Sparking Economic GrowthCompanies created from federally funded university research, fueling American innovation and economic growth
One of the many ways federal funding for scientific research produces returns is the creation of new companies. As The Science Coalition’s Sparking Economic Growth reports show, companies created from federally funded university research are contributing to the economy in significant ways. They are bringing to market transformative innovations in energy, medicine, defense and technology, creating new jobs, and boosting local economies.
The companies highlighted here were self-selected by the member universities of The Science Coalition and are illustrative of the many companies created from federally funded university research, as well as of the far-reaching paybacks on federal research funding. Each company can be traced back to research conducted at a university and sponsored by a federal agency.
Were it not for the federally supported research conducted over years — and in many cases, decades — these companies, their products and services and the jobs and economic growth that have resulted, likely would not exist today.
Our database contains profiles of the companies in Sparking Economic Growth 2.0, released in October 2013, as well as those in our 2010 Sparking Economic Growth report. You can "View All" to see all companies (from both reports) in alphabetical order. From there, you can sort by report edition, funding agency, university and other parameters. Alternatively, you can enter a specific search term (e.g., cancer, solar, Michigan, Department of Defense) to target your view.
“Innovation is a cornerstone of American progress, improving our lives in countless ways and providing jobs and economic growth. For decades, innovation has been fueled by federally funded research that is conducted at universities across our nation. America’s future economic prosperity depends on increased investments in research and education that will accelerate innovation and inspire future generations of scientists.”
Chancellor, University of Wisconsin-Madison
Former Acting Secretary, U.S. Department of Commerce