alt Hacker News15 years ago you could argue that venture capital wasn't funding enough advanced tech, so ideas were failing to cross the gap from pure research to commercial development. But lately there's capital available for quantum computers, fusion, synthetic bio, space exploration, asteroid mining, and lots more. The government is going to suck at funding the right things. They should leave tech transfer to private investors, and focus on funding pure science.
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>The government is going to suck at funding the right things.
The government is actually really really good at funding the right things. The grant process has been extremely successful in directing funding efficiently towards cutting edge ideas. It does this by handing off the decision making to experts who review proposals rather than having political/profit driven kingmakers.
In contrast corporate/VC money mostly only funds the latest shiny bauble that may result in exit liquidity in a few years. The minority investments in things like fusion are still only applied work and are built on decades of unprofitable basic science.
In other words. Government funding has basically funded every science/tech breakthrough of the last 80 years.
Tax payers fund the research, they should get a cut of whatever company uses that research.
> quantum computers, fusion, synthetic bio, space exploration, asteroid mining
Poster children for tech with no realistic commercial prospects. Projects in these fields have been pipe dreams for decades. Where are any commercial products in the areas of fusion reactors? Quantum computers? Asteroid mining operations?
If private investors want to fund this stuff, fine. As long as they don't come seeking bailouts later.