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Other Disclosures3660istyle Inc.Information and Communications, Services and Others

istyle selected by the Tokyo Metropolitan Government’s TIB CATAPULT innovation program as the cluster lead organization for the beauty and wellness industries

The beauty and wellness cluster “J-Beauty & BeautyTech Global Gateway,” for which istyle serves as the representative operator, has been selected for the Tokyo Metropolitan Government’s TIB CATAPULT program. In collaboration with multiple companies, the cluster will launch initiatives to identify and develop Japan-based startups and support their commercialization and overseas expansion.

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Announced details

J-Beauty & BeautyTech Global Gateway@cosme
Applicable field (uses covered by this announcement)
BeautyWellnessHealthcareFashionCosmeticsBeauty servicesStartup commercialization, mass production and overseas expansion
Relationship between the counterparty and the company
istyle Inc.3660
Relationship with the Company

As the cluster’s representative operator, istyle will enter into an agreement with the Tokyo Metropolitan Government and oversee and operate the initiative. Together with the participating companies, it will form the cluster and jointly support startups.

CounterpartyTokyo Metropolitan GovernmentATOUT Partners株式会社アンズコーポレーションigniteXL VenturesAnyMind Group 株式会社Shiseido Company,Limited株式会社シロク株式会社 NOVARCABEAUTY GARAGE Inc.株式会社ポーラ・オルビスホールディングスMandom Corporation

The Tokyo Metropolitan Government is the local government operating TIB CATAPULT. The participating companies listed comprise 2 US companies and 10 companies including cosmetics companies, manufacturers, venture capital firms, accelerators and retailers; detailed company profiles are Not disclosed.

Awarding / certifying body

Tokyo Metropolitan Government (selection under TIB CATAPULT)

Location (as indicated in this announcement)

Tokyo (the cluster will be formed in Tokyo)

11 participating companies
Impact on Business Performance

No impact on results is stated

The company does not address Contract Value / Offering price.

Source (materials cited by the company)

The Tokyo Metropolitan Government’s “Cluster Creation Project to Challenge Global Innovation (TIB CATAPULT)”

Announced details
ItemDetails
Names of Products / Services CoveredJ-Beauty & BeautyTech Global Gateway, @cosme
CounterpartyTokyo Metropolitan Government, ATOUT Partners, 株式会社アンズコーポレーション, igniteXL Ventures, AnyMind Group 株式会社, Shiseido Company,Limited, 株式会社シロク, 株式会社 NOVARCA, BEAUTY GARAGE Inc., 株式会社ポーラ・オルビスホールディングス, Mandom Corporation
Counterparty overviewThe Tokyo Metropolitan Government is the local government operating TIB CATAPULT. The participating companies listed comprise 2 US companies and 10 companies including cosmetics companies, manufacturers, venture capital firms, accelerators and retailers; detailed company profiles are Not disclosed.
Relationship with the CompanyAs the cluster’s representative operator, istyle will enter into an agreement with the Tokyo Metropolitan Government and oversee and operate the initiative. Together with the participating companies, it will form the cluster and jointly support startups.
Applicable areaBeauty, Wellness, Healthcare, Fashion, Cosmetics, Beauty services, Startup commercialization, mass production and overseas expansion
Awarding / certifying bodyTokyo Metropolitan Government (selection under TIB CATAPULT)
LocationTokyo (the cluster will be formed in Tokyo)
Location scale11 participating companies
Impact on Business PerformanceNo impact on results is stated
SourceThe Tokyo Metropolitan Government’s “Cluster Creation Project to Challenge Global Innovation (TIB CATAPULT)”
Items this document does not state (8)
Contract ValueOffering priceContract DateLaunch dateAward/certification nameRegistration number and expiry dateQuantitative EffectsUsage history

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 support the commercialization, scaling and overseas expansion of Japan-based startups in the beauty and wellness sector, and to enable the Tokyo Metropolitan Government to provide focused support for technologies and industries with high growth potential.

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istyle selected by the Tokyo Metropolitan Government’s TIB CATAPULT innovation program as the cluster lead organization for the beauty and wellness industries | istyle Inc. (3660) timely disclosure | Komori