The Sparking Economic Growth report

By Isidoros Passas on 17 May 2010. Posted in Innovative Companies

According to this latest report, published by the “The science coalition”, when public money is invested in university-based basic research there is tremendous return on investment. Research creates jobs directly for those involved and indirectly for many others, through innovations that lead to new technologies, new industries and new companies.

The content and examples provided in this report illustrate some of the economic benefits the U.S. reaps when companies are created as a result of discoveries in federally funded university laboratories. While there are countless companies that have made use of the fruits of academic research, the roots of the companies highlighted here can be traced directly to seminal research conducted at a university and sponsored by a federal agency.

According to this report, were it not for the federally supported research, the companies – their products and services, and the jobs and economic growth that have resulted and presented in the report– likely would not exist.

The mission of the Science Coalition is to expand and strengthen the federal government’s investment in university-based scientific, medical, engineering and agricultural research. Sustained support for research across the entire range of scientific disciplines is the most important step the nation can take to maintain America’s position at the forefront of scientific discovery, technological innovation, and economic growth in the 21st century.

You can read the report in this link http://www.sciencecoalition.org/successstories/

Source:
The Blog of the “Kauffman Foundation”