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January 5th, 2008

Brave investment: More money needed for research

Abstract:
But in 2008, Oklahoma is home to businesses and higher education institutions capitalizing on nanotechnology. Most Oklahomans now know of nanotechnology and that it will be a money maker for the state, according a recent survey. What nanotechnology is remains a bit fuzzy for most of us, but such is life when you're living in the technological fast lane.

It's difficult — if not impossible — to see what will get researchers excited 20 or even 10 years from now. But this much we know: Oklahoma has been wisely investing in research and technology for the past two decades, knowing that the payoff might not come for years. As the state begins its second century, that investment must grow.

In 2006, lawmakers created the Economic Development Generating Excellence fund at the behest of a blue-ribbon panel. The goal is a $1 billion endowment to help fund research and promising high-tech projects to help make the state's economy more diverse and prosperous. So far, lawmakers have deposited only about $150 million — far too little in a world where technology advances more quickly than ever before.

Source:
newsok.com

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