Private funding

Private funding
Research and development is one of the biggest areas of investments made by corporations toward new and innovative technology.
Many foundations and other nonprofit organizations contribute to the development of technology. In the OECD, about two-thirds of research and development in scientific and technical fields is carried out by industry, and 20 percent and 10 percent respectively by universities and government. But in poorer countries such as Portugal and Mexico the industry contribution is significantly less. The U.S. government spends more than other countries on military research and development, although the proportion has fallen from about 30 percent in the 1980s to less than 20 percent.