Applications for the Tokyo Financial Award 2024 are now open!
The Tokyo Metropolitan Government, with the aim of making Tokyo an “Innovation and Financial Hub in Asia for Realizing a Sustainable Society,” is making effective use of the newly established “Special Zones for Financial and Asset Management Businesses” to promote initiatives that will position Tokyo as the leading city for sustainable finance, and as the city where global startups are born.
The Tokyo Financial Award 2024 recognizes initiatives that contribute to the creation of innovation in the financial sector, and that utilize the power of finance to achieve a sustainable society. The Tokyo Financial Award 2024 comprises the two categories of “Financial Innovation” and “Sustainability.” Applications are accepted for a wide range of initiatives in Japan and overseas. The application deadline for the former is Friday, August 30, 2024, and Monday, September 30, 2024, for the latter.
Financial Innovation Category
This is a business plan contest that recognizes ideas making use of the latest financial technology to offer solutions for the societal issues facing Tokyo residents and society at large. Applications will be judged from the perspective of the innovativeness of the idea, social impact, and feasibility.
Businesses that pass the preliminary screening (written proposal) will be provided with mentoring and additional support to refine their plan (about 15 applicants). Cash prizes (1st place: 10 million yen; 2nd place: 5 million yen; 3rd place: 3 million yen) will be awarded to the top three applicants in the final screening (presentation).
Sustainability Category
This award is presented for initiatives that contribute to the spread of sustainable finance on both the investment side and the business side. Applications will be judged from the perspective of originality and social impact.
Awards will be presented to the top three applicants following a preliminary screening (written proposal) and final screening (presentation). A separate “Green Finance Governor’s Special Award” will be presented for particularly outstanding initiatives in the area of green finance.
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