In the past 20 years, Japan's innovation eco-system surrounding industries have been dynamically changed. The most eminent ones are various institutional development for facilitating collaboration among industries and academia for more co-working and co-creation, and encouragement of start-ups and other forms of open innovations. On the other hand, there is a view that "Disruptive innovation is stagnated in Japan compared with other countries," and it is true that US and European companies take an advantageous position in new business creation in the field of ICT, such as AI, big data, and Fintech, although some of their technologies are Japan in origin. Under such a circumstance, the authors summarize the current situation and challenges of Japan's innovation eco-system surrounding industries, for achieving important agenda such as Society 5.0, Sustainable Development Goals of United Nations, and activation of local economies, then compile policy implications and proposals.
