Obama’s Budget Would Grow Federal R&D By 4 Percent
President Barack Obama’s new budget request boosts total research and development funding by 4 percent, compared to current levels.
The new budget sets aside $152 billion for R&D, including $33.1 billion for biomedical research at the National Institutes of Health. It also includes $7.7 billion in discretionary spending on clean energy R&D and $2 billion on “cutting-edge manufacturing R&D,” among many other projects.
Increased funding could potentially allow NIH to fund almost 10,000 new scientific projects competing for grants, according to the budget document. It would also support the president’s Precision Medicine Initiative, meant to personalize patients’ medical treatment according to genetic and environmental factors, as well as a federally funded neurological research project called Brain Research through Advancing Innovative Neurotechnologies, or “BRAIN.”