Science and R&D
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As nations engage in a race for global advantage in innovation, ITIF champions a new policy paradigm that ensures businesses and national economies can compete successfully by spurring public and private investment in foundational areas such as research, skills, and 21st century infrastructure. In the area of science and R&D policy, ITIF promotes public and private investment in research and development through public funding for research at national laboratories and universities, tax incentives to encourage business R&D, and policies to spur technology transfer from lab to market.
Vice President, Global Innovation Policy, and Director, Center for Life Sciences Innovation
Information Technology and Innovation Foundation
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Featured
China Is Rapidly Becoming a Leading Innovator in Advanced Industries
There may be no more important question for the West’s competitive position in advanced industries than whether China is becoming a rival innovator. While the evidence suggests it hasn’t yet taken the overall lead, it has pulled ahead in certain areas, and in many others Chinese firms will likely equal or surpass Western firms within a decade or so.
Why Congress Should Restore Full Expensing for Investments in Equipment and Research and Development
The tax law allowing firms to fully expense their research and development (R&D) costs expired at the end of 2021, and full expensing of equipment costs will begin phasing out in 2023. This decreases firms’ incentive to invest in these key drivers of economic growth and competitiveness. Congress should restore and make permanent full expensing for these investments.
More Publications and Events
January 21, 2025|Events
The Worst Tech Policies of 2024: How the New Administration and Congress Can Turn the Page
Please join ITIF for a virtual panel discussion with technology policy experts who will highlight and critique the most counterproductive tech policies of the past year, and consider how the incoming administration and Congress can turn the page.
December 20, 2024|Blogs
R&D Under Attack: How the Loss of Immediate Expensing Reduces Innovation Inputs
It is time for Congress to restore the immediate expensing of R&D expenditures by passing the Tax Relief for American Families and Workers Act of 2024.
November 13, 2024|Testimonies & Filings
Comments to the UK’s Department for Business and Trade Regarding the Modern Industrial Strategy Green Paper
The UK government needs to make a choice: competitiveness and growth or heavy-handed regulation in the service of social policy. It can have one but not both.
November 4, 2024|Blogs
Fact of the Week: US Microbusinesses Reported $7.6 Billion in R&D Costs in 2022
Companies with less than 9 employees, also known as microbusinesses, reported $7.6 billion in R&D investments in 2022, of which $6.7 billion was invested domestically and $5.7 billion was performed by the microbusiness itself.
October 8, 2024|Op-Eds & Contributed Articles
How to Win Techno-Economic Competition with China
It is often said that the Chinese economy cannot innovate. This is a dangerous assumption.
September 25, 2024|Blogs
Twelve Tax Reforms to Spur Innovation and Competitiveness
U.S. tax policy needs to prioritize innovation and competitiveness—especially as China rapidly gains ground as a leading innovator in advanced industries.
September 18, 2024|Events
Can China Innovate in Advanced Industries?
Please join the Information Technology and Innovation Foundation for an expert briefing event to discuss the findings of a 20-month ITIF investigation into Chinese firms’ innovative capabilities in key advanced industries, including robotics, chemicals, nuclear power, electric vehicles, semiconductors, AI, quantum computing, and biotechnology.
September 16, 2024|Reports & Briefings
How Innovative Is China in the Display Industry?
Chinese companies have become leading innovators in display technologies, in addition to becoming the largest global producers. China’s display industry has grown as a result of extensive subsidies, rampant intellectual property theft, and economies of scale.
September 14, 2024|Op-Eds & Contributed Articles
The World’s Innovation Fire-Breathing Dragon
Forget the nonsense that China can’t innovate. Beijing may well come out on top in advanced industries.
September 9, 2024|Reports & Briefings
How Innovative Is China in Quantum?
China’s lead in quantum communications is undeniable, but its overall quantum prowess is limited; without computing breakthroughs, the United States still holds the upper hand.
