WASHINGTON – The Science Coalition (TSC) today released a preview of its upcoming Sparking Economic Growth report, highlighting four U.S. companies born out of federally funded university research. Spanning across industry, geography, and funding sources, the companies illustrate the close ties between federal investment in fundamental research, job creation, and an innovation-based economy.
“This report demonstrates the importance of strategic federal investment in university research as an essential component of our economic recovery and capacity for future technologies,” said TSC President Lauren Brookmeyer. “Each of the featured companies can trace their roots back to the strong partnership between key federal research agencies and research universities.
“Consistent, robust federal investment for research projects provide opportunities for them to be developed into fully-fledged companies that create jobs, strengthen economies, and nurture the spirit of American innovation. As university researchers around the country contend with the pandemic’s effect on their careers and their projects, we urge Congress to pass emergency research relief and a robust appropriations package to protect, sustain, and develop the next generation of STEM talent.”
The four companies highlighted in the report are:
- EstrigenixTherapeutics, Inc., Marquette University, Wauwatosa, WI (established in 2018);
- ParaTools, Inc., University of Oregon, Eugene, OR (established in 2004);
- Rapid Radicals Technology, LLC, Marquette University, Milwaukee, MI (established in 2016); and
- Sunthetics, New York University, Brooklyn, NY (established in 2018).
The next edition of the Sparking Economic Growth report will be published in early 2021.
To read the 2017 Sparking Economic Growth report, please visit: https://www.sciencecoalition.org/successstories/.
About the Science Coalition
Established in 1994, the Science Coalition is a nonprofit, nonpartisan organization of more than 50 of the nation’s leading public and private research universities. It is dedicated to sustaining the federal government’s investment in basic scientific research as a means to stimulate the economy, spur innovation, and drive America’s global competitiveness.