Industry & Commerce MANUFACTURING

Budgetary allocation towards R&D

In progress
Sep 2018

Govt commits 1% of GDP to research September 27, 2018

Government has committed 1% of gross domestic product (GDP) towards research and development (R&D) across all sectors of the economy, President Mnangagwa has said. R&D supports innovation, enhances product development, boosts competitiveness and puts the economy on a path to sustainable growth.

Government has set up a national innovation fund administered by the Ministry of Science and Technology Development to support research institutions and individuals with potentially innovative ideas.