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Capitalizing on Investments in Science and Technology (1999) / Chapter Skim
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Executive Summary
Pages 1-7

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From page 1...
... It is clear to COSEPUP that the United States needs to remain at the leading edge across all major fields of science and engineering research and to capitalize on this leadership to produce national benefits. Furthermore, the science and engineering community, along with the nation at large, must strive for continual improvement in the policies, institutions, and strategies that contribute to superior research and effective capitalization.
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From page 2...
... How do we ensure that the United States maintains and expands its strengths in science- and technology-based entrepreneurial activity, while developing new pathways for capitalization? As yet another example, the United States is on the leading edge of revolutionary progress in the life sciences.
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From page 3...
... This project takes a somewhat different approach in assessing how well the United States harvests returns on investments in science and technology, in the form of better economic performance (including creation ofjobs and tax revenue) , stronger education, improved public health, and other national benefits.
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From page 4...
... Finding 2: The key elements contributing to effective capitalization are · strong, stablefundingfor a portfolio of research investments that is diverse in terms offenders, performers, time horizons, and motivations; · afavorable environmentfor capitalizing, characterized by a strong incentive structure for investors, competition in the market, and free movement of ideas and people between institutions; · a skilled,fiexible science and engineering human resource base that allows the United States to maintain research at the cutting edge and capitalize effectively; · mechanismsfor research and capitalization that support cooperation between academia, industry, and government. SUMMARY OF RECOMMENDATIONS Recommendation 1: To ensure a strong, stable, diverse portfolio of SET investments, incorporate an explicit and continuing concern for capitalizing into the allocation of federal research funding.
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From page 5...
... COSEPUP found that capitalizing is a complex process with multiple feedback loops, but that public policies play an important role in supporting or hindering its effectiveness. The public policies and private strategies needed to maintain and enhance capitalization in the United States should be adapted to evolving world conditions.
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From page 6...
... Washington, D.C.: National Academy Press. COSEPUP (Committee on Science, Engineering, and Public Policy)
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From page 7...
... Washington, D.C.: National Academy Press.
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Key Terms

  • research investments
  • effective capitalization
  • human resource
  • time horizons
  • federal science

  • produce national
  • major fields
  • technology advisory
  • resource base
  • leading edge

  • diverse portfolio
  • tax revenue
  • cutting edge
  • engineering human
  • serious challenges

  • funding mechanisms
  • engineering perspective
  • policies play
  • maintain research
  • key national

  • delivering significant
  • experience base
  • global economy
  • ensuring national
  • talented people

  • enhance capitalization
  • smooth collaboration
  • affect human
  • successful intersectoral
  • interdisciplinary skills


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