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fund·ing of sci·ence

Research funding is a term generally covering any funding for scientific research, in the areas of both "hard" science and technology and social science. The term often connotes funding obtained through a competitive process, in which potential research projects are evaluated and only the most promising receive funding. Such processes, which are run by government, corporations or foundations, allocate scarce funds. Most research funding comes from two major sources, corporations and government. Some small amounts of scientific research are carried out by charitable foundations, especially in relation to developing cures for diseases such as cancer, malaria and AIDS. According to OECD, around two-thirds of research and development in scientific and technical fields is carried out by industries, and 20% and 10% respectively by universities and government. Comparatively, in countries with less GDP, such as Portugal and Mexico the industry contribution is significantly lower. The US government spends more than other countries on military R&D, although the proportion has fallen from around 30% in the 1980s to under 20.

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