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Total R&D expenditures in the US are expected to increase about 2.5 percent from the $283.8 B spent in 2003 to nearly $291 B in 2004, according to Battelle–R&D Magazine’s annual funding forecast.
Government funding of scientific research and development will see the largest increase, while industrial support of R&D will increase only slightly in 2004, according to the closely watched forecast.
The forecast, based on data supplied by the National Science Foundation, predicts:
‘The focus area of R&D appears to be shifting in the first half of the 21st century,” said Jules Duga, a Battelle senior researcher and co-author of the report. “R&D research now has a significant focus on nanotechnology, biotechnology and support of defense and homeland security. This is a shift from growth drivers in the mid- to late-1990s when R&D was dominated by pharmaceutical, software, telecommunications and semiconductor technologies.”
The federal outlook:
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