(212d) Role & Importance of Public Funding in Supporting R&D
AIChE Annual Meeting
2008
2008 Annual Meeting
AIChE Centennial: Chemical Engineering Education: Past and Future
Development of Chemical Engineering Curricula in the Coming Decades: Joint Program Between Iiche (Indian Institute of Chemical Engineers) and AIChE
Tuesday, November 18, 2008 - 9:45am to 10:10am
The level of expenditure incurred on research and development plays a significant role on the overall health and long term sustainability of the economy of a nation. Public funding plays an important role in supporting and sustaining research and development. The role is more direct and feasible in case of basic research carried out primarily in academic institutions. Nevertheless, the impact of public funding can also be established through an indirect correlation with the research carried out in research laboratories and in industries. Similarly, the role of public funding could be more critical in case of R & D activities in a developing economy than in a matured economy.
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