In line with the technology foresight report, the foundation will concentrate on the fields underpinning the industrial sectors of biotechnology and information and communications technology with a view to promoting and supporting basic research of world class stature in these fields. A world class research capability in selected segments of these two enabling technologies will become an essential foundation for future growth in our economy. Information and communications technology involves all disciplines that underpin the study of physical components, systems, networks, storage, transmission, software, and applications as well as the underlying fields of mathematics, computer science, physics, chemistry, materials science, and electrical engineering. Information and communications technology is at the core of the knowledge society, as scientific and engineering research today requires the use of systems and processes that information and communications technology research has produced.