Tokyo VR Startups Incubation Program

Vision

Vision

-To contribute in improving the competitiveness of entire Japanese industry through accelerating open innovation of the virtual reality (VR) in Japan.
-To develop a business foundation and a better environment for the Japanese VR startup to compete in the global market by investing (seed funding), proving industry information, creating communities for developers.

Details of the program

Details of the program

1. 6 month-program
The participants will develop VR products and services for six months. (September 2016 to February 2017)

2. Development and business support
TVS will support the participants to accelerate their development.

3. Mentorship from experts
The participants can get advice from experts from Japan and abroad.

4. Demo Day
Demo Day will be held in November 2016 and February 2017. The participants can demonstrate their products and services in front of VC, investors, and industrial companies.

Our Support

Our Support

1. Financial Support
- TVS provides ¥5,000,000 - ¥10,000,000 of financial support for each development project.
- TVS will acquire a 5 % of the equity stake in the participant’s company.
- gumi Inc. will have the preferential negotiation rights for the next funding of the participants.

2. Development Environment
- During the program (September 2016 to November 2017), the participants can use TVS incubation center for free.
Back-Office services
http://www.incubation-center.com/center/hakozaki/
3. Other supports
Other supports for VR development will be provided for the special price.


Application Information

Application Information

1. Application period
- July 1 (Fri) to July 29 (Fri), 2016

2. Who should apply?
- Exceptional developers who have the worldwide vision and innovative idea in VR technology.

3. Requirements
- The participants are required to build up a prototype of VR product or services within six months of the program.
- The participants need to be a registered company, or non-registered individuals or teams.
* If participants are non-registered individuals or teams, the register of companies is required.
* The location of the company needs to be at TVS incubation center.
- Anybody is welcome regardless of age, sex, race, or nationality.
- The participants are strongly encouraged to join the events of TVS.


Outline of the program

Outline of the program

Application deadline (July 29, 2016)
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The participant selection (August)
After the selection by application documents, the applicants will have individual interviews. TVS will start the selection as the applications are submitted.
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The TVS incubation program starts. (September 2016)
The participants will conclude the participation contract and start their projects at TVS incubation center.
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Demo Day 1 (November 2016)
The participants will have an opportunity to demonstrate their VR products and services in front of TVS members.
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Demo Day 2 (February 2017)
The participants will have an opportunity to demonstrate their developed prototypes of VR products and services in front of VC, investors, and industrial companies.
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Further support
Depends on the possibility of commercialization, TVS will consider further support such as investment, business partnership, and productization for the participants.