Foster Innovation through Research and Technology
ACS Policy Priority
Investments in science and engineering have produced more than half of U.S. economic growth since WWII. Strong support for chemistry and other R&D is central to our nation’s global competitiveness, productivity, defense, public health, energy security, and environmental progress. Although the engines of innovation are largely in private hands, the federal government provides nearly 60 percent of all support for basic research. This investment fosters new knowledge, industrial innovation, and the training of future scientists and engineers. Government also plays a key role in fostering a healthy climate for innovation through tax policy, international standards, intellectual property, and other incentives.. ACS supports efforts to
- Promote sustained federal investments in R&D, science infrastructure, and industrial innovation to enhance U.S. global competitiveness.
- Encourage federal research agencies to experiment with new grant structures designed to maximize the impact and effectiveness of research funding.
- Speed up the development and commercialization of new technologies that promote energy independence, environmental sustainability, national and homeland security, human health, and other national goals.
- Foster U.S. tax and trade policies that improve the competitiveness of U.S. entrepreneurs and companies.
- Promote incentives and reduce economic, regulatory, and intellectual property barriers to the development of new technologies and associated science and technology jobs.
|Innovation and Competitiveness||Supports investment in a world-class workforce through education and training. Supports predictable and sustained commitments to basic research and technology development. Supports development of a sustainable infrastructure for innovation.|
|Energy Policy||Urges policymakers to lead in formulating a comprehensive, forward-thinking and sustainable energy policy that weighs national security, economic and environmental impacts. Supports the development of wide-ranging policies to address the needs of the four U.S. energy sectors.|
|Funding - Science & Technology at Various Agencies (FY13)||Supports predictable and sustainable funding for the basic science agencies and cautions the administration to focus on the long-term benefits of scientific research rather than short-term economic impacts such as immediate job creation.|
|U.S. Business Climate||Supports policies that will make American firms internationally competitive. Supports reforms to the U.S. patent and IP framework that promotes innovation. Supports policies designed to improve technology transfer and commercialization of breakthroughs spurred by federal research investments.|