I need to read more details on this because everything I’ve seen in the past 30 years has involved industry shutting down basic research.
Maybe it’s more true in some fields (biotech?)
How is this counted? If it’s based on tax figures, there’s a lot of corporate “R&D” that gets written off that wouldn’t be considered research in an academic setting.
Those numbers come from NSF, so I assume the definition of "basic research" would align with NSF.
The rise in basic research in industry coincides with the rise of technology as a major component of the US economy decades ago. I suspect these are not unrelated. The growth of deep tech investment by the private sector probably has a lot to do with it.
