Science makes vital contributions to knowledge-based economies through generation of new ideas and technology solutions. Equally important is our ability to derive value from knowledge. In order to effectively exploit new technologies it is necessary to adopt stimulative policies in all relevant social segments. Among those segments, there are three key elements necessary for transformation of scientific discoveries into successful commercial products or services.

These are:

• An excellent and strong scientific base
• Appropriate sources of funding
• Adequate business and technology infrastructure