Venture capitalists have renewed their love affair with U.S. research-based start-up companies, according to a new report from the policymaking body of the National Science Foundation.
Private investments in these powerful engines of economic growth plummeted after the 2008 recession, says the National Science Board in a white paper that supplements the 2012 edition of NSF's biennial Science and Engineering Indicators. "But we have begun to see some recovery," says Arthur Reilly, co-author of the report and retired senior director for strategic technology policy at Cisco Systems.
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