Funding of science

Part of a series on
Science
Galileo demonstrating his telescope to the Doge of Venice.
General
Branches
In society

Research funding is a term generally covering any funding for scientific research, in the areas of natural science, technology, and social science. Different methods can be used to disburse funding, but the term often connotes funding obtained through a competitive process, in which potential research projects are evaluated and only the most promising receive funding. It is often measured via Gross domestic expenditure on R&D (GERD).

Most research funding comes from two major sources: corporations (through research and development departments) and government (primarily carried out through universities and specialized government agencies; often known as research councils). A smaller amount of scientific research is funded by charitable foundations, especially in relation to developing cures for diseases such as cancer, malaria, and AIDS.

According to the Organisation for Economic Co-operation and Development (OECD), more than 60% of research and development in scientific and technical fields is carried out by industry, and 20% and 10% respectively by universities and government.[1] Comparatively, in countries with less GDP such as Portugal and Mexico, the industry contribution is significantly lower. The government funding proportion in certain industries is higher, and it dominates research in social science and humanities. In commercial research and development, all but the most research-oriented corporations focus more heavily on near-term commercialization possibilities rather than "blue-sky" ideas or technologies (such as nuclear fusion).[2]

  1. ^ OECD Science, Technology and Industry Scoreboard 2015: Innovation for growth and society. OECD. 2015. p. 156. doi:10.1787/sti_scoreboard-2015-en. ISBN 9789264239784 – via oecd-ilibrary.org.
  2. ^ Taylor, R.A. (2012). "Socioeconomic impacts of heat transfer research". International Communications in Heat and Mass Transfer. 39 (10): 1467–1473. Bibcode:2012ICHMT..39.1467T. doi:10.1016/j.icheatmasstransfer.2012.09.007.