Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

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

New research project supports internationalisation in nano-research: Launch of new “Baltic Sea Network” November 22nd, 2014

3rd Iran-Proposed Nano Standard Approved by International Standard Organization November 22nd, 2014

NMTI announces breakthrough solutions for HAMR nanoantenna for next-generation ultra-high density magnetic storage November 21st, 2014

Canatu Launches CNB In-Mold Film for Transparent Touch on 3D Surfaces –in Cars, Household Appliances, Wearables, Portables November 20th, 2014

Jobs

Secretary Vilsack Announces Partnership to Advance Commercial Potential of Cellulosic Nanomaterial from Wood December 11th, 2013

Cutting Away at the NRC's Research Capability December 6th, 2013

Project aims to mass-produce 'nanopetals' for sensors, batteries October 22nd, 2013

Governor Cuomo Announces 'Nano Utica' $1.5 Billion Public-Private Investment That Will Make the Mohawk Valley New York's Next Major Hub of Nanotech Research October 12th, 2013

Govt.-Legislation/Regulation/Funding/Policy

New research project supports internationalisation in nano-research: Launch of new “Baltic Sea Network” November 22nd, 2014

3rd Iran-Proposed Nano Standard Approved by International Standard Organization November 22nd, 2014

NMTI announces breakthrough solutions for HAMR nanoantenna for next-generation ultra-high density magnetic storage November 21st, 2014

Quantum mechanical calculations reveal the hidden states of enzyme active sites November 20th, 2014

Academic/Education

SUNY Poly Student Awarded Fellowship with the U.S. Department of Energy's Postgraduate Research Program: Ph.D. Candidate Accepts Postmaster's Appointment To Conduct Research At Albany NanoTech Complex November 13th, 2014

SUNY Polytechnic Institute Hosts Massive Crowd of More Than 3,000 People Who Attended Community Day Activities Across New York State: CNSE’s ‘NANOvember’ kickoff event highlights New York State’s growing high-tech sector with open house events in Albany, Utica, and Rochester November 3rd, 2014

SUNY Polytechnic Institute Invites the Public to Attend its Popular Statewide 'NANOvember' Series of Outreach and Educational Events October 23rd, 2014

First Canada Excellence Research Chair gets $10 million from the federal government for oilsands research at the University of Calgary: Federal government announces prestigious research chair to study improving oil production efficiency October 19th, 2014

Nanomedicine

New research project supports internationalisation in nano-research: Launch of new “Baltic Sea Network” November 22nd, 2014

Quantum mechanical calculations reveal the hidden states of enzyme active sites November 20th, 2014

Silver Nanoparticles Produced in Iran from Forest Plants Extract November 20th, 2014

Tokyo Institute of Technology research: Protein-engineered cages aid studies of cell functions November 19th, 2014

Announcements

New research project supports internationalisation in nano-research: Launch of new “Baltic Sea Network” November 22nd, 2014

3rd Iran-Proposed Nano Standard Approved by International Standard Organization November 22nd, 2014

NMTI announces breakthrough solutions for HAMR nanoantenna for next-generation ultra-high density magnetic storage November 21st, 2014

Nano Sorbents Able to Remove Pollutions Caused by Oil Derivatives November 20th, 2014

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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE