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Pages 23-34

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From page 23...
... They often contribute to national missions in health, energy, the environment, and national defense and to the nation' s ability to capitalize on its R&D investments.
From page 24...
... a. Partnership structures, as diverse as the SBIR program, the Advanced Technology Program, and SEMATECH, demonstrate that partnerships, if properly structured, can yield positive results commensurate with their objectives and challenges.
From page 25...
... While the U.S. venture capital industry is well developed and often plays a key role in the innovation process, it does not provide early stage equity funding for some innovations.4 In fact, current trends in the venture industry particularly the increase in deal size may make certain types of small, early-stage financing less likely, despite the overall increase in venture funding.5 b.
From page 26...
... c. Concerns about the crowding out of private capital by public funds may be overstated.
From page 27...
... FINDINGS AND RECOMMENDATIONS 27 b. As a result of these changes, financial support for such disciplines, as physics, chemistry, and engineering has fallen in real terms over several years.
From page 28...
... See also Kenneth Flamm and Qifei Wang, "SEMATECH Revisited: Assessing Consortium Impacts on Semiconductor Industry R&D" in National Research Council, Securing the Future, op.
From page 29...
... i7See National Research Council, Securing the Future: Regional and National Programs to Support the Semiconductor Industry, op.
From page 30...
... Such cooperation is particularly relevant in the global semiconductor industry as it faces unprecedented technical challenges associated with sustaining Moore's Law.~9 i8The ATP program at NIST and the Fast Track program initiated at the Department of Defense are examples of regular evaluation and the integration of its lessons in program operations. See National Research Council, The Advanced Technology Program—Assessing Outcomes, op.cit., and National Research Council, SBIR—An Assessment of the Department of Defense Fast Track Initiative, op.cit.
From page 31...
... FINDINGS AND RECOMMENDATIONS 31 III. Partnerships should be embarked on a case-by-case basis and should draw, where applicable, on previous experience.
From page 32...
... 32 G O VERNMENT- IND US TR Y PA R TNER SHIP S other promising sectors such as biotechnology. In particular, the level and distribution of resources and the evolving roles of universities, laboratories, and private investors require innovative policy responses.


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