Abstract
In order to obtain the best output of R&D projects sponsored by official funding agencies effectively and efficiently, proper setting and management of R&D objectives is of great importance. In this paper, the actual present condition to set objectives of R&D projects supported by an official funding agency was examined, quoting examples of New Energy and Industrial Technology Development Organization. As a result, it has been realized that there is still some room for improvements as to realization of precondition and background at the stage of setting of objectives, consideration of characteristics of projects, and necessity to set ambitious objectives and their flexible amendment. Then, an optimum way to set objectives and proper management for officially supported projects was proposed from the technological, economic, social and policy-making points of view.