September 15, 2016
U.S. research and development (R&D) performance rose to $477.7 billion in 2014 -- an increase of $21.1 billion over the previous year -- and is estimated to hit $499.3 billion in 2015, according to a new report from the National Center for Science and Engineering Statistics (NCSES).
The NCSES report looks at two different aspects of the U.S. system: the performance of R&D by businesses, government agencies, higher education institutions and other organizations, and the funding sources used by these sectors to perform that R&D.
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