01/18/2025
This week, the President's Council of Advisors on Science and Technology (PCAST) submitted a 6-page letter to outgoing President Biden titled, "Future Opportunities for Science and Technology to Impact the Nation." 📝📑
The letter emphasizes the importance of basic science research as a foundation for innovation and societal progress. One of the elements I find most noteworthy about the letter is its reference to a trend initially reported by the National Science Board: business and industrial investments in science are outpacing federal/public investments in R&D. In fact, the business sector accounted for 76% of total U..S. R&D expenditures according to the 2024 NSB report.
As the letter highlights, industry research plays such a significant role in the biomedical research landscape; however, we must not overlook how much of this sector's success is derived from basic science. Basic research findings serve as the starting point for translational research--knowledge that industry researchers can leverage to design clinical trials, develop new drugs and medical devices, and improve existing treatments for humans (and animals!) alike.
PCAST's letter serves as an important reminder for the community as we continue to strategize on providing strong support for biomedical research. 👏👏👏
Today, the President’s Council of Advisors on Science and Technology (PCAST) sent a letter to President Biden on the crucial role that science and technology plays in empowering our nation. The letter provides examples of future challenges and opportunities that our dynamic science and technology ...