ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Japan to set up $450m fund to subsidize young scientists

About 700 researchers will each receive $64,000 a year for up to a decade

Universities will also receive subsidies to help them improve their laboratories and other facilities. (Photo by Ken Kobayashi)

TOKYO -- The Japanese government will set up a fund of about 50 billion yen ($458 million) to provide young researchers with financial security and kick-start a new round of technological innovation.

The plan is to provide an average of 7 million yen to individual researchers a year, expandable to about 10 million yen. The subsidies are meant for researchers age 40 and under, in principle.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more