National Innovation Strategies in the Global Economy
Edited by Göran Marklund, Nicholas S. Vonortas and Charles W. Wessner
1 Marc G. Stanley and Christopher J. Currens 8.1 BACKGROUND TO THE ATP The US Advanced Technology Program (ATP) bridges the gap between the research laboratory and the market place, stimulating prosperity through innovation. Through partnerships with the private sector, ATP’s early-stage investment is accelerating the development of innovative technologies that promise signiﬁcant commercial payoﬀs and widespread beneﬁts for the nation. As part of the highly regarded National Institute of Standards and Technology (NIST), the ATP is changing the way industry approaches research and development (R&D), providing a mechanism for industry to extend its technological reach and push the boundaries of what can be attempted. Technology research in the private sector is driven by today’s global, economic realities. The pace of technological change is faster than ever before, and victory goes to the swift. These realities force companies to make narrower, shorter-term investments in R&D that maximize returns to the company quickly. The ATP views R&D projects from a broader perspective – its bottom line is how the project can beneﬁt the nation. In sharing the relatively high development risks of technologies that potentially make feasible a broad range of new commercial opportunities, the ATP fosters projects with a high payoﬀ for the nation as a whole – in addition to a direct return to the innovators. The ATP has several critical features that set it apart from other US government R&D programmes: ● ● For-proﬁt companies conceive, propose, co-fund and execute ATP projects and...
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