OREANDA-NEWS. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) (President: Nobuyuki Hirano) and Mitsubishi UFJ Research and Consulting Co., Ltd. (MURC) (President: Hidenobu Fujii) have established and begun accepting applications for M-EIR (MUFG Entrepreneurship in Residence), a program for fostering talented CEOs. The goal of the M-EIR program is to support talent who will lead global next-generation industries based on Japan's nascent advanced technologies.

Chosen applicants will be employed by MURC for two years to gain experience needed as a CEO and deepen their knowledge of nascent advanced technologies and global marketing through engaging in work at BTMU and MURC to support venture businesses. They will also be dispatched to Draper University (Silicon Valley), a training institution for entrepreneurs run by the Draper Venture Network, to work together with people aiming to launch ventures from around the world and nurture the required entrepreneurial spirit.

In February 2015 BTMU established the Industry Design Office, which aims to support key next generation industries over the medium- to long-term. This office invests in technology-related venture capital funds, etc. and has developed various types of financial and business support utilizing one of the largest networks among Japanese financial institutions. These initiatives primarily target sectors expected to become key industries for Japan, such as robotics and biotechnology.

Although Japan is fertile ground for nascent technologies expected to grow into global industries, through these activities BTMU realized that Japan has insufficient talented CEOs, prompting today's establishment of M-EIR with MURC.