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Filling the Gap
By Dr. Whittenburg (on 6/10/2011 @ 09:56:19, in Vice President Ramblings, read 1471 times)
A recent study by the Information Technology and Innovation Foundation (ITIF) reports that the United States is falling behind its peers in the amount of government- and business-funded university research. In 2008, the United States ranked 18th out of 30 in terms of growth in government-funded university research as a percentage of GDP. Sweden was ranked the highest. ITIF suggests that the private sector often under-invests in innovation. As a result, university research plays a key role in filling in the gap. Moreover, in the last three decades, the trend has been for large corporations to heavily downsize or repurpose their central research laboratories. Therefore, university-based research has become increasingly important in low TRL (see earlier post on Technology Readiness Levels), as ITIF notes, to expand “the knowledge pool from which the private sector draws ideas and innovation.” UNO through it's research efforts, the UNO Research and Technology Park and the UNO R&T Foundation are working to help fill the gap.