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Hot R&D topics The October issue of Eye on Innovation discussed the state of R&D worldwide. Delving further into Dialog scientific literature, news sources and government publications, we learn more about how the U.S. government plans to spend its R&D dollars. Despite its relatively modest share of total U.S. R&D funding, the federal government's role is critical to the nation's growth in science and technology. Federal agencies support nearly two-thirds (60.2 percent) of the R&D performed in U.S. colleges and universities, most of which, (75.9 percent) is basic research. At the same time, federally-funded research at colleges and universities plays a key role in educating the next generation of scientists and engineers. Moreover, government-maintained labs, industrial firms and R&D centers under government contracts and non-profit institutions are also conducting R&D. Look for the following areas to drive expanded R&D funding and be supported in U.S. research labs over the next five to seven years:
Science and technology are recognized as key drivers of economic growth, as well as improved health and quality of life throughout the world. Economists estimate that up to half of U.S. economic growth over the past five decades is due to advances in technology. It is vital, then, for the United States to continue its leadership in the world of R&D. |
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