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New Returns on Investment in the Knowledge Economy
Proposition 301 at Arizona State University; Three-Year Aggregate Report, FY 2002 - FY 2004
March 2005
University-based research activities in biodesign, nanotechnology, information science, materials science, and advanced manufacturing benefited Arizona's knowledge economy from 2002 through 2004 by attracting new federal and private funding and by producing highly skilled workers, new products, and spinoff companies, according to a recently released study by Morrison Institute for Public Policy, a unit of Arizona State University.
Morrison Institute's 19-page report, entitled New Returns on Investment in the Knowledge Economy: Proposition 301 at Arizona State University; Three-Year Aggregate Report, FY 2002 - FY 2004 analyzes results from ASU's three years of science and technology research under voter-approved Proposition 301 funding. The report updates portions of Morrison Institute's earlier groundbreaking studies, Seeds of Prosperity: Public Investment in Science and Technology, and New Returns on Investment in the Knowledge Economy, FY 2003.
“New Returns displays three years of ASU research outcomes in five categories relevant to the new economy,” said Rick Heffernon, senior policy analyst and author of the report. “The categories are new money, new programs, new ventures, new skills, and new talent. Research accomplishments and impacts in those areas,” said Heffernon, “should help Arizona become more competitive in the global knowledge economy by attracting science and technology leaders, and providing fertile ground for new companies and new scientific discoveries.”