Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Federal investment in basic research yields outsized dividendsý

Abstract:
Investment in basic scientific research may be one of the best ways to foster long-term economic growth locally and nationally, according to a report released this week by The Science Coalition.

By Chris Barncard

Federal investment in basic research yields outsized dividendsý

Madison, WI | Posted on May 14th, 2010

The report, "Sparking Economic Growth: How Federally Funded University Research Creates Innovation, New Companies and Jobs," (*) identifies 100 companies founded as the result of research supported by federal investment.

Those 100 businesses employ more than 100,000 and bring in revenue of nearly $100 billion a year while filling critical needs in medicine, technology, energy, environment and national security.

Madison-based TomoTherapy Inc. manufactures an advanced radiation therapy system that targets cancerous tumors while minimizing exposure and damage to surrounding tissue.

"The core technology of TomoTherapy was developed by National Cancer Institute funding, and each year it is responsible for the treatment of tens of thousands of difficult-to-treat patients," says Rock Mackie, TomoTherapy co-founder and chairman and a medical physics professor at the University of Wisconsin-Madison.

Mackie and Paul Reckwerdt developed the science behind TomoTherapy's technology in a UW-Madison lab with $250,000 from the National Institutes of Health.

"That original investment generates many times its value in salaries and taxes returned to both the U.S. and Wisconsin governments," says Mackie, whose company employs 665 people.

TomoTherapy's success is echoed in global industry leaders like Google, Genentech, Cisco Systems, SAS and iRobot, each of which brought to market products based directly on the fruits of government-funded scientific research.

The 100 success stories in the report are a small sample of the many companies created from federally funded university research, highlighting the exponential value of the investment and integral role research universities play in the economic vitality of their home states.

More than 180 companies have been formed around research conducted at UW-Madison alone, from large operations like TomoTherapy to equally innovative (but slightly smaller) shops like the eight-employee FluGen Inc. FluGen is developing quicker, more nimble vaccine production based on the NIH-funded research of founders and UW-Madison professors Yoshihiro Kawaoka and Gabriele Neumann.

The Sparking Economic Growth report is accompanied by a continuously updated database of companies created from federally funded university research sortable by federal funding agency, university affiliation, type of innovation, number of employees and a variety of other parameters.

(*) www.sciencecoalition.org/successstories/

####

For more information, please click here

Contacts:
Rhonda Norsetter
University of Wisconsin-Madison senior special assistant to the chancellor and director of federal relations
(608) 263-5510

Copyright © University of Wisconsin-Madison

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Oxford Instruments systems now facilitate water purification technology September 27th, 2016

Dr Barbara Armbruster promoted to Worldwide Sales and Marketing Director for XEI Scientific September 27th, 2016

Fighting cancer with sticky nanoparticles September 27th, 2016

Gold nanoparticles conjugated quercetin inhibits epithelial-mesenchymal transition, angiogenesis and invasiveness via EGFR/VEGFR-2 mediated pathway in breast cancer September 27th, 2016

Jobs

Leading Advanced Materials Manufacturer Pixelligent Closes $10.4 Million in Funding: Capital Will Boost Capacity for North American Manufacturing, Drive Asian Expansion, and Continue Innovation in Solid State Lighting and OLED Display Applications August 16th, 2016

SUNY Poly Welcomes DPS as the Global Engineering Firm Opens Its U.S. Advanced Technology Group Headquarters at Cutting-Edge ZEN Building November 20th, 2015

SUNY Poly CNSE Announces Milestone as M+W Group Opens U.S. Headquarters at Albany Nanotech Complex and Research Alliance Begins $105M Solar Power Initiative October 20th, 2015

Global Engineering Firm DPS to Establish U.S. Advanced Technology Group Headquarters at SUNY Poly CNSE and Create 56 New Jobs Under STARTUP-NY Initiative October 6th, 2015

Govt.-Legislation/Regulation/Funding/Policy

Crystalline Fault Lines Provide Pathway for Solar Cell Current: New tomographic AFM imaging technique reveals that microstructural defects, generally thought to be detrimental, actually improve conductivity in cadmium telluride solar cells September 26th, 2016

Tattoo therapy could ease chronic disease: Rice-made nanoparticles tested at Baylor College of Medicine may help control autoimmune diseases September 23rd, 2016

PHENOMEN is a FET-Open Research Project aiming to lay the foundations a new information technology September 19th, 2016

NIST Patents Single-Photon Detector for Potential Encryption and Sensing Apps September 16th, 2016

Academic/Education

PHENOMEN is a FET-Open Research Project aiming to lay the foundations a new information technology September 19th, 2016

AIM Photonics Announces Release of Process Design Kit (PDK) for Integrated Silicon Photonics Design August 25th, 2016

Nanotech Security Featured by Simon Fraser University: Company's Anti-Counterfeiting Technology Developed With the Help of University's 4D LABS Materials Research Institute August 21st, 2016

W.M. Keck Foundation awards Cal State LA a $375,000 research and education grant August 4th, 2016

Nanomedicine

Fighting cancer with sticky nanoparticles September 27th, 2016

Gold nanoparticles conjugated quercetin inhibits epithelial-mesenchymal transition, angiogenesis and invasiveness via EGFR/VEGFR-2 mediated pathway in breast cancer September 27th, 2016

Tattoo therapy could ease chronic disease: Rice-made nanoparticles tested at Baylor College of Medicine may help control autoimmune diseases September 23rd, 2016

BBI Solutions launches innovative conjugate blocking technology that enhances signal intensity for lateral flow immunoassays September 20th, 2016

Announcements

Oxford Instruments systems now facilitate water purification technology September 27th, 2016

Dr Barbara Armbruster promoted to Worldwide Sales and Marketing Director for XEI Scientific September 27th, 2016

Fighting cancer with sticky nanoparticles September 27th, 2016

Gold nanoparticles conjugated quercetin inhibits epithelial-mesenchymal transition, angiogenesis and invasiveness via EGFR/VEGFR-2 mediated pathway in breast cancer September 27th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic