The Norwegian Fund for Research and Innovation to be increased to 8,2 billion USD

March 18, 2005

The Government proposes that public funding of research be increased to one per cent of GDP.

This means that appropriations over the national budget, including the yield from the Fund for Research and Innovation, will grow in real terms by NOK 5.8 billion (950 million USD) until 2010. The Government will propose that an extra NOK 14 billion (2,3 billion USD) in capital be injected into the Fund for Research and Innovation in 2006, raising the total capital of the fund to NOK 50 billion (8,2 billion USD)

The White Paper outlines three general areas of priority in Norwegian research up until 2010: In addition to these general areas of priority, the Government will focus especially on: energy and the environment, health, oceans and food, and on three areas of technology - materials and nanotechnology, biotechnology and information and communication technology. These areas of priority largely represent continuation of current priorities in Norwegian research.

The Government also wishes to pave the way for increased private funding of basic research. This proposal means that gifts earmarked for basic research from either companies or private individuals will trigger the granting of an additional 25 per cent in public funding.

Increased R&D investments in industry

The White Paper announces a number of measures designed to increase research investments in Norwegian industry. New schemes include: Attractive careers for researchers Measures designed to make research positions at universities and university colleges more attractive: In order to secure quality and long-term skills-development in those institutes that are most exposed to competition, the White Paper announces increased basic grants to technical-industrial institutes and environmental research institutes.

The Research Council of Norway will be assigned extended responsibility for institute policy, and will, among other things, draw up proposals for new guidelines for central government funding of research institutes, including a new and more results-based funding system.
-end-


The Research Council of Norway

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