The development project is known today as the Kobe Biomedical Innovation Cluster (KBIC) – Japan’s largest platform that bridges biomedical research with clinical applications. The cluster is divided into three zones: the medical complex, the biotechnological research and development zone, and the simulation area where the K computer, the world’s fourth-fastest supercomputer, is housed.

“The KBIC encompasses all aspects of the biomedical value chain in just one space, and constitutes a propitious environment for the development of the most innovative pharmaceuticals,” says Masao Kakiuchi, foreign investment group manager for the Kobe Enterprise Promotion Bureau. “We also support young entrepreneurs in the field of information technology (IT). By establishing an exclusive office for local and foreign start-ups in the centre of Kobe, we aim to accelerate innovations in IT and new technologies.”

Kobe offers several living and investment incentives for tourists and businesses. Various cultural lifestyles have been integrated into the neighbourhoods with the presence of international schools, religious facilities, ethnic cuisines and numerous tourism spots that enhance living conditions. Investors can also get administrative support from a single portal and enjoy fiscal incentives including a reduction of up to 90 per cent on fixed assets, urban planning and business office taxes.

With investments into Japan rising 181 per cent in 2014, and Asia accounting for more than half of the inflows, the Kobe City Government eyes more mutual tourism and business exchanges. It has continuing marketing campaigns in Hong Kong and Singapore, and welcomes cooperation with other rapidly growing East Asian and Southeast Asian cities.

“Kobe is an ideal location for Asian companies as it features all of the advantages and qualities particular to Japan,” Kakiuchi says. “Businesses have the opportunity to be near cutting-edge technology and academic pursuits. It is a city that is conducive to productive and comfortable living.”