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We can no longer assume that we can separate things into neat little categories like basic and applied research and hope that they meet up somewhere down the line. At the same time, with the world moving as fast as it does now, private industry needs help to stay abreast of it all.
"In our country today there are two principal groups that are largely underserved in our K-12 educational system: the most brilliant and the most economically disadvantaged." - Norman Augustine