Businesses in the United States are focusing a large portion of their research and development efforts on health and defense, according to a National Science Foundation (NSF) report released today. Of the $290.7 billion in total R&D that was performed by businesses in the United States in 2008, 40 percent was applied to health and medical areas ($76.1 billion) and defense areas ($41.5 billion). More than 86 percent of the health or medical R&D performed by businesses was paid for by the reporting companies themselves. However, the federal government funded most of the defense R&D performed by companies.
More at http://www.nsf.gov/news/news_summ.jsp?cntn_id=125240&WT.mc_id=USNSF_51&WT.mc_ev=click
Passionate about innovation, engineering education and promoting partnerships for economic and social development. Born in Puerto Rico, an engineer, past professor of chemical engineering, working for the largest IT company in the world and winner of the 2006 US National Academy of Engineering Gordon Prize.
