The computer algorithm that led to the Google search engine and a multi-billion-dollar business was developed by Larry Page and Sergey Brin while they were working as graduate students under part of a $4.5 million National Science Foundation grant for a digital library project at Stanford University.
The Human Genome Project, funded by the federal government at a cost of $5.6 billion (in 2010 dollars) over 13 years, has had a fundamental impact on areas as diverse as human health, agriculture, forensics, and veterinary medicine, with an economic payoff in 2010 alone of $67 billion, according to a study by the Battelle Memorial Institute.
To read the full, original article click on this link: Research that Pays Off: Experts Make the Case for Federal R&D Spending in Capitol Hill Briefings - Lab Manager Magazine®
