On Oct. 7, 2009 at the National Medal of Science ceremony, President Barack Obama announced he would raise R&D’s spending as a percent of gross domestic product to 3%. The current R&D spending as a share of GDP is 2.62%.

“By investing in education, funding basic and applied research, and spurring private innovation, we will devote 3% of our gross domestic product to research and development. That's more than at any point in recent history,” Obama says.

Lab Management Certificate

The Lab Management certificate is more than training—it’s a professional advantage.

Gain critical skills and IACET-approved CEUs that make a measurable difference.

This is following Obama’s announcement the previous week, when the president said $5 billion in grant awards under the American Recovery and Reinvestment Act of 2009 will fund cutting-edge medical research in every state across America.

Source: The White House