One of the roles of academic research activities in universities and public research institutes is to conduct basic research that private enterprises cannot. As the outcomes of basic research usually lead to a wide range of application, they would contribute to innovation in corporations to implement economic and social impacts if properly managed. Then, in the current system, are we making the best use of academic knowledge for innovation? Using quantitative data, the symposium addresses to what extent the outcomes of basic research are used for innovation in corporations, whether the current system in each region is valid for linking academic knowledge with innovation, and how we can maximize the impacts of public funding of scientific research on industrial innovation.