The link between basic research and innovation

When it comes to funding and resourcing innovation, it is crucial to identify the importance of various phases of innovation.  For instance, pure research can often feel a million miles from anything fit for release onto the market, but is nonetheless a crucial part of the pipeline that underpins those innovations that are nearer to the market end of things.

With a lot of public money going into such pure research having strong ROI metrics attached to it, being able to see the value in work at such an early stage of the innovation process is key.

A recent study set out to do just that and find a clear connection between pure scientific research and patentable inventions.  The research looked at any connections that exist between every single patent issued between 1976 and 2015 by the US Patent and Trademark Office (of which there were around 4.8 million), and every single journal article published since WW2 (around 32 million).

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