The Technology Foresight Report contained a specific recommendation that a fund should be established to invest in research in those key areas of technology that can best assist in upgrading the future competitiveness of the traded goods and services sector. The report recognised that in order to achieve this outcome, a qualitative shift of industrial policy would be required. This would also have to be accompanied by a significant increase in the level of resources allocated to investment in research which would achieve the excellence and critical mass needed to give our country an international reputation in specified technological sectors.