Thorn
Member
It depends on what sort of basic research you're talking about. Today there was an important story (research just published in Nature) about embryonic stem cells provoking improvement in spinal injuries. It was rat work, thus falling into the realm of "basic" research, but nevertheless it was specifically targeted work that if successful (and it appears that it was successful) would have tremendous benefits for the company. It was reported that following the announcement of the publication of these findings, the company's stocks soared.
Other types of basic research, the sort of "fact-finding" that entails so much of research in this category, are not necessarily directly tied to a specific ailment and thus do not attract as much private funding. In my own field, the disorder is not contagious, for instance, and is restricted to a very small segment of the population, so when overall funding is tight the purse strings tend to remain closed for basic, etiological or even descriptive research. We find ourselves now working in the treatment side of things -- good in its way because the side effects of traditional treatments can be horrific -- but not really helpful in the long run. If research becomes more end-goal targeted, much of this fact-finding activity will suffer. This is most unfortunate because many if not most major findings have arisen from serendipitous circumstances.
Other types of basic research, the sort of "fact-finding" that entails so much of research in this category, are not necessarily directly tied to a specific ailment and thus do not attract as much private funding. In my own field, the disorder is not contagious, for instance, and is restricted to a very small segment of the population, so when overall funding is tight the purse strings tend to remain closed for basic, etiological or even descriptive research. We find ourselves now working in the treatment side of things -- good in its way because the side effects of traditional treatments can be horrific -- but not really helpful in the long run. If research becomes more end-goal targeted, much of this fact-finding activity will suffer. This is most unfortunate because many if not most major findings have arisen from serendipitous circumstances.