Author : Gibson Esang Asuquo
Release : 2009
Genre :
Kind : eBook
Book Rating : 268/5 ( reviews)

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Book Synopsis An Analysis of Successful Commercialization of Federally Funded R & D Energy Technologies by : Gibson Esang Asuquo

Download or read book An Analysis of Successful Commercialization of Federally Funded R & D Energy Technologies written by Gibson Esang Asuquo. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt: Several studies indicate that commercialization of federally funded R & D technologies to private sector remains low. In an extension of research demonstrating relative effectiveness of various technology-transfer mechanisms used by the Department of Energy (DOE) in transferring federally funded R & D technologies, this study quantitatively analyzed 52 Industrial Technology Program (ITP) funded R & D technologies, from 1993 through 2006, to understand commercialization success of DOE's funded R & D technologies, based on the correlative significance between independent variables (R & D durations and levels of funding) and dependent variable (technology commercialization output). No statistically significant linear relationship was found between the studied variables. the R2 (the coefficient of multiple determination) value indicates that only three percent (0.03) of the change in the output of commercialized technologies can be explained by the change in the two independent variables. the results of this study have led to an important conclusion that the research, development, and deployment (RD & D) of federally funded energy technologies is complex and a non-linear process. the problem requires a consideration of other factors and a research design that can accommodate the complexity involved. However, as determined by this study, the ITP technology commercialization output (success rate) of 22% is nearly two times as high as the 14% Booz-Allen estimate for the rest of U.S. industry. A quantitative research (such as this study) that attempts to understand the relative significance of correlational relationship between R & D variables appears to offer insufficient explanations as to why the federal government is not getting high technology commercialization output from its dollar investments in R & D. Some qualitative research approaches could move this important research to the next level in the future. Further research in this area should focus on causal effects between R & D variables. the study should attempt to identify the effect that could be caused by an early involvement of angel investors, venture capitalists, and end-users of technologies during RD & D. Successful commercialization of energy technologies requires targeting the most promising innovations that may be jointly supported by public and private sector. A few suggestions on how to improve commercialization of federally funded R & D are outlined in Section 10.3 of this study.