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Small Business Industrial Base is Eroding
We need more innovators, dreamers, researchers and tech firms.
They say a picture is worth a thousand words, so here’s a picture from the SBA’s new Small Business Data HUB. It shows the dramatic decline in the number of small businesses selling to the federal government: from 121,181 in Fiscal Year 2009 to 62,670 in Fiscal Year 2022. In just thirteen years, the number of small business primes has declined about 48%.
Some of the most significant areas of technological expenditure for the U.S. government include:
- Information Technology (IT) Infrastructure
- Cybersecurity
- Defense Technologies
- Health IT
- Artificial Intelligence (AI) and Machine Learning (ML)
- Space Technology
- Communication Systems
- Energy & Environmental Technologies
- Biotechnology
- Data Analytics & Big Data
Western democracies losing global tech race to China?
Research reveals that China has built the foundations to position itself as the world’s leading science and technology superpower,
- China’s global lead extends to 37 out of 44 technologies that ASPI is now tracking, covering a range of crucial technology fields spanning defence, space, robotics, energy, the environment, biotechnology, artificial intelligence (AI), advanced materials and key quantum technology areas.
- The Critical Technology Tracker shows that, for some technologies, all of the world’s top 10 leading research institutions are based in China and are collectively generating nine times more high-impact research papers than the second-ranked country (most often the US). Notably, the Chinese Academy of Sciences ranks highly (and often first or second) across many of the 44 technologies included in the Critical Technology Tracker. We also see China’s efforts being bolstered through talent and knowledge import: one-fifth of its high-impact papers are being authored by researchers with postgraduate training in a Five-Eyes country.
- China’s lead is the product of deliberate design and long-term policy planning, as repeatedly outlined by Xi Jinping and his predecessors.