Research development funds are generated from the GDP. Usually 1.5% to 3 % of GDP will be assumed for these research and development funds. These Funds usually are used effectively for the developments to be made both in science and technology. There are several ways and people involved in the funding allocated for these research and development. The funding procedures and the percentages vary with the countries according to their values. There are various health research centers around the countries to avail these funds. Major amount of these funds are allocated to science than the technology world. The research funding focuses mainly on the innovations to be made on the medical field. There are many diseases, which need medicines to be found for their cure.
Since in recent days, there is large advancement in technology than in the medical and other science fields. When these funding are allocated accordingly, they have to pass through various categories, to be approved.
The processes are followed by the scientists and for the scientists to approve the projects that need the funds. There are several projects that are not of importance. So these things have to be decided by the scientists. But they do need to have an agency to back them up throughout the course of the project with financial support. So normally these agencies are the one, who receives these funds. The processes are supposed to be lengthier as there are lots of processes involved in the approval. The approval itself can cause the agencies to conduct some series of tests and works to take into action. The background for the researchers and the facilities they have are very important to be considered, when it comes to proper fund allocation.
The specific need of the projects and other needs of the projects are explained and taken into consideration. There are many inquiries taken on the part of the project and they do have some proper arrangements for the initial processes. The need of the project in the time accordingly is to be considered. The outcome of the project, that seeks the funding, is also known by the scientists who approve those projects and also the fund officers are responsible for these things. The total time needed for the completion of these projects and the scientific outcome of these projects are also inquires before sanctioning the funds.
There are several rules are regulations to be followed, by the field related projects to be get sanctioned. And there are several things to be taken into account such as the projects should be chosen when it matches the scientific regulations of the country.