Japan’s GSAP Program Selects Top Companies for Global Acceleration

The Global Startup Acceleration Program (GSAP) in Japan has officially selected five companies to participate in its esteemed initiative, aimed at fostering innovation and growth for startups. This program, in collaboration with world-class accelerators, represents a significant opportunity for foreign entrepreneurs looking to expand their business in Japan. Understanding the implications of this selection is crucial for those seeking to navigate the Japanese market successfully.

Background & Context

The Global Startup Acceleration Program (GSAP) is a government-backed initiative designed to support innovative startups in Japan. Launched by the Japan External Trade Organization (JETRO) in 2020, GSAP aims to connect Japanese startups with global resources and expertise. The program has evolved through various phases, with the latest selection of five companies marking a significant milestone in its development. The initiative is part of Japan’s broader strategy to enhance its startup ecosystem, which has been gaining momentum in recent years, especially in sectors like technology and sustainability. The program is aligned with the Japanese government’s efforts to promote entrepreneurship and attract foreign investment, as outlined in the Startup Ecosystem Enhancement Act (Startup Ecosystem Suishin-hō) enacted in 2021. This act aims to create a more conducive environment for startups by providing financial support, mentorship, and networking opportunities. As Japan continues to strengthen its position as a hub for innovation, the GSAP program serves as a critical platform for both local and foreign entrepreneurs to thrive.

How This Affects Your Business in Japan

Item	Cost (JPY)	Cost (USD approx)	Notes
Company Registration	¥150,000	$1,000	Standard registration fee
Notary Fee	¥50,000	$350	For document notarization
Visa Application	¥4,000	$30	Application fee

1. Foreign Residents Already Operating a Business in Japan
For those already established, the GSAP program offers an opportunity to network with selected companies and potentially collaborate on projects. It is advisable to monitor the progress of these companies and consider partnerships or investments. Failure to engage could mean missing out on innovative trends and market opportunities.

2. Foreign Nationals Planning to Establish a New Company
If you are considering starting a business in Japan, the GSAP program highlights the increasing support for startups. It is essential to stay informed about the program’s developments and consider applying for future cohorts. Prepare necessary documents such as a business plan and financial projections. Not taking action could result in missed opportunities for funding and mentorship.

3. Foreign Investors Who Are NOT Residents of Japan
Investors should pay attention to the companies selected in the GSAP program as they may represent lucrative investment opportunities. Conduct thorough due diligence and consider reaching out to the companies for potential investment discussions. Inaction could lead to missed chances in a rapidly evolving market.

Step-by-Step: What You Need to Do

Step 1: Research the GSAP Program
Visit the JETRO website for detailed information about the program and its selected companies.
Office: JETRO (English Support: Yes)
Cost: Free (¥0)
Time: 1-2 hours
Pitfall: Overlooking key program details

Step 2: Prepare Your Business Plan
If you plan to apply for future cohorts, draft a comprehensive business plan outlining your objectives and strategies.
Office: Business Consultants (English Support: Yes)
Cost: Varies
Time: 1-2 weeks
Pitfall: Incomplete financial projections

Step 3: Network with Selected Companies
Attend events or webinars featuring GSAP participants to explore collaboration opportunities.
Office: Various Event Organizers (English Support: Typically Yes)
Cost: Free to attend
Time: Ongoing
Pitfall: Missing networking opportunities

Step 4: Consider Investment Opportunities
If you are an investor, reach out to selected companies for potential investment discussions.
Office: JETRO (English Support: Yes)
Cost: Varies
Time: Ongoing
Pitfall: Insufficient due diligence

Step 5: Monitor Regulatory Updates
Stay informed about changes in the startup ecosystem and related regulations through official government channels.
Office: Government Channels (English Support: Yes)
Cost: Free (¥0)
Time: Ongoing
Pitfall: Missing critical updates

Key Contacts
www.jetro.go.jp/en/
www.moj.go.jp/isa/
www.customs.go.jp/english/
www.nta.go.jp/english/

Expert Analysis: Japan vs. Regional Competitors

Metric	Japan	Singapore	Hong Kong	South Korea
Incorporation Time	14 days	3 days	5 days	7 days
Minimum Capital Requirement	¥0	S$1	HK$1	₩0
Corporate Tax Rate	30%	17%	16.5%	22%
Visa Processing Time	4 weeks	2 weeks	3 weeks	3 weeks

What to Expect Next

As Japan continues to evolve its startup ecosystem, stakeholders should keep an eye on upcoming legislative changes that may further enhance support for entrepreneurs. The government is expected to introduce additional funding programs and incentives in the next fiscal year, aimed at attracting more foreign talent and investment. Monitoring the progress of the GSAP program and its participants will provide valuable insights into the direction of Japan’s startup landscape. Key developments to watch for include announcements from JETRO regarding future cohorts and potential partnerships with international accelerators.

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Sources & References

This article is based on the following source and enhanced with professional analysis for foreign business owners.
Source: 世界トップアクセラと連携する「GSAP」、全5コース採択企業がついに決定

⚠️ This article is for informational purposes only and does not constitute legal advice. Please consult a qualified Japanese attorney (bengoshi) or judicial scrivener (shiho shoshi) for advice specific to your situation.