Technology

:See also: Innovation

Funding for Technological Development

Government

The government is a major contributor to the development of technology. In the United States, many agencies invest millions of dollars in new technology.

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Military technology

Technology has frequently been driven by the military, with most modern applications being developed for the military before being taken up for civilian use. However, this trend has recently seen a reversal, with the industry often taking the lead in developing technology which is then adopted by the military.

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Other

Some government agencies are dedicated specifically to research, such as the American's National Science Foundation, the United Kingdom scientific research institutes, the American's Small Business Innovative Research effort. And many government agencies dedicate a major portion of their budget to research and development.

Related Topics:
National Science Foundation - Scientific research institutes - Small Business Innovative Research

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Private source

For profit

Research and development is one of the biggest investments made by corporations toward new and innovative technology.

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Non-profit