Delivered January 23, 2020. Contributor: Jennifer P.
Gain a comprehensive analysis of basic research and basic science, including trends around basic research in the US and globally, funding trends, life science vs. other areas, definition, and key insights and challenges in the space
Basic research is defined as the "systematic study directed toward greater knowledge or understanding of the fundamental aspects of phenomena and of observable facts without specific applications towards processes or products in mind".
Insights & Challenges
Basic research funding is on the decline due to research having a greater dependence on corporate funding, which has an emphasis on potential profit and thus performance drives dollars invested.