News Release (Sumitomo Corp.)
Jan. 20, 2012
Sumitomo Corporation Youth Challenge Program for the Revitalization of East Japan to Begin Inviting Applications
Sumitomo Corporation (Head Office: Chuo-ku, Tokyo; President and CEO: Susumu Kato) is announcing the launch of the Sumitomo Corporation Youth Challenge Program for the Revitalization of East Japan, which will provide support for young people, including university undergraduate and graduate students, who participate in activities aimed at rebuilding areas affected by the Great East Japan Earthquake.
Since the disaster, Sumitomo Corporation has provided assistance for reconstruction of the devastated areas through various humanitarian initiatives, such as monetary donations and sending relief supplies, and employee participation in volunteer disaster-relief activities. Aiming to support efforts for revitalizing local communities as well as helping young people develop into future community leaders, the Sumitomo Corporation Youth Challenge Program for the Revitalization of East Japan will provide subsidies of 50-100 million yen total per year for five years from fiscal 2012. Sumitomo Corporation also hopes this program will encourage Japan's youth to participate in the regional revitalization process through helping to rebuild the lives of disaster-affected people.
The new program's framework consists of an "activity and research" subsidy, which starts accepting applications today, and an internship program, which will begin accepting applications in April. The activity and research subsidy supports youth teams, circles and groups, as well as youth-oriented NPOs, in conducting activities or research that helps revitalize local communities in the affected areas of East Japan. Meanwhile, the internship program, which will be implemented with cooperation from the Civil Society Initiative Fund, aims to encourage young people to work as interns for NPOs that carry out activities in disaster areas.
Wishing for a quick recovery and full revitalization of the affected areas, Sumitomo Corporation will continue to provide long-term assistance for reconstruction efforts by supporting today's youth who participate in local revitalization activities.
Corporate Communications Department
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