Research = Innovation + New Companies + Jobs
July 10th, 2013
Sparking Economic Growth (U.S.)
How federally funded university research creates innovation, new companies and jobs.
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 if you click the link below illustrate some of the economic benefits the nation 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 can be traced directly to seminal research conducted at a university and sponsored by a federal agency.
Were it not for the federally supported research, these companies – their products and services, and the jobs and economic growth that have resulted – likely would not exist.