The document discusses the US innovation ecosystem and funding flows. It outlines the major government research agencies that provide over $150 billion annually for research, including NIH, NSF, DOD, NASA, DOE. It also describes the roles of universities that receive $65 billion for research, federally funded R&D centers that receive $10 billion, and state/local R&D funding of $3.6 billion. The ecosystem also includes technology transfers between government, universities and private industry, as well as risk capital from VCs and angels that fund startups and support innovation commercialization.
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