Innovation Policy Challenges

particularly among small to medium-sized enterprises (SMEs). The 
Japanese government has also taken several policy actions to 
facilitate such open innovation activities, in the hope that they spread 
nationwide to include large companies.
What is vital for Japanese firms is to incorporate into their technology 
management both of the key elements – maintaining expansive R&D 
activities that do not sacrifice future growth potential through open 
innovation, and breaking into new growth markets through 
“globalization”. 

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Contents 
INTRODUCTION............................................................................................. 4