Abstract:

The funding practice of research today is allocated based on the real performance where it has become one of the major components of the funding mechanism in order to encourage R&D excellent. Research and development (R&D) is the basis of technology advancement for future developments in any field. The goal of research funding is clearly to finance the development of new ideas and technologies which include a wide spectrum of any research areas. The range covers all the research areas from the basic research in natural sciences, new technologies, information and communication technologies, environmentally friendly sustainable development, and research funding at Higher Education Institutions (HEIs) to support the transfer of the latest and recent innovation and technology.