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Only private funding lets researchers do what they need to and leads to truly reliable results.
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Where's the supporting data to back up that claim?
One of the most cutting-edge research organization in the world is CERN, which is publicly funded through contributions by its member nations. Note that the world wide web, arguably the single most important commecial innovation of the last 25 years, was invented by a CERN researcher using public funds.
For a well-known Canadian example, Frederick Banting used public research grants while pioneering insulin treatment for diabetes. The Canadian government gave Banting a life-long annuity to continue his research.