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Japan Kicks Off $366m Bioventure Support Program

Up To $73m Per Project

 
• By Lisa Takagi

A new state-supported scheme is to provide funding for R&D programs at Japanese bioventures, with up to JPY10bn available for each project. Eight selected VCs will fund one-third of the total, with the government to provide the rest.

Japanese bio ventures
Japan provides bioventure support to enhance drug development capabilities • Source: Shutterstock

Japan has opened up applications from domestic bioventures for support under a national funding program with a total budget of JPY50bn ($366m).

The initiative, supported by the Strategic Center of Biomedical Advanced Research and Development for Preparedness and Response (SCARDA), aims to assist the R&D and commercialization of projects which can

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