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Goal 2:
To build a thriving economy driven by innovative,
entrepreneurial, and globally competitive companies
that make productive use of technology and the state’s
human, educational, and natural resources
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Objective
2.2 - To significantly
increase public and private research and development
activity |
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Research
and development serves as the basis for new
products and processes. While Louisiana compares
relatively well in university-performed R&D,
the state’s share of the nation’s
federal and industry R&D is extremely low.
Industry-performed R&D represents 75% of
the nation’s total R&D commitment.
Moreover, industry research is much closer to
the marketplace, so it is the most likely to
have a near-term commercial impact. To further
stimulate private R&D, in the 2002 Special
Session, Louisiana passed an R&D tax credit.
While this marketable tax credit should help,
Louisiana must continue to invest in university
research, encourage professors to seek research
grants, and continually search for new federal
R&D opportunities. Louisiana must also seek
new, creative ways of leveraging its university
research successes into larger industrial research
commitments. |
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| Benchmarks
to track progress toward Objective 2.2 include: |
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Research
& development expenditures per capita (percent
of national average) |
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Number
of patents issued per 10,000 business establishments |
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