IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 13 Jun 2017 | Removal date: open ended

Capital injection and equity stakes (including bailouts)

On June 13th, 2017, the Innovation Network Corporation of Japan (INCJ) signed an investment contract with Japanese company "Dynamic Map Base Corporation" for a total value of 3.7 billion Yen (32 million USD). The investment relates to the R&D and creation of high-precision three-dimensional map data to be used for self-driving vehicle systems as well as promoting new business development.

About the Innovation Network Corporation of Japan (INCJ)
In 2009, INCJ was created as a public-private investment fund to financially support industries "next-generation businesses". INCJ supports projects that "combine technologies and varied expertise across industries and materialize open innovation.". According to the INCJ website, the fund has an investment capacity of up to USD 20 billion. Although characterised as a public-private partnership, in fact only 0.1 billion of the 2.6 billion USD invested in the fund was provided by the private sector. The rest came from the Japanese government. Of the 0.1 billion USD said to be contributed by private sector, 13.6 million USD was in fact provided by the Development Bank of Japan, a state-owned bank. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

811 Research & development in natural sciences & engineering

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