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 FAIS was founded on September 20, 1977, by the endowment of Federation of Economic Organization.

Toshio Doko, the first chairman
‘ This Foundation aims, with the cooperation of various institutions including universities, experimental research institutes, and private sector research organizations, to conduct and promote interdisciplinary research and development and international exchanges in order to contribute to the development of industry and the promotion of public welfare, and in doing so FAIS may also contribute to the advancement of cultural and academic science.’
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