Historically, university management has proved better for long-term research projects than corporate governance.
MIT Intelligence Quest will thus provide a platform for long-term research, encouraging the foundational advances of the future.
The 200-page report includes a host of recommendations for long-term research efforts, economic policies and initiatives in the private sector.
But an increase in weapons-development funding is largely responsible for the record R&D spending: overall support for long-term research is down.
Global Centers Research Grants enable faculty to produce compelling, well-crafted external funding proposals by laying the groundwork for long-term research projects.
He points to the Internet as an example of the need for long-term research and financing, since development of the technology used to transmit data online required two decades of government support.
"The challenge facing us and other big food companies today is not easy: to have a great-tasting product without as much salt, fat and sugar," said Greg Yep, senior vice president for long-term research and development at PepsiCo.
But some scientists argue that there's a need to revise strategies for long-term research to fill gaps in research, better examine underrepresented fields, and address limits in design and data collection.
"It shouldn't grow for colds and flu, but for bioterrorism, there is room for it to grow," said Hank McKinnell, the chairman and chief executive of Pfizer Inc., adding that the government should allow the industry to bid for long-term research contracts at prices that will be profitable for the companies.
After she'd had surgery and radiation at New York Hospital, she was discouraged from investigating what other treatment she could get at Memorial SloanKettering; among some non-cancer doctors at that time, Memorial had a reputation for subjecting patients to debilitating protocols that might be more valuable for long-term research than for the patient's well-being.
