SIA president Rich Templeton argues that funding for bodies like the National Science Foundation (NSF), the National Institute of Standards and Technology (NIST), the Defence Advanced Research Projects Agency (DARPA), and the Department of Energy (DOE) Office of Science should not be subject to upcoming cuts.
‘Federal R&D investments are in jeopardy and imminent across-the-board budget cuts – known as the sequester – are set to reduce federal investments in R&D, which could have long-term implications on job creation and economic growth,’ argued the SIA.
Larry Sumney, president of the SRC, says: “Collaboration among industry, academia and government accelerates knowledge advancements, lowers risk and enables growth and innovation to continue for the benefit of industry and society as a whole. It represents a win-win-win.”
Sumney claimed that basic research has a ‘dramatically increased chance for success and return-on-investment when managed as part of a collaborative public-private programme.
“Today’s technology-based economy critically depends on a robust university research enterprise — producing fundamental scientific advances and, just as importantly, well-educated scientists and engineers who can compete in a global economic playing field,” said Sumney, “what’s not easy is finding the resources, the brightest minds and the funds, to fuel that research, especially in challenging economic periods.
‘The SRC community has published more than 20 percent of the world’s semiconductor-related research,’ claims the corporation