Joint Ventures, Universities, and Success in the Advanced Technology Program

Michael Darby (), Lynne Zucker () and Andrew Wang

Contemporary Economic Policy, 2004, vol. 22, issue 2, 145-161

Abstract: America's most innovative firms (with 40%+ of U.S. patents assigned to U.S. entities during 1988–96) participate, often repeatedly, in the Commerce Department's Advanced Technology Program (ATP). Participation significantly increases firms’innovation (patenting) while receiving ATP support versus before and after. Firms generally increase patenting by 5–30 patents per year when participating—up 4 to 25% from before participation. University participation in a project increases firm patenting. Funding amount matters for single participants (often startups with small R&D budgets) with positive impact limited to firms with large grants. For joint ventures, participation is more important than funding level. (JEL O3, H5, L24)

Date: 2004
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