Federal Investment in Basic Research Yields Outsized Dividends – Innovation, Companies, Jobs New Report Traces Origins of 100 Companies to Federally Funded University-Based Research

How can the United States foster long-term economic growth? A new report suggests that one of the best ways is through investment in the basic research that leads to innovation and job creation. “Sparking Economic Growth: How federally funded university research creates innovation, new companies and jobs” released today by The Science Coalition identifies 100 “success stories” – examples of companies that are the result of federal investments in basic research. Collectively, these 100 companies employ well over 100,000 people and have annual revenues approaching $100 billion. The companies also are helping to address critical issues in the area of medicine, technology, energy, environment and national security – leading the way toward a healthier, more sustainable and secure future.