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Defense innovation at any (out of control) cost? The stalemate of today’s R&D policy, and an alternative model

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  • Renaud Bellais

    ()
    (European Defense and Security at Astrium, Paris and Department of Economics, École Spéciale Militaire St Cyr Coëtquidan)

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    Abstract

    Technological superiority is a key element to achieve defense effectiveness, and R&D spending is crucial to access leading-edge technologies. Nevertheless, the current defense R&D model seems to reach its limits, leading to an out-of-control burden: in spite of spending almost i70 billion yearly, defense R&D in NATO countries does not produce the expected results. This low effectiveness leads to criticism about today’s model of defense R&D, especially the channeling of credits by large incumbents through the Lead System Integrator model. Spurring disruptive technologies and path-breaking innovation requires an alternative approach. It is then interesting to analyze the possible use of venture-capital mechanisms to complement the mainstream approach to defense R&D. Even though the article does not develop a full analysis of the relationship between defense R&D and the principles of venture capital, it identifies criteria for such an alternative approach.

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    Bibliographic Info

    Article provided by Economists for Peace and Security (UK) in its journal Economics of Peace and Security Journal.

    Volume (Year): 4 (2009)
    Issue (Month): 1 (January)
    Pages: 6-13

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    Handle: RePEc:uwe:journl:v:4:y:2009:i:1:p:6-13

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    Related research

    Keywords: defense burden; defense technology; R&D; disruptive innovation; lead-system integrator; venture capital;

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