Scientific financial funding in Colombia from 2000 to 2012

This study evaluates trends in funding for Science, Technology and Innovation, Research and Development and COLCIENCIAS (Administrative Department for Science, Technology and Innovation) between 2000-2006 and 2007-2012. Available data from the World Bank, OCYT (Colombian observatory of science and technology), DANE (National statistics department), Banco de la República and COLCIENCIAS to evaluate funding source by sector (private, public and international), financial growth rate, financial expenditure, and activity related expenses from 2000 to 2012, and regression models to estimate financial trends. COLCIENCIAS funding increased in the past years; Science, Technology and Innovation, and Research and Development funding increased from $1,296.7 million US dollars in 2000-2006 to $2,766.4 million US dollars in 2007-2012. The financial analysis showed a significant increase in public funding mainly by government (p