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Novel Financing for Innovation

Completed

Financial constraints are encouraging a rethinking of how the United States can fund research in science, engineering, and technology. Federal research agencies have utilized or are proposing new funding mechanisms that are less like traditional research and development grants and more akin to direct investments in technologies that are critical to a particular agency. State governments are also exploring novel ways to advance research from the bench into the marketplace, including crowdfunding and creative public-private partnerships. This meeting considered new financing models and mechanisms designed to leverage resources and more efficiently convert the nation’s research assets into economic assets.

Description

An ad hoc committee will organize a public workshop on novel financing mechanisms to accelerate innovation, considering initiatives launched by federal and state governments, universities, private foundations, entrepreneurs, and others. The committee will identify key participants from the various sectors to present and participate. The focus will be on how government R&D funds can be better leveraged and aligned with private sector and other funding so as to catalyze co-investment. A brief, individually-authored workshop summary will be issued by a designated rapporteur.

Collaborators

Committee

Stephen E. Cross

Chair

William B. Bonvillian

Member

Ellen R. Stofan

Member

Staff

Susan Sauer Sloan

Lead

Major units and sub-units

National Academy of Sciences

Collaborator

National Academy of Medicine

Collaborator

Policy and Global Affairs

Lead

Government-University-Industry-Philanthropy Research Roundtable

Lead

U.S. Science and Innovation Policy

Lead

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