Keio University is one of the largest private universities in Japan. Professor Shuichi Matsumura of the Applied Chemistry Department is an expert on water-soluble polymers. There are six graduate students and six undergraduate students in his laboratory. Total research funds are ~$80,000 per year. He does not pay for salary and overhead, an amount equivalent to $400,000 at an American institution. The laboratory is extremely well equipped. In addition to standard polymer and organic chemistry research equipment, it also has BOD, total oxygen demand (TOD), and other equipment for fermentation and biodegradation studies.