Following a model that conceptualizes the functioning of the university, a set of principles to de®ne a public funding methodology for the research universities is proposed, within the context of the Portuguese higher education system. This set of principles is presented on the basis of the analysis of the contemporary mission of the university, giving particular relevance to the research activities that are developed at universities. The positioning of research universities in the science and technology system is valorized, and the set of principles aims at contributing to develop a science policy that gives to the university the relevant role that is required in the emerging knowledge-driven economies. 7
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