Research and Development

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The United States is becoming an entrepreneurship and innovation economy, with the development of two markets: the market for ideas, in the form of patents, and the market for innovation, in the form of the commercialization of new technology.

Government research

President Barack Obama's 2015 Budget proposes $135.4 billion for federal research and development (R&D), an increase of $1.7 billion or 1.2% from 2014. [1]