Disastrously risk-averse government funded R&D

U.S. universities have attracted great young scientists and engineers from all over the world, many of whom choose to remain in the country, strengthening our institutions and enterprises. Two critical features of this system are now threatened: the support of young people and their unique potential to take risks and explore promising new ideas; and a merit-based selection of scientists and engineers to populate academia and industry, viewing everyone as equal, regardless of the nation in which they were born.

 

The current grant opportunities for starting a new independent research career in academia have not only become increasingly unavailable to young scientists and engineers, but are also disastrously risk-averse. At the NIH, the proportion of all grant funds awarded to scientists under the age of 36 fell from 5.6% in 1980 to 1.5% in 2017. One might ask the rhetorical question: How successful would Silicon Valley be if nearly 99% of all investments were awarded to scientists and engineers age 36 years or older, along with a strong bias toward funding only safe, nonrisky projects? Similarly, at the U.S. Department of Energy and its National Laboratories, high-risk, high-reward research and development has been severely limited by extreme volatility in research funding and by very limited discretionary funding at the laboratory level.

That was “Two Threats to Science.” Pointer from Tyler.

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