A new research paper compares patent applications from startup university spinoffs and finds they are more innovative than comparable firms, in part because of their stronger ties to research networks and close proximity to universities.
Science and R&D
What Emerging Knowledge Economy?
It's not uncommon for many college education and STEM advocates to claim that the fastest growing occupations over the next decade will require a college education and/or STEM skills. In this view, the economy is shedding low skill jobs (either from automation or trade) and America is specializing in high-wage, knowledge-based jobs that require a college degree.
Scientific Researchers at Asian Universities Attracting More Industry Funding than American Counterparts
A report released last week by Times Higher Education, the World Academic Summit Innovation Index, finds that university scientific researchers from many Asian nations—including Korea, Singapore, Taiwan, and China—are attracting substantially more industry funding per researcher than their American counterparts. What makes this all the more striking is that American researchers tend to cost more than their Korean counterparts, and yet the latter still receive more funding.
Hearing on Reforming the National Lab System
In testimony to the U.S. House of Representatives Committee on Science, Space and Technology Subcommittee on Energy, Matthew Stepp argued that federally funded research results in scientific discovery that can play a positive role in America’s economic future. He explained that after a year of research with the labs, DOE, industry, and academia it became plainly apparent that the current system needs substantial reform. He emphasized that taxpayer resources should be used as effectively as possible and that market forces can help bring efficiency and rationality to the lab system.