PHILADELPHIA–(November 6, 2013) – University City Science Center President & CEO Stephen S. Tang, Ph.D., MBA,
advocated for more effective ways to maximize the nation’s return on its investment in Federally funded research and
development, as he testified at a hearing of the U.S. Senate Committee on Commerce, Science & Transportation on
Wednesday, November 6, 2013 in Washington, DC.
The hearing, chaired by Sen. John D. (Jay) Rockefeller IV (D-WV), examined why the Federal government must continue
to invest in R&D, technology transfer and STEM education, and how these investments drive innovation and the U.S.
During his remarks, Dr. Tang supported the reauthorization of the America COMPETES Act, as well as an increase in the
allocation of existing Federal funding for translational research, commercialization, and tech transfer by universities and
companies alike, as a complement to the nation’s historic emphasis on basic research.
Dr. Tang also called for the expansion of the ability of tech-based economic development organizations like the Science
Center, which are not degree-granting academic institutions, to apply for and secure Federal grants from the National
Science Foundation and other agencies. “These moves would enable organizations like ours to ultimately help speed the
acceleration of cutting-edge technologies from lab to market,” he explained.