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Subra Suresh, Carnegie Mellon University president and former director of the National Science Foundation, talks about the need for more funding for the foundation during a talk at Alice Campbell Alumni Center in Urbana on Wednesday, Oct. 2, 2013.

URBANA — Among the challenges facing the U.S. "innovation ecosystem" are the ability to continually attract talented students and researchers and the lack of multiyear budget planning for federal funding agencies, like the National Science Foundation, said a former director of the agency Wednesday.

Science and engineering research is an "inherently long-term" investment, necessitating the need for not just an annual budget planning process, but planning five years out, said Subra Suresh, who was director of the National Science Foundation from 2010 to 2013.

Image: Heather Coit/The News-Gazette