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Govt to allocate 1.5% of GDP to R&D

By:  
Creamer Media Contributing Editor Online
 
R&D
Plans to increase gross domestic expenditure on research and development (GERD) to 1.5% of gross domestic product by 2019 are yet to be formally adopted, despite the target being incorporated in the draft strategic plan of the Department of Science and Technology (DST) and the 2014-2019 Medium-Term Strategic Framework. “The DST has evaluated the baseline GERD performance and estimated the required level of additional investment to achieve this target under various scenarios.
 
 
 
 
 

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