we should have tripled nsf when we doubled nih. . research bonds for a large very expensive project with the potential to generate huge savings if they work, it's worth exploring issuing bonds to finance the research which would then pay out some fraction of the savings, this would have the benefit of taking important projects off budget and raising much larger sums of money than the federal government is likely to appropriate. congressman michael burges has proposed a version of this idea with the mind act for alzheimer's research bonds, similar models could apply to large infrastructure investments as governors mitch danielles, arnold wells and mike leavitt have all demonstrated for financing major roadways in their states. if we simply rationalized the absurd identity of the bureaucratic process, we could create 3 million more jobs. finally, for research and development, the return is less obvious savings to the taxpayer, may nonetheless be worthwhile prizes are good for a couple reasons, taxpayers don't pay a thing unless and unt

so that's also the goal of the icor program that nsf has developed. again, that came after i had started so i wasn't able to take advantage of that program. but one of the main things that they have, people who are thinking of being entrepreneurs do is to test the market, to actually go out and talk to your potential customers, to your potential strategic partners and understand what is the market need? because oftentimes we develop technology because we think it's great only to find that there's no one thattel really wants that telling. so you want to make sure that you don't waste that time. and they've been able to reduce the possibility of that happening significantly. >> how important is venture capital funding to getting that technology to market? >> dependant on how much money you have. if you're able to generate revenue early, you may not need to get inventory occur capital funding. but if it's going to take a control amount of time to get that kind of traction where you're generating millions of dollars that can support all of your employees

we should have tripled at nsf when we doubled nih. let me quickly offer two bold big ideas for research at the federal level. the first is research bonds. for a large, very expensive projects with the potential to generate huge savings if they work, it is worth exploring issuing bonds to finance the research which would then pay out some fraction of the savings. this would have the benefit of taking important projects off budget and raising much larger sums of money than the federal government is likely to appropriate. we are developing this idea for brain research bonds with gar an stag lan and pete correlly at one mine and steve high man at harvard. they have proposed a version of the idea with the mind act for alzheimer's research bonds. similar models could apply to large infrastructure investments as governors daniels, schwarzenegger and levity has demonstrates with innovative for financing major roadways in their state. philip howard has argued if we rationalize the infrastructure we could create 3 million more jobs with the sam

i was glad to hear him say he got his only mistake was tripled the budget for the nsf. three cheers for speaker gingrich on that. since then, we have headed in the wrong direction. we have cut and cut and cut support for basic research. as a matter of the ultimate success of americans. we need to support research and good jobs in america. we need to support the research because we need to make sure america doesn't go bankrupt trying to do it medical problems in the future. i want to thank everyone for being here today. thank you all. >> it is interesting when president obama was in kenya i sat up until 5:00 in the morning and watched his speech. he said we did not inherit what we have from the environment and opportunities from our ancestors did they borrow them from our children. we borrow them. the question is what are we going to provide for our children? when you look at research, making sure people have the best medical care making sure we take care of innovation and open the door for jobs good jobs and the united state that have impact over the world. it is all co

i am delighted to hear you talk about tripling the nsf budget.y agree with you but i focus for a minute on the nih. this is the crown jewel of medical research, supporting the work of more than 300,000 researchers, including hundred 45 nobel prize winners at more than 25 hundred institutions. this work expands our understanding of biomedical science and saves lives. for decades congress increased the nih budget year over year and in the late 1990's, both parties worked together to double the budget. you are the architect of that historic achievement. i think it should be a lesson for today's congress -- a lot of people think we are too partisan to get much of anything done but i don't think anyone would describe the late 1990's as the golden age of nonpartisanship. despite that, you successfully built bipartisan coalition to support nih funding. you got it done so that is what i want to ask about. despite the divides, why was it that members of both parties decided that nih funding was so important in the late 1990's? speaker gingrich: i think th

he tweeted road shotgun in uber to nsf. here's wayne. >> presidential hopeful arriving not in limbo seen but uber car. forward thinking and that's what former florida governor bush intended today but did anyone mention to him how in california the uber now faces a 7 million dollar fine and one month suspension. >> violating if legitimate law along the way tell exploiting workers in some fashion there's ways to address it but the fact is that this is, this is disrupting the old order. >>reporter: finding new order one reason jeb bush asked to visit thumb tack in san tran this morning. web site employs 350 people. connects consumer who need jobs with contractors who want to do them. all part of a new 21st century sharing economy fitting the bush theme of government guest out of the way. reporters covering him have heard multiple version of the message across the nation. >> a lot of times he will like to point out that he gets this new economy. that he understands uber. he has an apple watch. oyn vegas and sharing economy adve

i'm delighted to talk about tripling the nsf budget. i strongly agree.t to focus on the national institutes of health. this is the crown jewel of medical research, supporting the work of more than 300,000 researchers including 145 nobel prize winners at more than 2500 institutions. this work expand our understanding of biomedical science and leads to new drugs new technology, saves money and save lives. for decades congress increased the nih budget year over year over year. been in the late 1990s both parties worked together to double the budget. you were the architect of that historic achievement. now, i think she'd be a lesson for states congress got a lot of people think that we are far too partisan to get much of anything done by they don't think anyone would describe the late 1990s as the golden age of nonpartisanship. this bike that, you successfully build bipartisan coalition is but despite that -- bipartisanship funding to you got it done so that's what i want to ask about. despite the deep divide why was it that members of both parties decided t

i like it that you worked closely with your railroad partners, nsf, union pacific amtrak to make sure that their technologies were inter operable and worked hard to acquire the funds needed to fund the implementation of your system. i want to point out that 85% of the funds that metro link used to fund the rollout were from the state of california and local sources only 15% were federal. ptc is clearly a top priority for me and it really is for the american people. i think when the american people hear that we can prevent train accidents and deaths of people by the implementation of ptc, they are also very frustrated that many railroads are not going to be meeting our deadline. but i will say i'd like to go on record and agree to disagree with chair pan denham that i don't think we should take money from the california high speed rail to pay for ptc, california high speed rail has it within their budget to make sure that there is ptc on the california high speed rail project. we need to find money for both. i'm going to ask mr. hath i can't say my first question, and we've heard from

that is why sun didn't like nsf and nih is so important. we've seen a shift in our research portfolio and towards more applied research and development and that is important. that is terrific, too but it doesn't make up for what you need over the longer run. a longer one perspective is important. >> with limit the questions for those already in mind because we do have some type trades. >> woodrow wilson center. thank you for this different presentation. one feature you didn't mention is the trade and current account deficit was growth but also over time the industrial structure you have which is often linked the innovation system which gets back to the productivity growth. t. think making more focus and how should we ourselves focus over time? >> that is a terrific question. just to clarify my goals here give you not as an up-to-date to which is some ideas about how to read numbers and then spend them, combine them. the trade deficit or a similar concept that is definitely important. it shows up in gdp. gdp is what we do domestically, plus