Accelerating government R&D with private financing
Name
457065402-MIT.pdf
Description
Full printable version
Size
4.14 MB
Format
Adobe PDF
Checksum (MD5)
66cfb1bfeb8ebf44005275a268b9528a
Author(s)
Corzine, Andy Robert, 1970-
Advisor(s)
John Van Maanen.
Alternative Title
Accelerating government research & development with private financing
Accelerating government research and development with private financing
Date Issued
2009
Publisher
Massachusetts Institute of Technology
Abstract
In this thesis, I argue that accelerating government research and development (R&D) with private financing could simultaneously improve the nation's war fighting readiness and economy. I submit that better utilization of United States Department of Defense (DoD) laboratories through alternative acquisition and development strategies can address current inefficiencies. I also suggest that public-private partnerships (PPPs) provide an opportunity to improve the nation's "technological innovation system." For-profit industries have much different business and funding models than the DoD. Entrepreneurial enterprises for bringing new technologies to the market abound. The questions addressed here are two-fold: (1) How can the business models and funding techniques from the private sector be effectively applied to a government organization such as the Naval Weapons and Armaments Center of Excellence (NWA CoE); and (2) Can a generalized and repeatable process in this domain be identified? I present a case for alternative financing for government R&D and I suggest that the NWA CoE is poised to experiment in this realm. I list many benefits of PPPs, but note that motivating Venture Capitalists or other non-traditional investors in government technology development efforts is a critical but challenging factor. I outline specific recommendations that NWA CoE management could implement in the near-term. With respect to a more generalized and repeatable process in the broader government domain, I suggest some long term recommendations.
Description
Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management, 2009.
Includes bibliographical references (p. 72-74).
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
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