The Impact of Academic Research on Industrial Performance (2003) / Chapter Skim
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9. Conclusions and Recommendations
9. Conclusions and Recommendations
Pages 227-234
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From page 227... ...
Basic long-term research is essential to the health of universities as creators of new knowledge and understanding; and the results of basic research in a wide range of disciplines intermingle, build on each other, and eventually find their way by diverse paths into commercial life. Because in most fields it is difficult for individual firms or groups of firms to appropriate return on investment exclusively, commercial firms have little incentive to fund 227
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From page 228... ...
Contributions from applied research at universities are also very important to industry. The industry studies in this report document that academic researchers and the academic research infrastructure are directly involved in the development of industrial tools, prototypes, products, and production processes, as well as in the delivery of products and services.
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From page 229... ...
They also show how contributions from academic research to major cross-sector technologies information technology in particular have directly benefited multiple industries. Information technology is critical to the technical and market performance of aircraft and medical devices, for example, and has profoundly changed the structure and performance of the financial services industry and the transportation, distribution, and logistics services industry.
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From page 230... ...
Federal funding of academic research should continue to emphasize longterm basic research, as well as applied research (typically funded by mission agencies)
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From page 231... ...
· Common legal frameworks acceptable to industry and academia should be established detailing the terms of confidentiality and related conditions to facilitate academic researchers' access to operational networks and real-time data. Federal mission and regulatory agencies with primary responsibility for the services industries (e.g., Securities and Exchange Commission, Internal Revenue Service, Federal Communications Commission, and U.S.
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From page 232... ...
Government regulatory agencies, including the Food and Drug Administration, the Environmental Protection Agency, the Federal Communications Commission, and the Securities and Exchange Commission, should be encouraged to maintain and strengthen their productive interaction with academic researchers and to continue to explore new mechanisms for bringing scientific and engineering advances, including scientifically based concepts and tools, to bear more rapidly and effectively on regulatory processes. General Recommendation 6.
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From page 233... ...
Support more interdisciplinary research on existing and potential information technologies that combines engineering methods and the social and behavioral sciences.
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