H.R. 4400, the Small Business Innovation Development Amendment Act of 1992: Hearing Before the Subcommittee on Procurement, Tourism, and Rural Development of the Committee on Small Business, House of Representatives, One Hundred Second Congress, Second Session, Washington, DC, April 2, 1992, Volume 4

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Page 32 - US HOUSE OF REPRESENTATIVES COMMITTEE ON SMALL BUSINESS SUBCOMMITTEE ON PROCUREMENT, TOURISM AND RURAL DEVELOPMENT...
Page 48 - ... production. Unlike today's airplanes, these aircraft were nearly identical to the 707s that Boeing produced for commercial applications. The United States developed worldwide dominance in aircraft in the 1950s that has lasted up to today, just as the US medical products industry is second to none. In most other industries, the government does not fund beyond the R&D level (eg, consumer electronics, autos, steelmaking. etc.). It seems dear that when the government teams up with academia and industry,...
Page 49 - The ovemacdon would be disastrous, comparable to saying that vaccines should be outlawed because we can prove that for every 100,000 lives saved by a vaccine, one person will have an allergic reaction. It is time that we facilitate positive events rather than let a low-probability evil event keep us from taking action. The only way to avoid conflicts completely Is to do nothing. That solution is not economically acceptable. The US government has the potential to significantly improve the international...
Page 10 - Mr. Chairman, I am sorry I was late getting here this morning, but I want to get straight in my mind, Mr.
Page 29 - Technology The Office of Technology has authority and responsibility for directing and monitoring the governmentwide activities of the- Small Business Innovation Research Program (SBIR) and the Small Business Technology Transfer Program (STTR). In accordance with the Small Business...
Page 41 - NDE, a member of the Institute for Physical Research and Technology at Iowa State University, in cooperation with the Industrial Materials Research Institute, National Research Council of Canada.
Page 45 - MIT alumni- founded companies in Massachusetts alone, with revenues in 1988 of approximately $40 billion. Another study identifies 225 MIT spinoff companies in Northern California, with 1989 revenues of $22.5 billion. In addition to creating new companies, MIT has extensive interactions with existing companies, including collaborative research and faculty-consulting relationships. SpinofF companies are...
Page 47 - ... the Standard & Poor's 500 tenfold in the last 20 years (Figure 6). These companies are like small companies in that the key decision makers care about the long-term success of the company and not the next quarter's results. For example, Motorola has one family that owns more than 10% of its shares; that family is actively involved in managing the company. This ownership enables Motorola to more aggressively invest in high-risk, high-payoff technologies, because the family wants to pass the -3shares...
Page 24 - SBIR agencies differ in their responses to this goal, as shown by their wide variation in average sales per project, which ranged from a low of $161,000 for NASA to a high of $677,000 for HHS.
Page 49 - ... is a potential that a few conflicts will be generated by accelerating the interactions between industry- and government-funded researchers, but conflict can be managed, and the good of technology transfer far outweighs the possible negatives. Properly constructed technology transfer programs apply a small amount of money where it has the likelihood to generate enormous benefits. Figure 1...

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