(Nikkei: July 16, 2015 – p. 4)
In cooperation with local municipalities and banks, the Ministry of Economy, Trade and Industry (METI) will support local small and medium-sized businesses that have developed promising technology in order to attain global standards. By receiving certification from the International Organization for Standardization (ISO) or other organizations for innovative technologies that tend to remain in Japan, METI aims to expand the distribution channels of Japanese companies overseas.
In cooperation with local municipalities, banks, and credit unions, METI will launch a support organization as early as this summer. The ministry will hold seminars to explain the benefits of attaining international standards, as well as providing opportunities for METI officials to advise small and medium-sized companies on how to attain international standards. The ministry aims to make it possible for outstanding technologies developed by small companies whose staff members are not familiar with international standards to be appropriately evaluated by international organizations.
METI plans to target not the technologies developed by small and medium-sized businesses but the methods of evaluating those technologies. By setting international standards for the evaluation methods and not publicly disclosing the technologies that could be duplicated, small and medium-sized companies can attain international standards for their technologies.
Using international standards as leverage, small and medium-sized companies can expect to expand their businesses overseas where they are relatively unknown.