Written by John Moravec on Thursday, December 2, 2004 at 14:08
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Article link: The future of innovation in the US
Chuck Russell reports for AlwaysOn that “studies have indicated that 45-75% of all economic growth is directly attributed to innovation),” and that “the US government was responsible for funding 85% of all basic research.” Basic research, he argues, is underfunded. For the US government to maximize its social capital investment, it must contribute more to the development of basic research.
In the 1990’s, universities learned the real economic incentive is in the short-term rewards of applied research, where patents for technologies can be immediately applied in the public sector. Should this trend be reversed?
Further reading: NSF fact sheet: Linkages grow between research and innovation
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Category: Articles, Innovation
Tags: government, Innovation, investment
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AMA citation:
Moravec J. AlwaysOn: “The future of innovation in the US”. Education Futures. 2004. Available at: http://www.educationfutures.com/2004/12/02/alwayson-the-future-of-innovation-in-the-us/. Accessed July 3, 2008.
APA citation:
Moravec, John. (2004). AlwaysOn: “The future of innovation in the US”. Retrieved July 3, 2008, from Education Futures Web site: http://www.educationfutures.com/2004/12/02/alwayson-the-future-of-innovation-in-the-us/
Chicago citation:
Moravec, John. 2004. AlwaysOn: “The future of innovation in the US”. Education Futures. http://www.educationfutures.com/2004/12/02/alwayson-the-future-of-innovation-in-the-us/ (accessed July 3, 2008).
Harvard citation:
Moravec, J 2004, AlwaysOn: “The future of innovation in the US”, Education Futures. Retrieved July 3, 2008, from <http://www.educationfutures.com/2004/12/02/alwayson-the-future-of-innovation-in-the-us/>
MLA citation:
Moravec, John. "AlwaysOn: “The future of innovation in the US”." 2 Dec. 2004. Education Futures. Accessed 3 Jul. 2008. <http://www.educationfutures.com/2004/12/02/alwayson-the-future-of-innovation-in-the-us/>
