Abstract
In a theme invitation system, candidates for official support must have valuable technology with development potential as well as the capability to embody the technology in society. This type of system is used in many foreign countries, and it is also now spreading in Japan as well. The peer review method is a very useful technique for a theme invitation system. However, it can be further developed as there is still room for improvement. In this paper, the present status and problems of the peer review method as well its future direction are examined from a project management viewpoint based on the actual experience of utilizing peer reviews for project selection under a theme invitation system.