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Word Count: 291
Direct or indirect funding of basic government research is conducted predominately through two sources public universities or private companys RD programs Public universities research and developments are shared openly with all commercial industries upon completion This fosters a higher benefit from the research resulting in commercial product development for the general population Unlike the private industry research and development that will fall into private firms patents and licensing requirements delaying the research developments into the open market slowing the development of that industry as a wholeResearch for the government is usually in areas where there is an immature or non-existent commercially established private market The primary reason for this is to avoid redundant expenditure of limited research resources on development of the same or very similar technology The government conducts basic research in areas that are outside the capability of private firms and that does not have a calculated return on investment or business case that is required for private research After the basic research is released to the private sector open market innovation occurs creating the business opportunity this is where the government will take advantage of the open market to develop products that will meet their unique requirements with little additional development stretching their research dollars Commercial efforts are focused in scientific technology or social areas as these are the areas that stimulate the GDP growth and create employment Opportunities to maximize the use of all research resources are need to be successful as a nation A starting point is to establish open collaboration between government and the commercial open market firms to align research goals through information sharing which will develop true innovation in areas that impact GDP Growth
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