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Other Disclosures2158FRONTEO,Inc.Information and Communications, Services and Others

FRONTEO selected for the Tokyo Metropolitan Government’s “Next Edge Tokyo” program to support the growth of mid-sized companies

FRONTEO was selected as a recipient of support under the Tokyo Metropolitan Government’s “Next Edge Tokyo” support program for the growth of mid-sized companies. The company will use the program to expand the functions of its “Drug Discovery AI Factory” AI drug discovery support service, strengthen its research and development structure, and expand industry-academia collaboration.

Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
100000000
Japanese yen (subsidy cap per company; subsidy rate: one-third)
Wording
Conditional
How definitive the wording is.

Announced details

Drug Discovery AI Factory(DDAIF)KIBIT
Applicable field (uses covered by this announcement)
AI drug discoveryPharmaceutical Research and DevelopmentLife Science
What the company reported numerically
Usage history

Used by multiple major pharmaceutical companies (number of companies not disclosed)

Relationship between the counterparty and the company
FRONTEO,Inc.2158
Relationship with the Company

FRONTEO was selected for a support program implemented by the Tokyo Metropolitan Government.

CounterpartyTokyo Metropolitan Government

The entity implementing a support program aimed at promoting the rapid growth of mid-sized companies in Tokyo and revitalizing industries in Tokyo. Its location, representative, capital and year of establishment are not disclosed.

Registration number and expiry date

A total of 21 patents obtained in Japan, Europe, the United States and South Korea (individual patent numbers and expiration dates are not disclosed)

Location (as indicated in this announcement)

Minato-ku, Tokyo (FRONTEO headquarters), Collaborative research center with Institute of Science Tokyo (location not disclosed), KIBIT AI Biology Lab (location not disclosed)

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Source (materials cited by the company)

Tokyo Metropolitan Government “Next Edge Tokyo” Official Website

Announced details
ItemDetails
Names of Products / Services CoveredDrug Discovery AI Factory(DDAIF), KIBIT
CounterpartyTokyo Metropolitan Government
Counterparty overviewThe entity implementing a support program aimed at promoting the rapid growth of mid-sized companies in Tokyo and revitalizing industries in Tokyo. Its location, representative, capital and year of establishment are not disclosed.
Relationship with the CompanyFRONTEO was selected for a support program implemented by the Tokyo Metropolitan Government.
Applicable areaAI drug discovery, Pharmaceutical Research and Development, Life Science
Registration number and expiry dateA total of 21 patents obtained in Japan, Europe, the United States and South Korea (individual patent numbers and expiration dates are not disclosed)
LocationMinato-ku, Tokyo (FRONTEO headquarters), Collaborative research center with Institute of Science Tokyo (location not disclosed), KIBIT AI Biology Lab (location not disclosed)
Usage historyUsed by multiple major pharmaceutical companies (number of companies not disclosed)
SourceTokyo Metropolitan Government “Next Edge Tokyo” Official Website
Items this document does not state (9)
Contract ValueOffering priceContract DateLaunch dateAward/certification nameAwarding / certifying bodyLocation scaleQuantitative EffectsImpact on Business Performance

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To address the need to discover highly novel drug discovery targets and improve the efficiency of research and development amid longer drug development timelines and rising research and development costs.

How to read this page

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FRONTEO selected for the Tokyo Metropolitan Government’s “Next Edge Tokyo” program to support the growth of mid-sized companies | FRONTEO,Inc. (2158) timely disclosure | Komori