Spirethoughts
Spire's six most recent Spirethoughts.
Drones are delivering medicine in Africa
Nigeria has entered the AFCFTA African free trade agreement, increasin...
IT investments to pour into India’s healthcare sector
The European Union-Vietnam Free Trade Agreement (EVFTA) is set to open...
Deploying Industry 4.0 technology to mitigate climate change
Will compost turn out to be the magic mineral for African agriculture?
Indonesia focuses on R&D as a key economic driver
Indonesia has made strong commitments to focus on R&D and plans to increase investments to 3% of its GDP. Indonesia will also be providing tax incentives, trade incentives and technical assistance to private, state-owned companies and cooperatives that will allocate a percentage of their profits to research purposes.
The government is encouraging the advent of R&D projects to improve ICT infrastructure, further develop telecom-based internet protocol and digital-based multimedia broadcasting.
Under the “President’s Initiative 1 – 747”, the government has also decided to allocate 1% of GDP for research, as well as 0.2% of GDP for R&D in the education sector.
What is to be seen now is whether Indonesia can successfully collaborate with R&D firms and attract fund inflows to further boost its R&D sector.