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by ptero
1387 days ago
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It is not the amount of funding, it is the allocation that doomed R&D at big companies. Forty years ago they were the best game in town for applied research (defining applied as, on success, having a fast track to commercialization). Later it became similar to the university research: on success, you write some articles, get company wows, but business people have no idea where to stick it and half heartedly throw a few applications at it to see if any stick. Most don't (e.g., deep blue, watson). At this point large company R&D centers got passed over (by a lot) by VC- funded applied research and saw a (IMO well deserved) drop of funding. |
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Also, in the spirit of helpfulness, "passed over" is the wrong turn of phrase as used here; it implies "declined or rejected" (as in, being passed over for a promotion at work). I think "surpassed" or "leap-frogged" are closer to your intended meaning. HTH! :)