The importance of ICT research and development for innovative eBusiness application and information society

The key role in meeting all the challenges and risks connected with eBusiness implementation and information society development has new knowledge and applications created in continual ICT research and development activities (R&D). In this paper world and European trends in ICT R&D will be analyzed in order to indicate the key elements for creation National R&D policy and for identification ICT R&D priorities for Serbian national economy.