Blue skies funding worthwhile, selection process has needless costs, Motu says

By Pattrick Smellie
Oct. 2 (BusinessDesk) - Government spending on 'blue skies' research could be increased without lessening the value of the increased output, but current funding selection processes are almost certainly adding cost for no good outcome, economic consultancy Motu says in a report.
Motu researched the outcomes from some 1,263 research projects that went to second-round evaluation while seeking financial support from the Marsden Fund between 2003 and 2008.
Marsden is the government's primary fund for pure, or 'blue skies...
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