Royalties are income from rights given to the state for the extraction of non-renewable natural resources. In order to guarantee the equal distribution of these funds, Colombia created the General System of Royalties, which allocates 10% of these investments toward science, technology, and innovation programs considered a priority by each region. Carrying out royalty programs is complex due to the fact that each development phase requires that multiple actors be in agreement, including regional and city administrative
Tópico:
Science, Technology, and Education in Latin America