Multicriteria-based procedure as decision support in the selection of government financed R&D projects

A country’s innovation policy is supposed to reflect its aspirations and potentials in technology development. The Technology Development Department (TDD) of the Ministry for Science and Technology of the Republic Servia (MST) is responsible for creating and implementing the governmental innovation policy (GIP). This paper describes the application of a multicriteria-based evaluation and selection procedure of R&D project proposals submitted for financial support within the framework of the GIP. The basic problem encountered in this selection procedure was to define the criteria for evaluating project proposals, while technology development priorities were instrumentalized through these criteria. Results of the project proposal evaluation done for each of the criteria are aggregated in order to get a unique index of their overall quality, using the additive utility concept.