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By Technology, and Economic Policy Board on Science, National Research Council

This document addresses a subject of well-known coverage predicament. To catch some great benefits of monstrous U.S. investments in biomedical R&D, parallel investments in a variety of probably unrelated disciplines also are required. This record summarizes a massive convention that reviewed our nation's R&D aid for biotechnology and data applied sciences. the amount contains newly commissioned study and makes strategies and findings about the very important dating among details applied sciences and biotechnology. It emphasizes the autumn off in R&D investments had to maintain the expansion of the U.S. economic climate and to capitalize at the growing to be funding in biomedicine. It additionally encourages higher aid for inter-disciplinary education to help new parts similar to bio-informatics and urges extra emphasis on and aid for multi-disciplinary study facilities.

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Additional info for Capitalizing on New Needs and New Opportunities: Government - Industry Partnerships in Biotechnology and Information Technologies (Compass Series (Washington, D.C.).)

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9In this regard, see comments by Kenneth Flamm, Gordon Moore, and Wesley M. Cohen in this volume. 10See, in particular, remarks by William Bonvillian, of the office of Senator Joseph Lieberman in this volume. 18 CAPITALIZING ON NEW NEEDS AND NEW OPPORTUNITIES • Increased federal funding, in recent years, in the area of biomedicine, combined with • Reduced federal funding (in real terms) for research and training in the physical sciences and much of engineering. 11 Importantly, these changes in funding for science and engineering have not been the product of national debate or conscious policy.

Boston: Harvard Business School Press, 1996. 3See Charles F. Larson, “The Boom in Industry Research,” Issues in Science and Technology, Summer 2000, p. 27. With the exception of pharmaceuticals, only a small fraction, (for example, less than four percent in computers and semiconductors) of corporate R&D is classified as basic research. : National Academy Press, 2001, p. 4. A. Merrill. “Recent Trends in Federal Spending on Scientific and Engineering Research: Impacts on Research Fields and Graduate Training,” Appendix A in National Research Council, Securing America’s Industrial Strength.

In addition, federal funding for research is often more stable and based on a longer time horizon than funding from other sources. Shifts in the composition of federal research support are therefore important in their own right and for the impact these shifts may have on the future development of biotechnology and computing—two of our most innovative industries and a source of substantial growth in the economy. There are two main concerns. The first is the absolute amount of federal investment and the second is the allocation of the funds available.

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