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Basic Research is the Engine that Drives Innovation
“CEOs from two-thirds of America’s fastest-growing private companies report that innovation is an organization-wide priority, and almost all say it has had a significant, positive impact on their business. However, one in four of those citing innovation as a priority say they do not have an R&D budget.” “Companies Say Innovation a Priority But Lack R&D Budget”, SmartPros, LTD, March 16, 2005
Between 2003 and October 2005, more than twenty-five universities and national labs announced the creation or opening of nanotechnology research facilities. The average facility cost $44 million, has 117,000 square feet of space, houses 40 researchers and has an average annual operating budget of $28 million. What we haven’t seen is 20 or 30 corporations make a similar announcement. Why? A corporation would need to allocate $324 million over ten years to establish a similar nanotechnology facility that may or may not generate viable commercial products. And this is just one possible direction for research in materials science.
Corporations need access to basic
research. Lacking in-house facilities, many companies funded university
research. But over the last two decades, universities have
increasingly retained the results of their research, licensing to all
comers or spun-off private ventures. The result has been corporations
funding the research that forms the basis for new competitors.
Outsourcing has led to a decline in core competencies and in some cases
has also led to the creation of new competitors.
The most
reasonable approach is to diversify research into a broad range of
areas with many opportunities for cross-discipline collaboration. Such
an approach is considerably more expensive than most firms are willing,
or able, to bear. DbRD gives partner corporations a means to fund this
approach in a cost effective way while giving them greater access and
control of the research results.
DbRD plans to build a state-of-the-art research lab for up to one thousand researchers in basic and applied research fields. DbRD will provide the facilities, equipment, support staff and operational funding for in-house basic research teams and teams of applied researchers from our corporate partners. Corporate partners will have exclusive, continuing access to the basic research teams and their results.
Follow one of the links if you would like more information about our plans.
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