Since World War II, deep innovation in America has largely come through federal funding of academic research. Government funding is essential for supporting national needs like defense and for helping our technology industries. The government plays an irreplaceable role in supporting research that is deep, broad and diffusible— the kind of work that has the potential to transform our science and create new industries.
However, since 1960s the federal R&D has diminished while industrial R&D has grown. Meanwhile, universities are becoming more entrepreneurial as their federal support shrinks. While we benefit from the start-up companies that universities spin off, we have to solve a country-size job crisis and develop new initiatives to protect deep innovation.
Read more here about Prof. Ken Dill and his calling for more academic research and a protected portfolio of deep innovation