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The U.S. Led the World in Science and Technology and Just Gave It Up
- The U.S. led the world in science and engineering for 85 years after WWII due to government funding and university research collaboration.
- The U.S. had an 85-year relationship with government agencies like NIH and NSF, funding university research annually with billions of dollars.
- This collaboration resulted in technological leadership, startup creations, and job opportunities in the U.S.
- The Bayh/Dole Act of 1980 allowed universities to retain ownership of inventions from federally funded research, fostering innovation and technology transfer.
- University research generated patents, copyrights, and startups, attracting foreign talent and investments.
- The U.S. university research ecosystem was unique in driving innovation and economic growth.
- The indirect costs of university research were supported by government reimbursements, which facilitated the construction of top-tier research labs.
- Over the years, government reimbursement policies were adjusted to oversee indirect cost rates and prevent misuse.
- The U.S. science-based economic engine is facing challenges as NIH slashed indirect reimbursement rates, potentially impacting research budgets and infrastructure development.
- As the U.S. may lose its dominance in science, many researchers may seek opportunities abroad, possibly benefiting economic rivals like China.
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