(Head office: Shinjuku-ku, Tokyo; President and COO: Shuichiro Takahashi; hereinafter referred to as "REVANES") has been selected by the ASEAN-Japan Economic and Industrial Cooperation Committee (AMEICC) for the "Project to Promote Overseas Expansion of Japanese Start-ups through Collaboration with ASEAN Companies".adoptionThe Japan Foundation has been promoting the overseas expansion of Japanese startups under the "Japan Startup Forum" (JFY2024). We are pleased to publish a PDF magazine summarizing our activities and achievements in FY2024.

In this project, Japanese startups considering business development in ASEAN countries will receive assistance with strategy formulation through individual mentoring, search for local partner companies, attend and give advice at interviews and business meetings with local companies, and provide advice for pitch events. As a result, the project aims to achieve concrete results in collaboration with ASEAN companies, such as joint projects, joint research, capital tie-ups, and the establishment of JVs. The project was divided into two regions, Singapore, Thailand, and Malaysia (hereinafter referred to as "Region a") and Indonesia, Vietnam, and the Philippines (hereinafter referred to as "Region b"). Ltd. provided support in region a and Deloitte Tohmatsu Venture Support Co.Ministry of Economy, Trade and Industry web page(Adapted from.)

Summary of results of activities in area a].

We held an open call for startups wishing to expand their business in Southeast Asia (Singapore, Thailand, and Malaysia) and received entries from 51 companies. After screening the applications, we conducted online interviews with 24 companies. After that, an external review organization (Mizuho Bank, Ltd., ,Japan Finance Corporation, ,HIROGIN GLOBAL CONSULTING PTE. LTD.After a comprehensive review based on the evaluations from the

We met with local institutions (government agencies, conglomerates, local SMEs, university researchers, investors, local start-ups, etc.) and provided support for specific business development through monthly meetings with each company. During the six-month period of our accompaniment, 13 companies signed a Memorandum of Understanding (MOU) for collaboration, 3 companies jointly applied for government-affiliated acceleration programs with local institutions, 1 company established a local subsidiary (2 more companies are preparing to establish subsidiaries), and others have started to build concrete local businesses. One company has established a local subsidiary (two more companies are in the process of establishment).
Of the 17 selected companies*, one company postponed the timing of its overseas expansion as a management decision due to financing, etc., and three companies decided to change the area of expansion after discussions with local institutions.

Summary of Project Activities and Results

• Business Background
• List of Adopted Companies
• Accompanying Policies
• Outcome Design and Distinctive Movements
• Message from the Ministry of Economy, Trade and Industry

Case study pages (for a total of 13 companies)

• Corporate Information
• Background of Overseas Expansion
• Target Countries
• Activities
• Results and future development
• Comments on this initiative, etc.