Scinet Company has received a grant from METI that is specifically tailored for SMEs that are engaged in the research and development of “next generation” technologies. METI has been providing this grant with an effort to spearhead the growth of new technologies with the objective for Japan to maintain its globally competitive status. The following privileges are provided to recipients of this grant as cited below:
(1) Qualified for special loans issued by Japan Finance Corporation, a special lending facility
(2) Reduced patent costs – Reduction of royalties –
(3) Credit guarantee will be solid. – Exceptions for Small and Medium Enterprise Credit Insurance Law –
(4) Special Provisions for investment funds – Small Business Investment Corporation Act
(5) Increased loan limit for industrial equipments
(6) Increased bidding opportunities where SMEs are qualified to bid with higher priority