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Home > News > Spending on R&D increasing steadily, minister says

December 26th, 2007

Spending on R&D increasing steadily, minister says

The nation's expenditure on science and innovation is increasing steadily with a goal of spending 3 percent of GDP on research and development by 2010, National Science Council (NSC) deputy minister Yang Hung-duen (楊弘敦) said at a press conference on Tuesday.

The council revealed the results of its investigation into Taiwan's expenditure on science research and development (R&D) for last year, Yang told the media.

The meeting discussed the council's nanotechnology development plan, as well as a proposal of its energy development plan.

In terms of the NSC's nanotechnology advancements, Wu Maw-kuen (吳茂昆), director of the Institute of Physics at Academia Sinica, said development was proceeding in two stages, the first of which stretched from 2003 to 2009.

"Planning has begun for the second stage of nano development," Wu said, adding that, "the future focus would be on renewable energies, biomedical technology and energy conservation."


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