Abstract:
The scientific and technological progress of a country depends vastly on the government’s
actual approach towards promoting these factors. The right to development, a human right
of the people of a country which is expected to be recognized and upheld by direct
intervention of government, can also be achieved, to a certain extent, through the
government’s direct involvement in the promotion of research and development (R&D).
In one way, advancement of science and technology could be accelerated by promoting
R&D in the private sector by means of liberalization of tax principles, providing
incentives and encouragements to local and foreign investors and investments, imposing
viable and firm intellectual property right system etc. In another way, promotion of R&D
of a country can be expedited by providing government funds to state- run research
institutions and universities which are traditionally molded on the conventional research
system that does not basically encourage patent oriented researches or market and industry
oriented inventions. Effective handling of public funded research by these institutions will
further help to build up university-industry cooperation, patent oriented research
environment in universities and cooperative research culture among university academics
and national/international research institutions and industries. Having a system for
ownership and licensing of patents on outputs of public funded research is a topic that has
resulted in much debate among both developed and developing countries today.
