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Islam Analysis (16): Specialist R&D funds need rethink

April 11, 2012 - 3:56 pm | No Comment

By:Athar Osama

10 February 2012 | EN

Specialist R&D funds levied on business must build organisations that offer short-term benefits through a clear strategy, says Athar Osama.

Just under a decade ago countries in the Organisation of Islamic Cooperation (OIC) signed a science vision 1441 (which coincides with year 2020). Collective spending on research and development (R&D) in the Islamic World was a mere tenth of what the developed world spent. Since then, some progress has been made to increase investment.

But the strong political will needed to undo science under-funding in the Muslim world has been extremely hard to find.

Most OIC members suffer resource constraints that are exacerbated by policy instability, poor governance, and endemic corruption. Faced with the challenge of choosing between the ‘real’ needs of healthcare, literacy, and social welfare, and the ‘promised’ benefits of science, the latter has often cut a sorry figure.

For some time now, several countries have been experimenting with using dedicated R&D funds to get around this problem. But the funds’ performance leaves much to be desired. It’s time for a re-think.

Read the full story »

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Previously in Islam Analysis:

Islam Analysis (24): Building a healthy innovation ‘ecosystem’ | September 12, 2012 - 12:08 am
Islam Analysis (23): It’s time to innovate for the poor | August 9, 2012 - 12:14 am
Islam Analysis (22): Overcoming barriers to innovation | July 12, 2012 - 12:23 am
Islam Analysis (21): The mobile route to a high-tech future | June 13, 2012 - 12:40 am
Islam Analysis (20): Knowledge economies remain elusive | May 18, 2012 - 12:30 am
Islam Analysis (18): Discover what drives efficient innovation | April 25, 2012 - 10:53 am
Islam Analysis (17): Reviving a culture of entrepreneurship | April 11, 2012 - 3:59 pm