It’s no accident that mergers are increasing as our economy continues to transform through technology, which itself is driven by corporate investment. Tech has been a key driver of current economic growth -- likely even greater than we’ve been able to measure -- but the spending on research and development needed to bring new innovations to market is frequently risky, costly and complex.
The United States used to lead in both areas. In the 1960s, the federal government invested more in research than all other governments and foreign businesses combined. No wonder the United States dominated the world in technological innovation. The United States also led in tax incentives for innovation, with President Reagan signing into law the world’s first R&D tax credit in 1981. As late as the Clinton Administration, the United States led the world in R&D tax generosity.
The U.S. Army Futures Command may be in Texas to take advantage of Austin’s tech-startup scene, but the Lone Star State has at least one other feature that meshes well with research into hypersonic missiles, lasers, and autonomous weapons: lots of room.
China is striving for a stonger position on the global stage. It has made extraordinary investments in research and development in an attempt to dominate new technological frontiers like artificial intelligence and quantum computing. But scientific and commercial advances, on any front and by any country, should not be achieved through the alleged theft of intellectual property, the co-opting of U.S.-funded researchers...
Over the five-year period between FY 2014 and FY 2018, the 268,355 awards distributed by NIH had a dollar value of more than $126.0 billion --with the vast majority (98.8 percent in FY 2018) going to grantees in metropolitan areas. In general, this analysis focuses on the 123 metropolitan areas with at least 20 NIH awards in FY 2018.
In July, 1945, Vannevar Bush addressed a report to President Franklin D. Roosevelt arguing that basic research needed to become a priority supported by the federal government. As an engineer, businessman and government administrator, Bush recognized that each of these three worlds--academia, industry and government--plays a vital role in promoting scientific innovation. Crucially, he said, the government’s role should to provide the guiding vision for basic research, seed the related effort and sustain its pool of talent.
The values that have driven NSF and its global research partners for decades are openness, transparency, and reciprocal collaboration; these are essential for advancing the frontiers of knowledge. Our science and engineering enterprise, however, is put at risk when other governments endeavor to benefit from the global research ecosystem without upholding these values.
Two critical federal research agencies are being gutted after workers were asked to relocate from Washington to the Midwest. Starting Monday, new and relocating employees can begin reporting to temporary offices in the Kansas City region, the U.S. Department of Agriculture said. But more than half the workers from the Economic Research Service and the National Institute of Food and Agriculture have declined to relocate or even respond to transfer assignments, creating a brain drain.
As the largest public funder of biomedical research in the world, NIH awards are of particular importance to the technology-based economic development community. Including new data for FY 2017 and FY 2018, this edition of Useful Stats serves as an update to an August 2017 article highlighting NIH awards by state over the past decade.
Unlike Forbes’ top colleges ranking, which only measures U.S. schools, Times Higher Education casts its net around the globe. The list emphasizes scholarship, research funding and reputation and does not consider things like entry requirements, graduation rates, professor ratings or alumni salaries.