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.
While the United States is still at the top in total investment in research and development -- spending $500 billion in 2015 -- a new Boston Consulting Group (BCG) study released Monday has made a startling finding: A couple of years ago, China quietly surpassed the U.S. in spending on the later stage of R&D that turns discoveries into commercial products.
NCSES reported that within the R&D total, research obligations -- a category of transactions including orders placed, contracts awarded and services received -- increased by 1 percent to $63.6 billion. At the same time, development funding fell by 4 percent to $64.9 billion and R&D plant rose a substantial 27 percent to $2.8 billion.
Electrical stimulation of the spinal cord and intense physical therapy have been used by Mayo Clinic researchers to help Jared Chinnock intentionally move his paralyzed legs, stand, and make steplike motions for the first time in three years. The chronic traumatic paraplegia case marks the first time a patient has intentionally controlled previously paralyzed functions within the first two weeks of stimulation.
Transparent biosensors embedded into contact lenses could soon allow doctors and patients to monitor blood glucose levels and many other telltale signs of disease from teardops without invasive tests, according to Oregon State University chemical engineering professor Gregory S. Herman, Ph.D. who presented his work Tuesday April 4, 2017 at the American Chemical Society (ACS) National Meeting & Exposition.
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 National Weather Service would have to boost research -- including some from private companies -- to improve forecasts and storm warnings under a bill headed to the president's desk. Lawmakers said the bill should save lives by giving residents more time to prepare for hurricanes, tornadoes and other deadly storms.
Some have reacted to President Trump’s proposed budget by claiming that it severely reduces funding for science, yet the net impact isn’t likely to dramatically change the overall level of research and development (R&D) funding. Instead, the budget blueprint would likely shift the mix of funding at the federal level, away from basic research and into applied research and development.
Neural lace would help prevent humans from becoming “house cats” to AI, he suggests. “I think one of the solutions that seems maybe the best is to add an AI layer,” Musk hinted at the Code Conference last year. It would be a “digital layer above the cortex that could work well and symbiotically with you.
This column examines the effects of Chinese import competition on another metric for the health of the US manufacturing sector - innovation. Firms whose industries were exposed to a greater surge of Chinese import competition from 1991 to 2007 experienced a significant decline in their patent output as well as their R&D expenditures. While politicians’ ‘obsession’ with manufacturing is primarily due to job losses, an accompanying reduction in innovation may well affect economic growth in the longer term.