Research and Innovation Strategy of Slovenia 2011-2020

7 Appendices7.1 Approximated funding for RISS implementationThe basis for the RISS for 2011-2020 should be the awareness that spending money forR&D is not primarily a cost but an investment which is expected to increase the value ofthe invested funds by several times in the long term. A well-coordinated and targetedapproach to providing adequate support to R&D activity is required for Slovenia’s longtermcompetitiveness and building a knowledge-based society.The RISS follows an ambitious goal of combining scientific, development and innovationactivities, which is in accordance with the EU strategy – Europe 2020. The key measuresof the proposal are also financially evaluated while others are primarily normative, andtheir direct financial impact is insignificant. The basis for financial planning is to channel1% of public funding into R&D until 2012 and then 1.2% until 2020. Increased publicfunding will also enhance multiplier effects in the private sector, where we want toincrease investments in R&D and gradually achieve the target investments in R&D in theamount of 2.4% GDP until 2020 by means of by systemic and financial incentives.The resources to achieve the target goals are anticipated from an intense increase ofnational funds, and notably by a significant increase of investments in R&D throughEuropean cohesion funds. Strategic documents and operational programmes for usingthese funds will therefore have to be adapted accordingly, since an important resourcefor funding this area will cease upon expiration of the existing financial perspective, andwill have to be replaced by new resources to the same or larger extent.Breakdown of required funding is shown in Table 7.1.Currentprices2011 2012 2013 2014 2015Nominal GDP in EUR37,226,883,41339,032,875,52141,466,300,10644,203,535,58647,117,748,333Resources for RISSimplementation577,423,975 580,557,184 590,000,601 620,000,056 650,000,2831% of GDP – targetfor investment inR&D until 2015**313,247,865390,328,755***414,663,001***442,035,356***471,177,483***ManagementHigh-quality researchin the public sectorInternationalcooperation12,257,074 12,328,020 12,478,000 12,701,000 13,420,000138,471,130 165,446,225 165,753,601 175,603,056 185,722,28319,593,631 19,230,922 20,184,000 21,228,000 22,270,000Human resources 52,730,169 60,462,461 60,262,000 63,379,000 66,496,000Specialization 150,298,363 117,967,149 117,906,000 120,177,000 127,448,000Research infrastructure 25,029,722 41,029,722 45,214,000 52,863,000 60,512,000