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.|
|Science & Technology Funding||Urges policymakers to restore investments in federal R&D funding to levels nearer to 1.2% of GDP. Recommends strategies to ensure federal dollars dedicated to R&D are used as efficiently as possible. Recognizes the function of federal S&T funding in educating future scientists and supports federal agency investments that are coordinated, complimentary, and broaden participation of underrepresented groups in STEM fields.|
|U.S. Business Climate||Supports a fair and level playing field that enhances competition and stimulates research and development. Supports policies that foster the growth of small research and development businesses and encourage entrepreneurship. Supports efforts to foster U.S. corporate tax and trade policies that will support American firms' competitiveness in the global business atmosphere. Supports reforms to the U.S. regulatory and intellectual property frameworks that will promote and minimize impediments to innovation,|