Science & Technology Fund disburses MOP52 mln in Q3

The Science and Technology Development Fund (FDCT) disbursed a total of MOP52 million (US$6 million) in financial support between July and September, according to a dispatch in the Official Gazette yesterday.
The Fund gave out MOP46 million in support of science and technology projects and MOP5 million for education to promote science.
Among the beneficiaries, the University of Macau received the biggest total amount of financial support, some MOP27 million, representing 52 per cent of the total financial support awarded by the Fund during the period.
The subsidies for the University were for a wide range of research activities such as medical development to cure cancer, and genealogical studies.
During April and June, the FDCT disbursed MOP9.7 million whilst around MOP340 million was given by the Fund in 2014 in support of local science and technological development.