Funding of science

Abstract

Research funding is a term that generally encompasses any funding for scientific research in the areas of natural science, technology, and social science. While different methods can be used to disburse funding, the term generally connotes funding obtained through a competitive process, in which potential research projects are evaluated, with only the most promising and economically viable receiving funding. Usually, it is measured through gross domestic expenditure on research and development (GERD). GERD includes R&D performed within a country and funded from abroad but excludes payments for R&D performed abroad.

Wikipedia