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education can give America the competitive
edge
· Among the recommended
implementation steps is the creation of a merit-based scholarship
program to attract ten thousand exceptional students to science
and math teaching careers each year. 4-year scholarships, worth up to $20,000
each year, should be designed to assist some of the country's top students
obtain bachelor's degrees in physical or life sciences,
mathematics or
engineering -- with concurrent certification as K-12 math and science
teachers. After graduation, they would be required to work for a minimum
of 5 years in public schools. Participants who teach in disadvantaged
rural
or inner-city areas would receive a $10,000 yearly bonus. Each of
the ten thousand teachers would serve about one thousand students over the course of
a teaching career, having an impact on ten million minds, the report
says.
Sustain and strengthen the nation's commitment to
long-term basic research.
· Policy-makers need to
increase the national investment in basic research by ten percent each
year over the next seven years. Special attention should be paid to the
physical sciences, engineering, mathematics, and information sciences,
and to basic research funding for the U.S. Department of Defense, the
report says.
· Policy-makers also
should establish within the U.S. Department of Energy an organization
called the Advanced Research Project Agency -- Energy (ARPA-E) that
reports to the undersecretary for science and sponsors "out-of-the-box"
energy research to meet the nation's long-term energy challenges.
· Authorities should make
200 new research grants annually -- worth $500,000 each, payable over
five years -- to the nation's most outstanding early-career researchers.
Best and Brightest
Develop, recruit, and retain top students,
engineers and
scientists from both the USA and overseas. The US should be considered the most attractive
place in the
world to study and conduct research, the report says.
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· Each year, policy-makers
should provide 25,000 new, competitive 4-year undergraduate
scholarships and 5,000 new graduate fellowships to U.S. citizens
enrolled in physical science, life science, engineering, and mathematics
programs at U.S. colleges and universities.
· Policy-makers should
provide a one-year automatic visa extension that allows international
students to remain in the United States to seek employment if they have
received doctorates or the equivalent in science, technology,
engineering, mathematics, or other fields of national need from
qualified U.S. institutions. If these students then receive job offers
from employers that are based in the United States and pass a security
screening test, they should automatically get work permits and expedited
residence status. If they cannot obtain employment within one year,
their visas should expire.
Incentives for Innovation
Ensure that the USA is the premier place in
the world for innovation. This can be accomplished by actions such as
realigning tax policies to encourage innovation,
modernizing the United States patent system, and ensuring affordable broadband Internet access, the
report says.
· Policy-makers should
provide tax incentives for innovation that is based in the USA. The
Congressional Budget Office and the
Council of Economic Advisers should conduct a comprehensive analysis to examine how the
US compares with other countries as a location for innovation and
related activities, with the goal of ensuring that the country is one of
the most attractive places in the world for long-term investment in such
efforts.
The Research and Experimentation Tax Credit is currently
for companies that increase their Research and Development spending above a predetermined
level. To encourage private investment in innovation, this tax credit, which
is scheduled to finish in December, should be made permanent. And
Congress and the administration should increase the allowable credit
from twenty percent to forty percent of qualifying Research and
Developing investments.
The study was sponsored by the National Academies,
which comprise the
National Academy of
Engineering, National
Academy of Sciences, Institute of Medicine, and National Research
Council. These are private, nonprofit organizations that provide
science, technology, and health policy advice under a congressional
charter.
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