experiments, rental equipment, receiving trainees, dispatching researchers, entrusted research.