*This is a machine-translated text of the original article.
Sharp Corporation announced that it had signed a partnership agreement with Tenri City, Nara Prefecture (Kansai region of Honshu island), regarding an incubation business to support the business development of startup companies.
This collaboration attracts startup companies to the Sharp R&D Center, Sharp’s R&D base, and supports tenant companies in cooperation with Tenri City.
Startup companies tenants can receive a partial subsidy (2 years) from Tenri City for occupancy costs, full subsidy (*) for occupancy costs for facilities for 6 months from Sharp, and advice on business development.
In addition, the company aims to create new businesses, attract companies, create jobs, and promote settlement in Tenri City, strengthen collaboration between the company and startup companies.
Since 2016, the company has been developing open incubation businesses, such as the Monozukuri Boot Camp and the Mass Production Acceleration Program.
Through these partnership agreements, the company aims to further strengthen collaborations with local governments and startup companies, further expanding applications, and accelerating expansion into other industries in order to build 8K+5G ecosystem and AIoT (Artificial Intelligence of Things) world, which the company is focusing on.
(*) It is necessary to enter into a tenant contract for 5 years.
Utility costs are borne by tenant companies.
Original Text: https://ampmedia.jp/2020/01/27/sharp/