Recent reports cite problems with the US innovation system and tech
transfer. Now a new report, ‘Sparking Economic Growth’ from The Science
Coalition, a nonprofit organisation of 50 public and private US
universities based in Washington, DC, studies the origins of 100
successful companies and lauds federally-funded university research for
continuing to spawn innovation, new companies, and jobs.
The federal government is the primary source of money for basic research, supplying about 60 per cent of funding in the US. The second-largest source of basic research funding is academic institutions themselves.
To read the full, original article click on this link: Science|Business Federally-funded research links to innovation and jobs
Author: Lori Valigra
