New data from the National Science Foundation’s National Center for Science and Engineering Statistics shows that research and development (R&D) performance in the United States increased by more than $20 billion in both 2013 and 2014. An even larger gain is estimated for 2015, bringing total U.S. R&D performance to $499 billion.
U.S. R&D performance breaks down into three categories:
- Basic research ($84 billion of the 2014 total),
- Applied research ($93.6 billion), and
- Experimental development ($300.1 billion).
In 2014, Federal government funding accounted for 45 percent of basic research, 36 percent of applied research and 16 percent of development. Business funding accounted for 27 percent of basic research, 52 percent of applied research and 82 percent of development.
“We are pleased to see continued growth in R&D performance. Our clients are great innovators, and our mission is to help them succeed, by taking advantage of Federal R&D funding and contracting opportunities, while promoting a policy environment that supports their business and technology objectives.” Kelly Carnes, President, TechVision21.
TechVision21 has helped clients secure more than $70 million in direct grant funding. If you have questions about Federal funding for R&D call 202-966-6610 to speak to the experts at TechVision21. Click here to for our RESULTS page.