Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

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

'Microcombing' creates stronger, more conductive carbon nanotube films May 5th, 2015

Testing Facility for Graphene Enhanced Composite Pipes May 5th, 2015

Arrowhead Completes Dosing Healthy Volunteers and Initiates Transition to Patients in Phase 1 Study of ARC-AAT May 5th, 2015

Silicon Storage Technology and GLOBALFOUNDRIES Announce Qualification of Automotive Grade 55nm Embedded Flash Memory Technology May 5th, 2015

Jobs

New ASTM Standards Will Help Educate Present and Future Nanotechnology Workforces April 26th, 2015

SUNY Poly & M+W Make Major Announcement: Major Expansion To Include M+W Owned Gehrlicher Solar America Corporation That Will Create up to 400 Jobs to Develop Solar Power Plants at SUNY Poly Sites Across New York State March 26th, 2015

Is US immigration policy 'STEMming' innovation? Study sheds light on why foreign STEM students stay in US or return home March 11th, 2015

Nanotech Discoveries Move from Lab to Marketplace with Lintec Deal: Licensing Partnership Brings Together University Technology, New Richardson-Based Facility Directed by Alumni February 9th, 2015

Govt.-Legislation/Regulation/Funding/Policy

New chip architecture may provide foundation for quantum computer: Researchers at the Georgia Tech Research Institute have developed a microfabricated ion trap architecture that holds promise for increasing the density of qubits in future quantum computers May 5th, 2015

'Microcombing' creates stronger, more conductive carbon nanotube films May 5th, 2015

Defects in atomically thin semiconductor emit single photons: Researchers create optically active quantum dots in 2-D semiconductor for the first time; may have applications for integrated photonics May 4th, 2015

From brittle to plastic in 1 breath: Rice University theorists show environments can alter 2-D materials' basic properties May 4th, 2015

Academic/Education

FEI Partners With the George Washington University to Equip New Science & Engineering Hall: Suite of new high-performance microscopes will be used for cutting-edge experiments at GW’s new research facility April 29th, 2015

Renishaw Raman systems used to study 2D materials at Boston University, Massachusetts, USA. April 28th, 2015

SUNY Poly and Sematech Announce Air Products Joins Cutting-Edge CMP Center At Albany Nanotech Complex April 28th, 2015

SEFCU, SUNY Poly CNSE Announce Winning Student-Led Teams in the 6th Annual $500,000 New York Business Plan Competition April 25th, 2015

Nanomedicine

Arrowhead Completes Dosing Healthy Volunteers and Initiates Transition to Patients in Phase 1 Study of ARC-AAT May 5th, 2015

Arrowhead to Report Fiscal 2015 Second Quarter Financial Results May 4th, 2015

New Nanodrug Produced in Iran from Milk Thistle May 4th, 2015

Antibacterial Ceramic Nanoparticles, Appropriate Material for Medical Devices May 3rd, 2015

Announcements

'Microcombing' creates stronger, more conductive carbon nanotube films May 5th, 2015

Testing Facility for Graphene Enhanced Composite Pipes May 5th, 2015

Arrowhead Completes Dosing Healthy Volunteers and Initiates Transition to Patients in Phase 1 Study of ARC-AAT May 5th, 2015

Silicon Storage Technology and GLOBALFOUNDRIES Announce Qualification of Automotive Grade 55nm Embedded Flash Memory Technology May 5th, 2015

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