TAILIEUCHUNG - Vital Assets - Federal Investment in Research and Development at the Nation’s Universities and Colleges

The federal government’s investment in the research and development (R&D) being conducted at the nation’s universities and colleges has grown considerably in recent years and represents a pivotal part of the . innovation system—one that advances knowledge of the world and provides critical training to the next generation of scientists and engineers. The analysis in this report assesses that investment. The analysis drew on the RAND Corporation’s RaDiUS ( | The Federal Research and Development Portfolio - Vital Assets Federal Investment in Research and Development at the Nation s Universities and Colleges Donna Fossum Lawrence S. Painter Elisa Eiseman Emile Ettedgui David M. Adamson Supported by the National Science Foundation Research and Development in the United States RAND Science and Technology The research described in this report was conducted by the Science and Technology Policy Institute operated by RAND from 1992 to November 2003 for the National Science Foundation under contract ENG-9812731. Library of Congress Cataloging-in-Publication Data Vital assets federal investment in research and development at the nation s universities and colleges Donna Fossum . et al. . p. cm. Mr-1824. ISBN 0-8330-3624-6 pbk. 1. Federal aid to research United States. 2. Universities and colleges Research United States Finance. I. Fossum Donna 1949 2004 06 dc22 2004005269 The RAND Corporation is a nonprofit research organization providing objective analysis and effective solutions that address the challenges facing the public and private sectors around the world. RAND s publications do not necessarily reflect the opinions of its research clients and sponsors. RAND is a registered trademark. Copyright 2004 RAND Corporation All rights reserved. No part of this book may be reproduced in any form by any electronic or mechanical means including photocopying recording or information storage and retrieval without permission in writing from RAND. Published 2004 by the RAND Corporation 1700 Main Street . Box 2138 Santa Monica CA 90407-2138 1200 South Hayes Street Arlington VA 22202-5050 201 North Craig Street Suite 202 Pittsburgh PA 15213-1516 RAND URL http To order RAND documents or to obtain additional information contact Distribution Services Telephone 310 451-7002 Fax 310 451-6915 Email order@ PREFACE About This Analysis The federal government s investment in the research and development R D

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