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Commerce Secretary Calls for Government, Private Sector and Academic Actions on Innovation Measurement

January 18, 2008

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The Department of Commerce on January 18, announced sweeping steps for federal statistical agencies to gather data on one of the largest and most elusive drivers of the U.S. economy--innovation. Until now, few steps have been in place to allow the United States to measure how innovation impacts the economy--and therefore develop polices to foster it. The announced measures include comprehensive accounting of the effect of high-tech goods and services. Full Story

Department of Commerce

The National Science Foundation (NSF) is an independent federal agency that supports fundamental research and education across all fields of science and engineering. In fiscal year (FY) 2018, its budget is $7.8 billion. NSF funds reach all 50 states through grants to nearly 2,000 colleges, universities and other institutions. Each year, NSF receives more than 50,000 competitive proposals for funding and makes about 12,000 new funding awards.

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