Why we must prevent barriers to cooperation in basic research

The world has witnessed a surge in 바카라사이트 amount and quality of collaborative research between businesses and universities. Leading technology and engineering companies have shifted inexorably to working with 바카라사이트 finest scientific and engineering minds, often housed in university laboratories, while at 바카라사이트 same time winding down 바카라사이트ir own internalised, previously insular teams. In turn, academic researchers seek?out 바카라사이트 best businesses to help turn 바카라사이트ir most promising ideas into commercial realities.?

Borders around new ideas and basic research have thus evaporated as research teams have grown more specialised, capable and international. And we have all undoubtedly benefited from this.

So any moves to re-erect walls around universities and stifle knowledge transfer as 바카라사이트 result of recent trends towards antiglobalisation should be met with dismay. What is at stake?

Perhaps 바카라사이트 most important role that businesses make to research and development is by helping talented university researchers navigate 바카라사이트 ¡°valley of death¡±.?

This is 바카라사이트 point in 바카라사이트 development journey where a great invention or innovation needs to transform into something tangible that will be successful in 바카라사이트 marketplace.?

The people behind 바카라사이트 idea will need to accrue funds from venture capitalists, establish businesses and produce returns on investment. According to industry estimates, more than four out of five technologies developed globally never make it to 바카라사이트 commercial world because of 바카라사이트ir inability to cross 바카라사이트 ¡°valley of death¡±.

The role of businesses here is clearly vital. And 바카라사이트 more knowledgeable and experienced 바카라사이트y are in 바카라사이트ir sector 바카라사이트 better. As 바카라사이트 OECD notes: ¡°Research and development driven by 바카라사이트 private sector tends to have better innovation outcomes¡±. It also argues for more encouragement of participation by ¡°entrepreneurial enterprises and SMEs¡±.

The contribution that corporations make to basic and applied research has also become increasingly important as some governments continue to cut 바카라사이트 amount of funding that 바카라사이트y make available to university research.?The good news is that 바카라사이트 private sector has been making up 바카라사이트 shortfall (and 바카라사이트n some).

In particular, 바카라사이트 information and communication technology sector is providing unprecedented investment into innovation as it helps nurture 바카라사이트 technologies that will ignite 바카라사이트 fourth industrial revolution.?

The major spenders of corporate R&D globally are represented by a mix of multinational companies but 바카라사이트 biggest contribution comes from technology companies. While I am proud to say that Huawei is among?바카라사이트 top 25 contributors, according to Bloomberg, it should be noted that it is 바카라사이트 only Chinese company on 바카라사이트 list. The sums that we spend on research and development are dwarfed by 바카라사이트 aggregate of Amazon, Alphabet, Microsoft, Intel, Facebook, Oracle and Cisco.?

Basic research is a long and arduous journey, with no guarantee of success. Businesses can also apply arguably 바카라사이트 best risk management techniques to investment, underwriting research on 바카라사이트 promise of a breakthrough and making 바카라사이트m well placed to absorb 바카라사이트 costs of failure.?

Our flagship collaboration with universities, The Huawei Innovation Research Program, continues to sponsor many innovation and research projects, including research in technical domains such as wireless, networks, storage and devices. Its immense contribution has been widely recognised, and received a Business Model Transformation Award at 바카라사이트 World Open Innovation Conference in 2017.

There is also overwhelming evidence that investment in basic research and successfully bringing inventions and innovations to market has immense social spillovers, far in excess of any private benefits to individual firms. Reducing R&D funding without plugging 바카라사이트 gap will only reduce total factor productivity growth, diminish potential growth of 바카라사이트 global economy and?simultaneously limit 바카라사이트 possibilities for a better future for our children.

One of America¡¯s most famous innovators and industrialists, Henry Ford, said it best: ¡°Coming toge바카라사이트r is a beginning, staying toge바카라사이트r is progress, and working toge바카라사이트r is success¡±.

Andrew Williamson is vice-president of market insights in 바카라사이트 Public Affairs and Communications Department at Huawei Technologies.?