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The Advanced Technology Program: A Private-Public Partnership for Early Stage Technology Development

Published

Author(s)

C Chang, F A. Moris, Andrew J. Wang

Abstract

The Advanced Technology Program (ATP) supports early stage technology development efforts by U.S. companies. The ATP provides funding support to high-risk R&D projects that have potential for broad-based economic benefits for the nation. The rationale for government support of R&D rests on theory and evidence that the social benefits of R&D are greater than the private returns. The ATP has been active in supporting entrepreneurial start-up firms. The role of ATP as a public-private partnering program extends from providing critical funding to early stage technology projects, and also includes aspects of encouraging collaboration among firms and other organizations, fostering information exchange, and facilitating technology entrepreneurship activities.
Citation
Venture Capital
Volume
4
Issue
No. 4

Keywords

early stage R&D, early stage technology development, government R&D program, public-private partnership, social rate of return on R&D

Citation

Chang, C. , Moris, F. and Wang, A. (2002), The Advanced Technology Program: A Private-Public Partnership for Early Stage Technology Development, Venture Capital (Accessed January 19, 2022)
Created October 1, 2002, Updated February 17, 2017