You know, we've talked about a lot in the past about research and development in the United States. The private sector now outspends the federal government on basic research and development by, you know, 7 to 3. So 70% of basic R and D is by the private sector. So they play a very critical role in our, in our larger innovation ecosystem. (03:28–03:37)
CLAIM
Asserts that the private sector outspends the federal government on basic R&D by a ratio of 7 to 3.
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