Every payment you make on Alibaba.com is secured with strict SSL encryption and PCI DSS data protection protocols
Wonderfu supply professional and honest service.
Claim a refund if your order is missing or arrives with product issues, plus free local returns for defects on qualifying purchases
The 53 companies featured in volume four support nearly 100,000 jobs, attract billions of dollars in research grants, and contribute more than $1.3 billion in U.S. GDP throughout the supply chain of all 50 states, despite being based in only 12 states.
Federal investment in research has resulted in short- and long-term economic benefits by contributing hundreds of thousands of jobs each year, which in turn generate billions of dollars in wages, taxes, and increase the national GDP.
Federal investment in research has resulted in short- and long-term economic benefits by contributing hundreds of thousands of jobs each year, which in turn generate billions of dollars in wages, taxes, and increase the national GDP.
In , the federal government invested $131 billion in research and development which generated $70.6 billion in GDP, 1.6 million U.S. jobs, and $197 billion in added economic value. This investment resulted in 445,800 direct American jobs and compensation for the average direct job funded by federal R&D was $114,000, a salary 83 percent higher than average compensation in the overall economy.
With support of federal funding, TSC universities' research supports more than 97,000 jobs and generates over $7.6 billion in economic impact.
Of the 200 companies profiled in previous editions of the Sparking Economic Growth report, 88 percent (176) remain operational today or have successfully merged with or been acquired by another company.
Significantly, 53 of those original 200 companies were considered 'young' at the time they were highlighted, meaning they were less than five years old. Since only about half of all new businesses formed in the United States survive more than five years, crossing the five-year benchmark is significant. Sparking Economic Growth companies do this at a rate of 87 percent: 46 of the 53 young companies remain operational, or have been successfully merged or acquired as of .
Are you interested in learning more about Prosthetic equipment speed Socket Router? Contact us today to secure an expert consultation!
Every Sparking Economic Growth company is an American innovation success story. Each traces its roots back to federally funded university research and is bringing to market transformational innovations in health, materials, technology, defense, manufacturing, education or agriculture. Additionally, each of these companies is creating jobs and contributing to the local economy. The public investment in the foundational research behind these companies? Just over $265 million spread over several decades.
The federal government's total R&D bill amounts to just 3.4 percent of the nation's annual budget. The last time this number exceeded 5 percent of the budget was back in , more than a quarter century ago. While basic research is the smallest slice of the R&D pie, accounting for less than 25 percent ($33.5 billion) of the federal government's total $135.5 billion R&D budget in , it is the spark that ignites discovery and innovation in the United States. The return on this modest investment is enormous.
There are few investments with a greater return than federally funded basic scientific research.
The federally funded university research that led to the companies highlighted here yielded many other returns along the way. This research advanced our knowledge; primed America's innovation pipeline; educated future scientists, engineers and doctors; created direct jobs and equipment purchases; and helped build a skilled workforce. Research, and all the benefits that flow from it, help keep America globally competitive.
U.S. industry is the largest overall contributor to R&D in the United States, but basic scientific research is mostly funded by the federal government and conducted by university researchers across the country. Why?
Basic research is research for the pursuit of knowledge. It is curiosity driven, seeking answers to basic questions about life and the physical world. Academic researchers are free to focus on their scientific missions over many years without having to demonstrate commercial value. Industry, on the other hand, has a shorter time horizon and is driven by commercial outcomes, therefore focusing more of its efforts on applied research and development.
Our current system for supporting research and fueling American innovation and economic growth was created at the conclusion of World War II.
President Franklin D. Roosevelt asked his Director of the Office of Scientific Research and Development, Vannevar Bush, for recommendations on how to apply the highly successful wartime scientific research effort to peacetime endeavors. The recommendations from Dr. Bush, contained in a report called 'Science, the Endless Frontier', led to the formation of the National Science Foundation in and formalized the arrangement between the federal government and universities to conduct research on behalf of the American people. This unique partnership has been a driving force of the U.S. economy ever since.
Contact us to discuss your requirements of Lower Limb Prosthesis Exporter. Our experienced sales team can help you identify the options that best suit your needs.