Lendindex Selected to Exclusive ‘Invest Tokyo Program’

Invest Tokyo Program

The Tokyo Metropolitan Government (TMG) has been working with Accenture to attract highly innovative foreign companies in technology and other industries to increase its stature in Asia as an ‘innovation’ hub.  

The ‘Invest Tokyo’ program is one of a few core strategies created to revitalize Tokyo as a ‘Global Financial City’ in Asia and is a strong focus of the TMG to improve the business environment for innovative, foreign managed companies.

 

Program Scheme

TMG, with consulting support from Accenture, selects about 10 innovative companies (5 per half-year) to provide funding and support to establish an innovative presence in Tokyo.

On behalf of the TMG, selected innovation companies will receive fully funded, tailored consulting plan to assist with a complete support overview of the entry strategy into Japan, including, but not limited to:

  • Identifying the ideal business model to establish a business in Japan
  • Identification of potential data partners, companies and investors
  • Formal business matching arrangements
  • Ongoing support

Assessment Process

All innovation candidates that were in consideration for the program, were subject to an extremely detailed analysis by Accenture. Hundreds of hours of business strategy questions, documentation, data assessment, technology assessment and scenario analysis were conducted by both Accenture and Lendindex staff to finalize the formal proposal to the TMG.

Result

On November 1st 2018, Lendindex was one of a few Fintech companies worldwide to have been accepted to the Invest Tokyo 2018 Fall Program.

The Accenture support model, analysis and reporting started on November 5 and will continue through the end of 2018, where formal introductions between Lendindex and investors, partners, etc.. in Tokyo will commence.

The selection to this prestigious program not only validates the Lendindex business model on a global forum, but also provides valuable expert insight into entering new, and challenging business scoring and loan matching markets.