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By National Research Council, Policy and Global Affairs, Technology, and Innovation: An Assessment of the Small Business Innovation Research Program Committee on Capitalizing on Science, Charles W. Wessner

According to a Congressional mandate, the nationwide study Council performed a overview of the Small enterprise Innovation study application (SBIR) on the 5 federal corporations with SBIR courses with budgets in way over $100 million (DOD, NIH, NASA, DOE, and NSF). The undertaking used to be designed to reply to questions of application operation and effectiveness, together with the standard of the learn initiatives being performed lower than the SBIR application, the commercialization of the learn, and the program's contribution to reaching corporation missions. the 1st in a chain to be released based on the Congressional request, this file summarizes the shows at a symposium convened first and foremost of the venture. The record presents a complete evaluate of the SBIR program's operations on the 5 organisations chargeable for ninety six percentage of the program's operations.

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And National Research Council, The Small Business Innovation Research Program: An Assessment of the Department of Defense Fast Track Initiative, op. cit. 78 Likewise, debates about public-private partnerships, especially the type that emerged in the 1980s and 1990s, have sometimes been more ideological than analytical in nature. 80 The task of the Committee is, thus, not to determine if the nation should have an SBIR program; that decision has repeatedly been taken by the Congress. Rather, the Committee’s charge is to assess its operations and accomplishments, and to consider how it might be improved.

Uncertainties in Early-Stage Financing In the United States today, the beneficial effects of science-based innovations are apparent in almost every arena—from health care and communications to leisure and defense applications. 45 Potential investors seek to learn about the growth potential of small firms, yet in many cases, the entrepreneur—especially in high-technology startups—is likely to better understand the technology and may well foresee its probable application better than potential investors.

Louie, “In-Q-Tel A “Nonprofit Venture Capital Fund,” in National Research Council, A Review of the New Initiatives at the NASA Ames Research Center, C. : National Academy Press, 2001. 71 Relatedly, see the discussion of David Audretsch, Duncan Moore, and Paula Stephan on the challenges of “Gauging Commercial Success,” summarized in the Proceedings and highlighted in this Introduction. INTRODUCTION 27 An additional concern is that SBIR awards might “crowd out” or replace private capital. 72 Interestingly, there is some positive evidence that programs like SBIR can prompt “crowding in” of private capital.

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