Semiconductor Research Corporation (SRC) today applauded Feb. 6 testimony by the semiconductor industry to Congress supporting the funding of basic scientific research, not only for the benefit of the industry, but also for the advancement and economic development of society.
SRC President Larry Sumney states that SRC cannot emphasize enough the critical role university research plays in the future of technology and the nation’s economy in general. The world-class U.S. university system built through decades of steady government support serves as a foundation for public-private partnerships such as SRC.
“The messages communicated to Congress are exactly the reason SRC was created,” said Sumney. “Collaboration among industry, academia and government accelerates knowledge advancements, lowers risk and enables growth and innovation to continue for the benefit of industry and society as a whole. It represents a win-win-win.”
However, Sumney explains that collaboration requires these three sectors — industry, academia and government — to work in unison; take any one out of the equation, and the likelihood for success significantly diminishes. In order for consortia such as SRC to survive, government involvement is more important than ever. Moreover, basic research has a dramatically increased chance for success and return-on-investment when managed as part of a collaborative public-private program, according to SRC.
“Today’s technology-based economy critically depends on a robust university research enterprise — producing fundamental scientific advances and, just as importantly, well-educated scientists and engineers who can compete in a global economic playing field,” said Sumney. “What’s not easy is finding the resources, the brightest minds and the funds, to fuel that research, especially in challenging economic periods.
“Funding further research for future innovation is a delicate balancing act, to say the least. For more than 30 years, SRC-funded research has involved students, faculty and industry experts working together. In these challenging economic times, this model of collaboration needs to be extended.”
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