The share of research and development funding supported by the private sector has increased over the past three decades.

Research and Development Funding

Financial resources allocated for investigative activities with the intention of making discoveries that can help develop new products or services, or to improve existing ones.

Private Sector

The part of the economy that is owned and operated by individuals and private companies, rather than by the government.

Increased

Describes a situation where a quantity or value becomes larger or greater over time.