Academic journal article Research-Technology Management

New Foundations for Growth: The U.S. Innovation System Today and Tomorrow. (Information Resources: New Books and Reports for Leaders of Technological Innovation)

Academic journal article Research-Technology Management

New Foundations for Growth: The U.S. Innovation System Today and Tomorrow. (Information Resources: New Books and Reports for Leaders of Technological Innovation)

Article excerpt

Steven W. Popper and Caroline S. Wagner; Rand Science and Technology Policy Institute, Arlington, VA; Report MR-1338.0 OSTP, Jan. 2002; 79 pp., available at http://www.rand.org/scitech/stpi.org Tel: (703) 413-1100, ext. 5574.

This report is the product of a year-long process of examining options for U.S. government action to support the national innovation system (see "Find Your Place in the National Innovation System," page 11 this issue). The project was conducted by the Science and Technology Council under the direction of Duncan Moore of the White House Office of Science and Technology Policy. The goal was to identify those policies that did not require new government budget authority and which could be accomplished in the near-term (1-3 years).

Several such areas are identified, with options falling into three categories: 1) those reflecting a change in federal government policy and needing budgetary action; 2) those requiring legislative action; and 3) those needing near-term and effective examination and study:

* Among the budgetary options, perhaps the most important, according to the report, is ensuring stability and adequate public funding for fundamental science and engineering. "Money should not simply be thrown at the R&D system in the expectation that useful outputs will ensue. Increased funding across a carefully constructed `portfolio' of investments will help ensure the health of the national innovation system."

* A parallel item that should command early attention is to assess the benefits and implications of making the R&E tax credit permanent. …

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