In this paper, we propose a novel framework for technology policy aimed both for the generation and diffusion of new technologies. Based upon critical examination of related theories and practice of technology policy, we identify two major problems in current technology generation policy, and the segregated approach to technology diffusion policy from technology generation policy. To remedy these problems, we argue that two goals of technology policy of generation and diffusion should be integrated and synchronized via unified policy framework, and propose the conceptual configuration for policy implementation which can serve the desired objective.