The Japanese government will introduce tax breaks for firms or corporate venturing vehicles backing tech companies to support domestic open innovation practices.
The Small and Medium Enterprise (SME) Agency, an external bureau within Japan’s Ministry of Economy, Trade and Industry, has announced a fiscal incentive for corporate venture capital (CVC) investments.
The policy is intended to last for a year and is part of an open innovation promotion scheme set to come into force in the next fiscal year, which will begin in April 2020.
Japan-based firms or dedicated CVC subsidiaries investing over ¥100m ($910,000) in unlisted innovative companies less than 10…
