--- title: "Meaning & Key Takeaway of: On the supply side, for innovation, you'd…" description: "\"On the supply side, for innovation, you'd say, go look at those R&D budgets, and they haven't moved in the last 20 years. In the case of the US - which..." image: "https://sms4smile.com/quotes/i/085/bill-gates-137_billions_on-the-supply-side-for-innovation-you-d_2874921.jpg" --- # On the supply side, for innovation, you'd say, go look at… ![“On the supply side, for innovation, you'd say, go look at those R&D budgets, and they haven't moved in the last 20 years. In the case of the US - which is the majority of R&D funding across every category you can name: health, energy, whatever - it's been about $5 billion a year from the…” quote by Bill Gates](https://sms4smile.com/quotes/i/085/bill-gates-137_billions_on-the-supply-side-for-innovation-you-d_2874921.jpg) [Download](https://sms4smile.com/quotes/i/085/bill-gates-137_billions_on-the-supply-side-for-innovation-you-d_2874921.jpg) [Open image](https://sms4smile.com/quotes/i/085/bill-gates-137_billions_on-the-supply-side-for-innovation-you-d_2874921.jpg) > “On the supply side, for innovation, you'd say, go look at those R&D budgets, and they haven't moved in the last 20 years. In the case of the US - which is the majority of R&D funding across every category you can name: health, energy, whatever - it's been about $5 billion a year from the Department of Energy.” [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. R&D spending has stagnated for decades, limiting innovation despite growing needs across sectors. **In simple terms:** Innovation stalls when funding stops growing. Key Takeaway Advocate for increased R&D investment. Themes innovation funding policy technology development Mood concerned optimistic Type analytical policy‑focused When to use this quote - government budgeting - corporate R&D planning - startup funding - academic research grants - technology roadmapping Key Concepts economic growth public policy research incentives global competition Questions to Reflect On - How can we ensure R&D money yields breakthroughs? - What policies could stimulate smarter investment? A Different Perspective Higher spending does not ensure effective use of funds. ★ ★ ★ ★ ★ No ratings yet [Billions](https://sms4smile.com/quotes/about/billions/) [Budgets](https://sms4smile.com/quotes/about/budgets/) [Cases](https://sms4smile.com/quotes/about/cases/) [Categories](https://sms4smile.com/quotes/about/categories/) [Department](https://sms4smile.com/quotes/about/department/) [Energy](https://sms4smile.com/quotes/about/energy/) [Funding](https://sms4smile.com/quotes/about/funding/) [Funding Category](https://sms4smile.com/quotes/about/funding-category-3953024/) [Havens](https://sms4smile.com/quotes/about/havens/) [Innovation](https://sms4smile.com/quotes/about/innovation/) [Innovation Say](https://sms4smile.com/quotes/about/innovation-say-3953022/) [Looks](https://sms4smile.com/quotes/about/looks/) [Majority](https://sms4smile.com/quotes/about/majority/) [Majority Funding](https://sms4smile.com/quotes/about/majority-funding-3953023/) [Moved](https://sms4smile.com/quotes/about/moved/) [Names](https://sms4smile.com/quotes/about/names/) [Sides](https://sms4smile.com/quotes/about/sides/) [Supply Innovation](https://sms4smile.com/quotes/about/supply-innovation-3953025/) [Years](https://sms4smile.com/quotes/about/years/) ## Related quotes > [Currently, the United States provides 22 percent of the U.N. annual budgets, over $900 million in fiscal year 2007, and some of that funding…](https://sms4smile.com/quotes/michael-mccaul/currently-the-united-states-provides-22-percent-of-the-u-n-annual/) [Michael McCaul](https://sms4smile.com/quotes/author/michael-mccaul/) > [I have to say that oil and gas revenues make up a large part of the Russian budget revenue. 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