R&D and Innovation Subcommittee Compiles its Interim Report 2020 Titled “Toward Creation of Innovations as a Source for Generating Value from Future Demands”

1. Background

Japan has been failing to create new industries in such fields as IT, facing shrinking sources of income even in fields in which it boasts competitiveness, as emerging countries have been catching up with Japan. In addition, it is also facing a new paradigm resulting from stagnation of economic activities and structural changes, which are caused by global expansion of the novel coronavirus disease.

Against this backdrop, Japan should now tackle “creation of innovations as a source for generating new value from future demands” from a long-term viewpoint, taking advantage of the current state where global society is reaching a paradigm shift. To achieve this and also to convert this crisis into an opportunity and build momentum for accelerating social reform at once, the subcommittee compiled recommendations on actions that Japan should take under a framework led by the private enterprises, with concerted efforts by universities and the government, while also taking into consideration overseas trends.

2. Composition of the interim report

1. Introduction
2. Accelerating creation of innovations as a source for generating value from future demands
   - World in change; impacts caused by the novel coronavirus disease
   - Need for taking actions in light of the current situations of other countries
   - Need for creating innovations as a source for generating value from future demands
3. “Industrial Technology Vision” (R&D investment focusing on important fields towards Intellectual Capitalism Economy)
4. Enhancing companies’ research abilities that achieve generation of value from future demands
5. Expectations for the respective stakeholders (the government, companies, universities and national R&D institutes)
6. Conclusion

Related documents

• Interim Report 2020 Titled “Toward Creation of Innovations as a Source for Generating Value from Future Demands” (Summary) (in Japanese) (PDF:1,362KB)
• Interim Report 2020 Titled “Toward Creation of Innovations as a Source for Generating Value from Future Demands” (Full Text) (in Japanese) (PDF:2,035KB)
• Interim Report 2020 Titled “Toward Creation of Innovations as a Source for Generating Value from Future Demands” (Reference) (in Japanese) (PDF:4,400KB)

Division in Charge

Policy Planning and Coordination Division, Industrial Science and Technology Policy and Environment Bureau