As an additional objective, they decided that one-third of R&D expenditure should be publicly funded, with the other two-thirds coming from the business community. This target was one of the headlines of the Lisbon Strategy from 2000. Flanders translated this objective within the Flemish context through the so-called Innovation Pact. This pact was signed in March 2003, and it contains a formal engagement by all the actors involved in the Flemish research and innovation landscape to jointly reach this 3% objective by means of complementary efforts.
Chapter 2 Funding of R&D
-
Introduction
-
GERD
-
BERD
-
Non-BERD
-
GBARD
-
Estimate calculation method for publicly financed R&D intensity (1% objective)
-
The EU Framework Programma for Research and Innovation - Horizon 2020
-
EU Regional Policy Fund (ESIF) and R&D&I support