Fukuoka City has launched an initiative to intensively support 100 selected startups with the aim of achieving stock market listings. This new approach, announced by Mayor Soichiro Takashima on the 27th, shifts focus from broad support to concentrating resources on high-potential companies. The city plans to nurture businesses with a market capitalization target of ¥10 billion by 2029.
The Fukuoka Growth Next (FGN) program, based in a renovated former elementary school, will establish the Fukuoka Growth Network, gathering around 100 startups with a corporate value of over ¥1 billion. These companies will receive guidance on crucial growth aspects, including personnel matching and an acceleration program tailored to each firm’s needs.
In addition, the FGN’s Startup Cafe has enhanced its advisory services, adding experienced entrepreneurs to support companies aiming for IPOs. This initiative also involves Beta Venture Capital, which has committed to further investments in regional startups. Source: Fukuoka Growth Next
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