In the United States, the federal government invests $148 billion annually in basic research, more than any other country. According to Phil Weilerstein, Executive Director of NCIIA, "While world-changing successes have resulted from this investment, an even greater opportunity exists to fully capitalize on this investment for the benefit of society. Additional pathways are needed to launch more innovators and generate more innovations with clearly identified applications and markets and effective approaches. Supporting the generation of robust innovation ecosystems around the university research enterprise is critical to generating career opportunities for emerging STEM graduate students, commercialization returns for universities and economic growth for the U.S. economy."About NCIIAThe NCIIA catalyzes positive social and environmental impact through invention and technological innovation by providing funding, training and mentoring for university faculty and student innovators. With support from The Lemelson Foundation, the National Science Foundation and a membership of nearly 200 colleges and universities from all over the United States, the NCIIA engages approximately 5,000 student entrepreneurs each year, leveraging their campuses as working laboratories for invention and innovation and incubators for businesses, and ultimately helping them to bring their ideas to market. For more information, please visit http://www.nciia.org.
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