What does NFEC do for strategic investment?
Reluctance to lend or borrow research equipment has often entailed overlapping purchasing practices or premature replacement with new equipment. Because of this, national R&D budgets often have not been implemented appropriately.
NFEC embarks on preliminary Feasibility Studies (F/S)01 of the equipment for at the time of undertaking national R&D programs, and established a deliberation system for research equipment. The system has been developed into online RED02. NFEC manages and supervises government ministries in their R&D projects through deliberation at both the budget formulation stage and the execution stage as well. It keeps track of omissions from deliberation and implementation of the resolutions for management and evaluation purposes. It has prepared a NFRM03for future large-scale research facilities to be constructed according to national R&D priorities, and has provided important data on the national R&D investment policies by publishing its annual survey and analysis report04on the status of investments in national research facilities and equipment.