3 Percent of GDP
Oslo - In a new White Paper entitled “Commitment to research” the Norwegian Government has outlined practical measures to increase research investments to 3% of GDP by 2010, with special focus among others on biotechnology. Raising public research investments to 1% of GDP, as specified by the Barcelona objectives, is seen as a first step. The Norwegian Fund for Research and Innovation's capital will be raised by Euro1,7 billion to Euro6 billion in 2006. Allocations for basic research of more than Euro600,000 will be granted an additional 25% of their total in public funding. Further measures include centres for research-driven innovation, a scheme whereby industrial scientists work towards doctorates, entrepreneurial grants for researchers wishing to commercialize their ideas, and new regional innovation centres.