The report is from the NSF. ScienceInsider story, here. Overall I see this as a very positive trend. Academia will catch up as federal R&D investments grow–its a lagging indicator. On the business side, I see research partnerships between academia and industry as being ever more important. Those partnerships are currently at the center of our focus here at Krasnow and I think that emphasis will extend across academia.
All of this depends on some modicum of political stability as far Congress is concerned. But I think we have reason to be cautiously optimistic.