Can R&D save the world's economy?

Buried in all the hand wringing about the collapse of the economy as we know it, a handful of folks are pushing for an economic revival built on technology, on R&D and brain power. The notion has even made it into corporate PR, as I found in the usual scour for ideas to feed LabNotes on Science|Business.

Ray O’Connor, president and CEO of a company that "designs and manufactures precise positioning products and solutions for the global surveying, construction, agriculture, civil engineering, mapping and GIS, asset management and mobile control markets," Topcon Positioning Systems, decided to have a rant in his "State of the Industry Message" about the need to continue spending on R&D even when the economy is at death's door. He is not alone, which is why it was worth writing R&D rides the recessionary bandwagon.

Research in magic circles

It is interesting to see how companies change their models of working with academics. One recent development, most visibly promulgated by Rolls-Royce, is the "university technology centre". UTCs, as Rolls-Royce dubs them, are big university teams with the company as the "sole proprietor". These centres work on specific issues that appeal to the company.

Originally a British phenomenon. RR now has UTCs all over the world. For example, one of the most recent, number 25, is in Darmstadt, where the Technical University in Darmstadt has a UTC that specialises in "the aerothermal interaction between the combustor and turbine".

Now we have a new variation on the theme. Well, GE Healthcare says it is new, but I gather that the late lamented chemical giant ICI did this sort of thing years ago. The new model is the "research circle," which I can across when writing about it for Science|Business, Research in magic circles.

Instead of a fragmented web of bilateral arrangements with dozens of different academic groups the company sets up a club of academics who work on different aspects of a subject. In this case the subject is a promising new way of doing magnetic resonance imaging, bringing it into the realm of "live" analysis of how drags treat cancer, for example.