Emerging Technology

day one project

Creating a National Fellowship for Entrepreneurial Scientists and Engineers

11.05.20 | 1 min read | Text by Ilan Gur & Cheryl Martin & Fernando Gómez-Baquero

Summary

The next administration should establish a national fellowship for scientists and engineers to accelerate the transformation of research discoveries into scalable, market-ready technologies. Entrepreneurship is driving innovation across the U.S. economy—with the troubling exception of early-stage science. Transitioning scientific discoveries from the laboratory into prototypes remains too speculative and costly to garner significant support from industry or venture-capital firms. This makes it difficult for many of our nation’s science innovators to translate their research into new products and puts the United States at risk of falling behind in the quickly evolving global economy.

Entrepreneurial fellowships for scientists and engineers have emerged as an effective strategy for translating research into new products and businesses, showing tremendous early impact and a readiness to scale. The next administration should advance this proven strategy at the federal level by creating a national entrepreneurial fellowship. This new entrepreneurial fellowship would leverage our nation’s investments in science to drive national prosperity, security, and global competitiveness.