Reducing or eliminating the R&D tax credit to “pay for” a lower corporate rate would be a serious mistake. To boost productivity and competitiveness, Congress should lower the corporate rate while expanding the research credit’s Alternative Simplified Credit from 14 to 20 percent.
The SBIR program has been a legislated requirement of the Department of Defense, an agency responsible for roughly 40 percent of all federal extramural R&D spending, for more than three decades. One might expect that over that amount of time, the Department of Defense would have developed a system to become compliant with SBIR’s fundamental provision that a minimum threshold of innovation research spending be directed toward small businesses.
Last year American taxpayers spent more than $42 billion for scientific research and education at universities and nonprofits across the country. Most of this investment contributed to American innovation, economic competitiveness and national security. Taxpayers would be surprised to learn that approximately one-quarter of that funding -- more than $10 billion -- pays not for the cost of research but to cover universities’ and nonprofits’ overhead.
The U.S. Air Force’s new civilian head wants the service to retake its claim as the military’s innovation pioneer. To do that, it will have to renew investments in basic and applied research that in the past have enabled massive gains in stealth, computing technologies and composite materials, she said Tuesday.
It was an intriguing idea, Kalil thought: Could the U.S. government get better research results if it offered prizes? Could it become a “third leg of the stool”–in addition to contracts and grants – for the federal government to support innovation? “It occurred to me that the government has trillions of dollars contingent on failure,” Kalil recalled in an interview. “Why don’t we make payments that are contingent on success?”
The initial federal research investment is small. Eighty percent of the companies in the report cited less than $5 million as the amount of federal funding received for their foundational work. For 40 percent of companies, this amount was less than $1 million. The 102 companies highlighted are predominantly small businesses, like most companies in the United States. Sixty-five percent of companies have fewer than 100 employees. Yet, the companies collectively employ 8,900 people.
Transparent biosensors embedded into contact lenses could soon allow doctors and patients to monitor blood glucose levels and a host of other telltale signs of disease without invasive tests.
The ultimate goal of this work is to increase support for policies and programs that promote investment of resources (e.g., time, funding, staff, infrastructure) in the science and practice of implementation. To this end, FrameWorks’ research provides strategic communications recommendations designed to help people understand that supporting successful implementation is critical to improving outcomes for children, families and communities.
A new map of the human brain could be the most accurate yet, as it combines all sorts of different kinds of data. This might finally solve a century of disagreements over the shapes and positions of different brain areas.
The Office of Naval Research celebrates 70 years of innovating and inventing important new technology for the Navy and Marine Corps team. The Chief of Naval Research Rear Adm. Mat Winter and Director of Research for ONR Dr. Larry Schuette explain why this milestone is so important, and what the role of ONR is going into the next 70 years.