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ACM TechNews

Obama Budget Boosts Science, Innovation

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U.S. President Barack Obama has proposed spending $3.7 billion on science, technology, engineering, and math (STEM) education in his 2011 budget, including increasing funding of K-12 education by nearly 40 percent from a year ago to $1 billion. Obama's plan also calls for tripling the number of U.S. National Science Foundation (NSF) Graduate Research Fellowships to 3,000 by 2013, providing $500 million to the U.S. Department of Education's Investing in Innovation Fund.

Meanwhile, NSF, the U.S. Department of Energy's Office of Science, and the U.S. National Institute of Standards and Technology would get a 6.6 percent increase in funding to $824 million in 2011, and their budgets would be doubled within five years. A record $66 billion would be spent on non-defense research and development (R&D).

Obama also wants to make the federal research and experimentation tax credit permanent, and start an approximately $12 million program for commercializing innovations in government R&D.

From Information Week
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