Joint Ventures, Universities, and Success in the Advanced Technology Program
AbstractAmerica's most innovative firms (with 40%+ of U.S. patents assigned to U.S. entities during 1988-96) participate, often repeatedly, in the Commerce Department's Advanced Technology Program (ATP). Participation significantly increases firms'innovation (patenting) while receiving ATP support versus before and after. Firms generally increase patenting by 5-30 patents per year when participating-up 4 to 25% from before participation. University participation in a project increases firm patenting. Funding amount matters for single participants (often startups with small R&D budgets) with positive impact limited to firms with large grants. For joint ventures, participation is more important than funding level. (JEL "O3", "H5", "L24") Copyright 2004 Western Economic Association International.
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Bibliographic InfoArticle provided by Western Economic Association International in its journal Contemporary Economic Policy.
Volume (Year): 22 (2004)
Issue (Month): 2 (04)
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- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- H5 - Public Economics - - National Government Expenditures and Related Policies
- L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
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