The Japanese nanotechnology market was worth $33 billion in 2005 and is expected to increase to more than $310 billion by 2030. Japan is leading the world in nanotechnology by fostering collaboration between companies and universities or research centres. This was underlined by the National University Corporation Law (2004) which freed Japanese universities from excessive governmental control and created the status of ‘National University Corporations’ that exist within the government structure but have administrative independency. Find out more about Japan's nanotechnology industry below.