Japan's economic doldrums in recent years have triggered an outcry over the declining technological competitiveness of its industries, and the government has taken technology-promotion steps that would lead to the creation of new businesses or markets.
The government has set a legal framework for establishing an organization that would encourage technology transfers from academic circles to industrial sectors.
A special law aimed at reinvigorating Japanese industries incorporates measures modeled after the Bayh-Dole Act of the United States.