Tthe Science and Technological Development Fund (STDF) was created in the course of a restructuring of the S&T governance in 2007, in addition to the creation of the Higher Council for Science and Technology (HCST).

To realize its vision and accomplish its mission, the following objectives are set:

• Improving the research and development Environment
• Providing funding for scientific research and technology development
• Supporting and developing the innovation capabilities of the science and technology community
• Supporting the complete cycle of scientific research and product development
• Disseminating information on science and technology in Egypt
• Exploring fund-raising mechanisms to support STDF activities
• Empowering the role of STDF as a major research-funding organization and continuously improving its performance