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Thursday, May 23, 2013

NEW FASEB FACTSHEET PROMOTES THE VALUE OF FEDERALLY FUNDED RESEARCH

Bethesda, MD – The Federation of American Societies for Experimental Biology (FASEB) has released a new factsheet highlighting the value that federally funded biomedical and biological research provides to the American public as well as the private sector. The factsheet provides specific examples of National Institutes of Health (NIH) and National Science Foundation (NSF) funded research that leads to improved health, a strengthened the U.S. economy, and the development of new technologies, products, and industries. It also notes that the private sector depends on federal funding for basic research to create the knowledge necessary to support applied research.

FASEB encourages the scientific community to share this factsheet with members of Congress during the upcoming Memorial Day recess (May 27 – May 31). "We must remind our elected officials that publically and privately funded research are complementary, not interchangeable," said FASEB President Judith S. Bond, PhD. "Yesterday, the House Appropriations Committee approved spending limits that could cut fiscal year 2014 funding for NIH nearly 20 percent below the sequestration level and further reduce the budget for NSF. Additional cuts to the NIH and NSF budget will hurt our quality of life and severely undermine U.S. innovation and development."


FASEB is composed of 26 societies with more than 100,000 members, making it the largest coalition of biomedical research associations in the United States. Our mission is to advance health and welfare by promoting progress and education in biological and biomedical sciences through service to our member societies and collaborative advocacy.
URL: http://www.FASEB.org

Contact Person: Jennifer Zeitzer (jzeitzer@faseb.org)

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