On June 6, 2023, the government's Intellectual Property Strategy Headquarters announced that it would set up a system that would allow Japanese universities to offer patents obtained jointly with companies to startup companies.
Under the new system, if a company that has conducted joint research does not develop a business using the technology for a certain period of time, the university, at its sole discretion, will allow a third party to obtain a license to use the patent.
The program is targeted to begin in FY2024, and will encourage the growth of emerging companies by allowing them to utilize cutting-edge technologies that have been jointly developed but remain dormant.