The establishment of new R&D fund can effectively promote technological progress and economic development. By introducing new technologies, new products or businesses, enterprises can explore new markets and improve market share and profitability. At the same time, innovation also helps to improve product quality and efficiency, meet the growing market demand and improve people's living standards. Investment from the government and other institutions can also help backward industries and regions to accelerate their development.
Although the new R&D fund is helpful to promote economic development and social progress, its operation mode and effect still need further study and discussion. Only on the basis of formulating reasonable policies, strictly supervising the use of funds and evaluating the effect can the fund play its expected role. In addition, we should strengthen communication and coordination with all sectors of society, so as to better serve the people, build a strong country in science and technology, and achieve the goal of sustainable development.