Vivek Wadhwa writes:
The University of Virginia’s provost, Tom Katsouleas, once told me that less than one percent, by his estimates, of basic research is commercialized and that there may be as few as one near-term commercialization for every $10 million invested in fundamental research. This is an awful waste, especially when America is undergoing a reinvention in which entire industries are being wiped out and new ones are being created...[more]