Nisshin City, Aichi Prefecture: Subsidy for the development of new products in Nisshin City (FY2019)

This subsidy program supports new product/service development and improvements to existing products by businesses in Nissin City, aiming to revitalize the local economy and strengthen competitiveness among local businesses. Eligible applicants include SMEs and small-scale business operators (including sole proprietors) operating in Nissin City. Subsidized expenses include prototyping costs, design fees, materials, machinery, and equipment; the maximum grant amount and subsidy rate are defined in the program rules. Key requirements include development of genuinely new products/services or significant functional improvement and value-addition to existing products, with commitment to ongoing business operations in the city. Verifying the FY2024 application period and early submission with necessary documents (business plan, quotes, etc.) are crucial for successful application.