A second round of applications has opened for the Mitsubishi UFJ Financial Group Entrepreneurship in Residence program, which will look to foster talented entrepreneur CEOs.

Mitsubishi UFJ Financial Group (MUFG) group companies Bank of Tokyo-Mitsubishi (BTMU) and Mitsubishi UFJ Research and Consulting Co. (MURC) are looking to scope out talented entrepreneur chief executives (CEOs) for involvement in the MUFG Entrepreneurship in Residence program (M-EIR).

Successful applicants will spend two years in the program employed by MURC, where they are able to gain global experiences, gain specific insights into advanced technologies and marketing initiatives and work alongside BTMU and MURC. Draper University in Silicon Valley will also double as a training institute for the CEOs.

MUFG said it would aim to use the program and its graduates to stimulate the Japanese economy by driving talents in the start-up space and securing Japan a foothold in the growing Asian fintech market.

Both applicants from the first M-EIR program currently in the middle of their tenure work with BTMU in supporting venture start-ups.