Tokyo Metropolitan Government Launches “Tsugi no Tsugi” Program to Foster Second Foundings Through Business Succession
Tokyo, Japan – August 25, 2025 – The Tokyo Metropolitan Government today announced the commencement of its groundbreaking “Tsugi no Tsugi” initiative, a new program designed to support business succession and inspire “second foundings” within the capital. The program’s first phase, the Business Development Program (First Term), is now open for applications.
This pioneering initiative aims to revitalize existing businesses by facilitating their succession and encouraging the exploration of new business ventures, or “second foundings,” as a direct result of these transitions. Recognizing the critical importance of smooth business successions for the sustained growth and dynamism of Tokyo’s economy, the Metropolitan Government has developed “Tsugi no Tsugi” to provide comprehensive support to businesses facing succession challenges and to empower them to embark on new chapters of innovation and development.
The “Tsugi no Tsugi” program is structured to assist businesses in navigating the complexities of succession planning while simultaneously fostering an environment conducive to the creation of new business opportunities. This forward-thinking approach acknowledges that succession is not merely about transferring ownership, but also about seizing the momentum to re-imagine and reinvent the business for the future.
The Business Development Program (First Term) will offer a range of resources and support services tailored to assist businesses in this crucial transition. While specific details regarding the program’s offerings will be made available through official channels, the core objective is to equip successor businesses with the tools, knowledge, and guidance necessary to successfully inherit existing operations and to strategically launch new, innovative ventures.
This initiative underscores the Tokyo Metropolitan Government’s commitment to fostering a robust and adaptable business landscape that can thrive amidst evolving economic conditions. By supporting business successions and encouraging second foundings, the government aims to preserve valuable business expertise, create new employment opportunities, and inject fresh vitality into Tokyo’s diverse economic sectors.
Businesses in Tokyo that are either planning for succession or are successors looking to innovate and expand are strongly encouraged to explore the opportunities presented by the “Tsugi no Tsugi” Business Development Program. Further information regarding eligibility criteria, application procedures, and program benefits will be disseminated by the Tokyo Metropolitan Government. This initiative represents a significant step towards ensuring the continued prosperity and innovative spirit of businesses across Tokyo.
新規事業 事業承継を契機とした「第二創業」支援事業「ツギノツギ」事業開発プログラム（第一期）の公募開始！
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東京都 published ‘新規事業 事業承継を契機とした「第二創業」支援事業「ツギノツギ」事業開発プログラム（第一期）の公募開始！’ at 2025-08-25 01:37. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.