While chairing a meeting of ICT R&D Fund, the Minister of State for IT Anusha Rahman expressed government's firm resolve to ensure that industry contributed national ICT and R&D fund plays its assigned role in an appropriate way by fuelling research and target-oriented development within its mandate.
It was agreed in the meeting that research and development finances be spent on beneficial and result-oriented projects in a transparent manner by fulfilling all mandatory pre-requisites. While keeping in view the importance of having a professionally driven programme, the appointment of the permanent CEO, is critical and this process is at an advanced stage.
The minister further said that already mandated by Board a performance audit of all research projects funded by the company has been set in motion, which will help us to get maximum benefits out of past experiences and to help in setting future priorities. While reiterating emphasis on out-put based and commercially driven projects, the Board has already indicated priority of funding technology incubators, entrepreneurship development programmes and product driven collaboration between industry and academia. It was also agreed in the meeting that milestones set for disbursement of funds should be professionally evaluated before making disbursement to projects.-PR
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