Financing the Investment for Research and Development(<Special Issue>PROSPECTS OF THE THIRD PHASE OF THE SCIENCE AND TECHNOLOGY BASIC PLAN)

Abstract

While the Science and Technology Basic Plan states that the financing level of R&D in Japan is far behind that in the U.S. and Europe, the national finance urgently needs balancing. After identifying types of R&D projects that need public financing, the author proposes to maximize financial efficiency by supporting the detailed planning of an R&D project with market research and evaluation of profitability on the project outcomes, along with an effective financing strategy.