To improve its competitiveness as a strong region within Europe, Flanders has affirmed its commitment to the European objective of spending 3% of its Gross Domestic Product (GDP) on Research and Development (R&D) by 2020
For more details see ‘Investigating in European Research. Towards 3% of GDP’.
This goal entails 1/3rd of the spending on R&D should come from public funding, and 2/3rd from private funding sources.
Progress in approaching this 3% objective is checked each year based on numbers obtained from the R&D Survey and the Innovation Survey. The breakdown of private versus public funding of R&D is checked, and the numbers of Flanders are benchmarked against those of Belgium as a whole, as well as those of other countries, both within and outside of Europe.