Government-funded R&D boosts private sector innovation and economic growth.
The article discusses how government funding for research and development can benefit the private sector. It looks at when the government should invest in these programs, how likely private companies are to get involved, and what factors are important in planning these initiatives. The study evaluates whether the benefits of public investments outweigh the costs. It also explores how public sector research and development can help private companies bring new products and services to market. The economic value of government-funded R&D is highlighted, with a focus on a case study involving NASA-sponsored research for new communication services.