According to The Nikkei Asia, Japan will establish a 100 billion yen (US$ 875 million) fund to help accelerate research and development of advanced technologies and enhance economic security, Nikkei has learned.
The government plans to kick off the fund next year. It will be the country's first fund dedicated to economic security. Investments will go into artificial intelligence and quantum technology, biotechnology, and robotics -- all of which have military applications.
The fund will be formed under Japan's New Energy and Industrial Technology Development Organization and the Japan Science and Technology Agency. Other areas -- fifth-generation networks, big data and semiconductors -- will be included.
Funds will be provided to universities and companies to promote research and development, demonstration tests and practical applications in fields the government deems crucial.
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