But the trend toward more corporate research abroad has its dangers.
To stay at the forefront, however, it is now necessary to invest in corporate research.
Lagging corporate research has put the nation's edge in high technology at risk.
The plan suggests that part of the space could be occupied by private businesses teamed with the university in corporate research and product development.
On the whole, only 10 percent of American corporate research and development funds is spent abroad.
Additionally, corporate research topped $15.2 million, an increase of 21% over the previous year.
In the future, it will also carry corporate research and commercial data.
He backs efforts to expand tax credits for corporate research and development expenses.
In our view, corporate research should be funded from company profits, not the public purse.
Its alumni are found in universities, corporate research, Wall Street and government.