MODERNIZING R&D FOR THE 21ST CENTURY – The United States spends more than any other nation on research and development (R&D) each year, investing over $150 billion in federally funded R&D alone. The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has released a draft green paper detailing steps to modernize the U.S. system of technology transfer and innovation for the 21st century. The actions outlined in the green paper would help maximize returns on the taxpayer investment in R&D. The document lays out actions aligned with five strategies: 1) identifying regulatory impediments and administrative improvements; 2) increasing engagement with private sector experts and investors; 3) building a more entrepreneurial R&D workforce; 4) supporting innovative tools and services for technology transfer; and 5) improving understanding of global science and technology. The complete green paper is available at

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