NSF slashes basic science program budgets by up to 30% to fund new $1.5B tech commercialization initiative
By
Jeffrey Mervis
Summary
The National Science Foundation (NSF) is cutting budgets for hundreds of its traditional basic science programs by 20-30% or more, despite its overall budget being down only 3%. The cuts have not been publicly explained, but insiders suspect the goal is to redirect funds toward a new $1.5 billion initiative launched last month aimed at commercializing NSF-funded discoveries into new products and industries. The shift has resulted in a sharp drop in grants this fiscal year.
Source
bskyNSF slashes basic science program budgets by up to 30% to fund new $1.5B tech commercialization initiativescience.orgKey quotes
· 2 pulledThe National Science Foundation (NSF) is trimming this year's budgets for hundreds of its traditional basic science programs by 20% to 30% or more even though its overall budget is down just 3%
Sources within and outside the agency, who did not want to be named, say they suspect the goal is to free up funds for a new $1.5 billion initiative, launched last month, meant to turn NSF-funded discoveries into new products and industries.
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