Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

Something surprising happened during the recent lame duck session of US Congress. Lost amid a flurry of year-end activity, the America Competes Act, which overhauls how the federal government supports private-sector R&D, was reauthorised to the tune of US$45 billion.

Renewal of the act has been seen as a major boost in the face of Republican Party attacks against science-funding “waste” and the end of the US stimulus package. And it’s an indication of the different approaches nations are taking to fund science in the face of continuing economic and political obstacles. While the US government is casting a wide net to fund science, the UK and Spain have cut science funding in real terms. France, China, Sweden, and Germany are among countries that are increasing science funding, despite making cuts elsewhere.

To read the full, original article click on this link: Science|Business - The media network for research, industry and policy

Author: Lori Valigra