The U.S. is the world leader is research and development spending, in terms of both government and private sector spending. In 2009, the United States spent about $338 billion on research and development – China was the next closest, at about $124 billion.
What’s interesting is how that spending gets broken down: The federal government spends much more on the research side. Private industry focuses on development, creating products that can make more money.
That’s what makes Battelle Memorial Institute such an interesting place. I reported earlier this summer on Battelle, a nonprofit research and development organization in Columbus, Ohio, that brought us the technology behind bar codes, cruise control, tamper-proof bottles, and more.
That story focused on how to Battelle takes things from ideas to economic reality. Our friends at National Public Radio’s Morning Edition were interested in that story, so I’ve branched beyond our initial report and taken a second look at the company, and this time focused on how it prioritizes research-and-development spending. You can check out the new report here.