Greetings from D.C. Federal laboratory technology transfer works. It creates high-wage jobs; enhances local, regional and federal tax receipts; supports small businesses; and stimulates economic development. These are the general findings of a recent Navy-sponsored study on the economic impacts of a sampling of technology transfer agreements implemented between Navy labs and various partners between 2005 and 2009.
The Economic Contribution of the Department of the Navy Technology Transfer Program, conducted by the Indiana Business Research Center (Indiana University, Kelley School of Business), highlights the economic impact of 103 of the 620 technology transfer agreements with naval laboratories during that period. While this is only a small sample of the hundreds of Navy agreements—and the thousands of active federal technology transfer agreements across all agencies—at any one time (see the caveat below for extrapolating these results beyond the studied group), the results are impressive nonetheless.
To read the full, original article click on this link: Federal Laboratory Consortium for Technology Transfer
Author: Gary Jones
