Along with Standage and Space Shift, it was selected for the 2025 revised “Global South Future-Oriented Co-Creation Project Subsidy (Study to Promote Overseas Infrastructure Expansion by Japanese Companies)”
*STANDAGE Co., Ltd.*
Press release: July 12, 2024
**
Along with Standage and Space Shift, it was selected for the 2025 revised “Global South Future-Oriented Co-Creation Project Subsidy (Study to Promote Overseas Infrastructure Expansion by Japanese Companies)”
*Starts demonstration to provide microfinance services in Nigeria* STANDAGE Co., Ltd. (Minato-ku, Tokyo, President: Akinori Adachi, hereinafter referred to as Standage), which develops and provides digital trade platforms, is Space Shift Co., Ltd. (Chiyoda-ku, Tokyo, Representative Director: Shigeo Kanemoto, hereinafter referred to as Space). Shift) and was selected for the 2025 revised “Global South Future-Oriented Co-Creation Project Subsidy (Study to Promote Overseas Infrastructure Expansion by Japanese Companies)”. The two companies will jointly promote the “Nigerian microfinance service demonstration project for farmers using agricultural land satellite information”.
* ■Background*
In Nigeria, where staple foods include cassava and yams and export sesame and cacao beans to other countries, approximately half of the population is said to be engaged in agriculture, forestry and fisheries.
However, it is difficult for small-scale farmers in Nigeria to purchase agricultural machinery due to economic reasons, and they are unable to obtain bank loans due to lack of credit.
As a result, they are forced to continue with inefficient manual farming, and are stuck in a vicious cycle of poverty.
To address this challenge, SpaceShift and Standage are jointly working to enable low-income farmers to access financial services such as microfinance and savings, promoting efficient farming and alleviating poverty. Since 2021, we have been working on building a service that contributes to the.
* ■Overview of demonstration*
In Nigeria, we will conduct a demonstration project to provide microfinance services for small-scale farmers by managing farmers’ credit using farmland satellite information.
We will increase the number of agricultural machinery handled by about 10 times compared to past demonstrations and confirm its usefulness through demonstrations on a larger scale.
Furthermore, while we are envisioning cash financing in the future, this time we will support increased yields by providing or renting high-quality agricultural machinery during production, and aim to realize a cycle of increased yields, reliable credit, and financing. .
* ■Role of both companies*
* Space Shift: * Analysis of images obtained from optical satellites and synthetic aperture radar (SAR) satellites using AI technology, and data on the growth status of agricultural crops
* Standage: * Management and jurisdiction over the entire supply chain, including procurement, storage, sharing, and after-sales maintenance of agricultural machinery and materials provided to Nigerian farmers.
* ■Reference information*
FY2020 revised “Global South future-oriented co-creation project subsidy (survey to promote overseas infrastructure expansion by Japanese companies)”
URL: https://gs-hojo-web.jp/
Regarding the selection results of indirect subsidy business operators related to the FY2020 revised “Global South Future-Oriented
Co-Creation Project Subsidy (Survey to Promote Overseas Infrastructure Expansion by Japanese Companies)”
URL:
https://www.meti.go.jp/information/publicoffer/saitaku/2024/s240628005.html
* ■About space shift*
Established in December 2009. “Sense the Unseen from Orbit”
”, we are developing software that uses AI to analyze data obtained from earth observation satellites and extracts a large amount of information with cognitive abilities that exceed that of humans. We aim to realize a sustainable society by utilizing satellite data in various fields such as infrastructure management, disaster prevention and mitigation, agricultural monitoring, and environmental
conservation.
Company name: Space Shift, Inc. (English notation: Space Shift, Inc.) Representative: Naruo Kanemoto, Representative Director and CEO Head office location: 6th floor, Otemachi Building, 1-6-1 Otemachi, Chiyoda-ku, Tokyo
Established: December 11, 2009
Capital: 638 million yen (including capital reserves)
URL: https://www.spcsft.com/
* ■About Standage*
Established in March 2017. With the vision of “realizing a world where all countries have equal access to everything,” we are developing a new trade settlement system that utilizes blockchain and stable coins. Our main market is Africa and other emerging countries, and we have established bases in four African countries, including Nigeria, and are developing our trade business with Africa. In addition to the trade settlement field, we develop and provide systems that realize market development, order placement, and international logistics DX, and we also support exports for small and medium-sized enterprises.
◇”DigiTrad” service official website: https://standage.co.jp/digitrad Established March 2017
Representative: Akinori Adachi, President and CEO
Capital: 608,568,500 yen (including capital reserve of 302,780,250 yen) URL https://standage.co.jp/