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3/13/2008
"As a nation," Gates told the committee, "our goal should be to increase funding for basic scientific research by 10 percent annually over the next seven years. We also need to ensure that the private sector has greater visibility into the status and progress of federally funded research projects so that companies can collaborate more effectively with universities and other publicly funded researchers."
He said Congress should also reenact and make permanent the R&D tax credit, which expired last year, to provide incentives for long-term, true private-sector research.
He concluded, "I believe this country stands at a crossroads. For decades, innovation has been the engine of prosperity in this country. Now, economic progress depends more than ever on innovation. And the potential for technology innovation to improve lives has never been greater. If we do not implement policies like those I have outlined today, the center of progress will shift to other nations that are more committed to the pursuit of technical excellence. If we make the right choices, the United States can remain the global innovation leader that it is today."
About the author: Dave Nagel is the executive editor for 1105 Media's educational technology online publications and electronic newsletters. He can be reached at dnagel@1105media.com.
Have any additional questions? Want to share your story? Want to pass along a news tip? Contact Dave Nagel, executive editor, at dnagel@1105media.com.
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In May in San Francisco, experts from leading universities, libraries, and research institutions around the world met as part of an ongoing effort to address a pressing issue: archiving the world's history, right up to today.
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