Cyberdyne secures grant for Ukraine reconstruction and advanced treatment center
Cyberdyne Inc. today announced its selection for a grant under the Ministry of Economy, Trade and Industry’s “Support for Ukraine’s Reconstruction and Strengthening Collaboration with Central and Eastern European Countries” program. The grant, totaling JPY 48,798,466, will support the "Demonstration Project for a Next-Generation Cybernics Treatment Center Combining Wearable Cyborg HAL, Neuroregenerative Medicine, and Epidural Spinal Cord Stimulation.” This initiative, in collaboration with UNBROKEN, the largest medical institution in Lviv, Ukraine, aims to establish an advanced integrated treatment center, contributing to the social reintegration of war-affected individuals and medical infrastructure restoration.
The project period for this grant-funded endeavor extends from the date of grant approval through September 30, 2028. Cyberdyne anticipates that the subsidy related to this project will be recorded as "Other Income" over the specified project duration. This strategic partnership underscores Cyberdyne's commitment to humanitarian efforts and the global application of its Cybernics technology.
This program, which falls under the FY2024 Supplementary Budget "Future-Oriented Co-Creation with the Global South" initiative, aims to support the rebuilding of destroyed infrastructure and energy supply stabilization in Ukraine and surrounding nations. Cyberdyne's involvement highlights its role in fostering innovative technologies and human resources to address critical societal issues, promoting a virtuous cycle of innovation.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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