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Scientific funding cuts, technological innovation, and industry competitiveness; The US hESC research moratorium of 2001-09

Jong, S; Huang, H; (2014) Scientific funding cuts, technological innovation, and industry competitiveness; The US hESC research moratorium of 2001-09. In:

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Abstract

We use the US federal funding moratorium on specific types of Human Embryonic Stem Cell (hESC) research over the period 2001 and 2009 as a case study to highlight the short-term impact of scientific funding cuts beyond the academic work of those directly affected. The US funding moratorium not only slowed down scientific progress but also created broader uncertainty about the future of the stem cell research field. Using industry data, we show how the moratorium limited the transfer of novel technologies from US universities to industry, reduced the number of cell therapy projects initiated by US companies, and increased failure rates for projects that did get underway. These effects were specific to the US, and negatively affected the international competitive position of the US cell therapy sector. Our findings provide lessons that are relevant in current science policy debates.

Type: Proceedings paper
Title: Scientific funding cuts, technological innovation, and industry competitiveness; The US hESC research moratorium of 2001-09
Dates: 19 August 2014 - 23 August 2014
UCL classification: UCL > School of BEAMS
UCL > School of BEAMS > Faculty of Engineering Science
UCL > School of BEAMS > Faculty of Engineering Science > Management Science and Innovation
URI: http://discovery.ucl.ac.uk/id/eprint/1443616
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