Governments are encouraging investments in science because it gives an innovative edge thereby creating employment opportunities and helping them attains economic growth. This explains why they offer to fund various scientific researchers.
Undertaking a scientific project is not easy since it involves lots of cash right from writing the proposal to undertaking the project. Let us look at some of the advantages why governments encourage the investments in science.
One of the advantages of the scientific research is that it leads to discoveries that imply the quality of life, safety, and health. We have various diseases that affect human beings, and one of the most effective ways of dealing with them is through vaccines. The life science advisors take part in various scientific researches that lead to various discoveries.
By undertaking these research scientists can develop the life-saving vaccines. Some of the breakthroughs that have been realized as a result of these scientific researches include GPS, MRI, touchscreens, and the laser.
The primary role of any government is to provide job opportunities to its populous. It is not possible for the government to create these jobs; that is why it creates an enabling environment for the private investor. Scientific research leads to new companies, new technologies, and new industries which can create job opportunities.
Security is also essential to any country because in the absence of peace no meaningful development can take place. Terrorism is one of the significant threats that many governments have to deal with. One of the ways of dealing with terrorism and threats to terrorism is an investment in technology.
Research in science has led to cutting-edge innovations and technology that have given the security edge in fighting this vice. It has also helped in coming up with the life-saving therapy for the wounded security personnel.
Investing in science also helps the local community to thrive. Many research institutions like the university are usually the center of economy in the areas in which they are located. When an area attracts an educated workforce like the scientist, it will attract other businesses which will boost the local economy.