Institution guide

Support System

“Funds” to achieve dreams Fulfill your dreams at Tottori Bio Frontier!!

Tottori Prefecture only Biotechnology Venture Subsidies

Used by 4 companies in FY 2015.
Subsidies to assist drug discovery support venture companies and others

Support target

Costs required to create cells and other prototypes to meet the needs of drug development companies or to collect data to determine efficacy, for example.

Subsidy share 2/3
Subsidy limit 10 million yen
Screening Year-round

Financing and Interest Assistance for Biotechnology Industries

Biotechnology Industry Support Funds

Financial institutions loan funds to biotechnology companies to support business activities (after a screening by the financial institution)

Use of funds Operating funds, equipment funds
Credit line 100 million yen
Loan period Within 10 years for operating funds
(including 3 years for exceptional measures)
Within 15 years for equipment funds
(including 3 years for exceptional measures)
Finance rate 1.43% (annual, variable)
Credit guarantee, collateral, guarantor Determined by the Guarantee Association
Guarantee rate 0.45 to 1.08% (annual)
Repayment method Amortization equal repayment
Screening Year-round

Interest Subsidies for Biotechnology Industry Support Funds

Subsidy period Within 60 months of the month containing the date of receipt of the above Biotechnology Industry Support Funds loan
Subsidy amount An amount that is equal to or less than the total amount equivalent to the interest for repayment of the loan by the approved operator by the agreed deadline, supposing calculation based on an annual rate of 0.7% as stipulated by the loan agreement repayment conditions
Screening Year-round

Subsidies for Collaborative Research, Research and Development, and Market Exploration Activities

Subsidy to Support Investigations and Research and Development by Small- and Medium-sized Businesses in Tottori Prefecture (Research and Development Support Subsidy)

Support target Research and development costs
Subsidy share 2/3
Subsidy amount 5,000,000 yen
Length of project Maximum 24 months
Screening Several times a year

Next-generation Regional Resource Industry Development Project

Subsidy period Support for R&D and market exploration costs for basic needs-driven research by academic research institutes in Tottori Prefecture or for products and/or services that are essential for achieving collaborative research results or products and/or services made with Tottori Prefecture’s local resources
Subsidy share 2/3
Subsidy limit 10 million yen/year + 5 million yen for collaborative research (10/10 subsidy share)
Subsidy period 24 months
Screening 3 times a year

Subsidies, Loans, and Employment Support for Establishment of New Business Facilities

Subsidy for Establishment of New Business Facilities: Natural Sciences Institute / Engineer Training Institute

Subsidy period Support for R&D and market exploration costs for basic needs-driven research by academic research institutes in Tottori Prefecture or for products and/or services that are essential for achieving collaborative research results or products and/or services made with Tottori Prefecture’s local resources
Prerequisites Investment of at least 30 million yen, increase of at least 5 full-time employees (or at least 3 for small- and medium-sized businesses in the prefecture)
Subsidy amount limit 1 billion yen
Other subsidies Private line usage fees, room lease fees, labor costs, others

Exhibition Booth Support

Support for Tottori Bio Frontier tenants to display exhibits

Past examples “BIO tech” “Japanese Society for  the Study of Xenobiotics” “BioJapan 2013/2014”

Biotechnology human resources development seminars, certification support, others

Seminars are held throughout the year 15 seminars were held in FY 2014

  • Chromosome Engineering seminars such as the “Chromosome Engineering Technology Specialist Training Seminar”
  • “Biotechnician Training Seminars” taught by specialists
  • “Biotechnology Business Approach Training Seminars” taught by company founders and investors
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