Promotion of Scientific and Technological Research

Employment of recognized scientists, engineers, and technologists for the training of promising researchers.
Acquisition of necessary scientific, engineering, or technical equipment and supplies.
Contracts with private entities for research that cannot be undertaken by government laboratories and agencies.
Provision of travel grants, aid for research, and participation in international scientific conferences.
Organization of international scientific and technological conferences in the Philippines and establishment of international exchanges of information.
Establishment of an industrial research and training center at the University of the Philippines.

Allocation of additional funds for expansion and improvement of research institutions.
Designation of specific research agencies with special projects, including:
- University of the Philippines Industrial Research and Training Center focusing on textiles, pulp and paper, coconut products, and industrial research.
- National Scientific and Industrial Research Institute focusing on the scientific library, laboratory facilities, electrometallurgy, and ceramics.
- College of Pharmacy conducting research on drugs from Philippine medicinal plants.
- Science Foundation of the Philippines promoting science consciousness.
- College of Agriculture focusing on agricultural breeds and disease control.
- Institute of Nutrition enhancing nutrition research and surveys.
- Department of Health conducting research in antibiotics, toxoids, immune plasma, plasma expanders, and gamma globulins.

"Scientific, engineering and technological researchers" refers to individuals conducting studies or investigations aimed at acquiring or discovering new knowledge, principles, processes, or information related to science, engineering, or technology.

Established under the Office of the President.
Composition includes representatives from key scientific, educational, industrial, and governmental organizations.
Presiding officer appointed by the President with Commission on Appointments consent, must not chair other government boards.
Executive director appointed by the President on a full-time basis.

Organize technical and secretarial staff; detailed budget appropriated for salaries, operating expenses, and equipment.
Coordinate government research projects to avoid duplication.
Release and administer funds exclusively for the purposes of this Act.
Supervise and regulate research projects financed under the Act.
Acts as the Board of Directors for implementing research activities.

Special fund known as the Scientific, Engineering and Technological Research Fund created with initial appropriations of:
- ₱4,500,000 for the first year.
- ₱2,380,000 for the second year.
- ₱2,250,000 for each of the third to fifth years.
Unexpended funds remain in the research fund and do not revert to the General Fund.
Grants, donations, or aids received for research are tax-exempt and included in the Fund.

The National Science Board exclusively manages the expenditure of the research fund for activities specified in the Act.
Annual report required to be submitted to the President of the Philippines, President of the Senate, and Speaker of the House of Representatives.
Report includes progress on projects, planned activities for the coming year, and financial status.