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The Academy of Radiology Research featured in Nature Biotechnology journal
Date:6/9/2014

The Academy of Radiology Research reported in the current issue of Nature Biotechnology (Volume 32, Issue 6) that patent output from the National Institutes of Health (NIH) is vital to understanding which various areas of science are contributing most to America's innovation economy. The report, "Patents as Proxies: NIH Hubs of Innovation," confirms an increased economic value of NIH patents as compared to private sector patents, as well as meaningful differences in the rate and quality of invention across different research and development (R&D) investments.

"The Academy of Radiology Research undertook this analysis to address a need from the Office of Management and Budget (OMB) and the Office of Science and Technology Policy (OSTP) to develop econometric evidence to better guide federal R&D budgets," said Michael Kalutkiewicz, co-author of the report and senior director for government affairs at the Academy of Radiology Research. "Looking at the NIH as a whole, the results demonstrate that the quality of NIH's scientific discoveries can't be replicated by the private sector alone. However, when we look across the agency, the data also reveal meaningful differences in patent productivity and downstream economic impact between various areas of NIH-funded research."

Patents are widely-accepted as being vital to growing America's innovation economy, and the U.S. Congress and the White House have been taking steps to strengthen America's patent system. There is also a nascent movement, fueled by both the congress and the administration, to improve how the impacts of federal spending are measured in an effort to guide R&D investments.

According to
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Contact: Roxanne Yaghoubi
roxanne@acadrad.org
202-347-5872
Academy of Radiology Research
Source:Eurekalert

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