ATP
awards to industry for advanced technology development have
stimulated industry to spend more of its own funds on this
type of R&D than it
would have otherwise.
- Approximately
one-third of ATP awardees reporting in ATP’s
proprietary Business Reporting System state that without
ATP they would not have pursued their project. Their combined
cost-share commitment of $214 million reflects an investment
that they say would not have occurred without the ATP award.
- An additional 43 percent of the organizations report they
increased their investment in the ATP-funded technology
area as a result of ATP funding, beyond what the investment
otherwise would have been, by approximately $248 million
in the aggregate.
- In combination,
ATP has stimulated industry to invest more than $460
million in company funds beyond what they would have
invested without ATP.
- The
additional investment in advanced technology development
represents a 60 percent increase in industry’s own
investment in this type of R&D.
From a technical perspective,
increased R&D funding allows
the companies to:
- Broaden the scope of their project, solve bigger problems,
and take on a higher level of technical risk,
- Increase the
probability of achieving technical success.
From a business perspective,
increased R&D funding to accelerate
technology development allows companies to:
- Enter the marketplace sooner,
- Increase their chance of getting
ahead of potential competitors and meet a window of opportunity.
____________________
1 Based
on Business Reporting System (BRS) reports from 591 companies
in 319 ATP projects funded 1993-1998 – after one or more
years of ATP funding.
Factsheet 1_D1 (January
2002) |
