The Changing Nature of U.S. Basic Research: Trends in Funding Sources
The second in SSTI’s series on basic research, this article focuses on the ways that the funding sources of R&D and basic research have changed over time. Ultimately, the nature of basic research – long horizons, unknown rewards, and high costs – indicates why some sectors, namely the private sector, may seek shorter term options. A better understanding of the changing nature of funding sources for basic research may be useful in understanding the current state of research and development in the U.S.