Federal Government Technology Transfer And Commercialization Programs Hearing
Federal Government Technology Transfer And Commercialization Programs Hearing
Finance United States Congress House Committee On Banki
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The device has become an industry standard and earned the company a 1988 R&D-100 Award. Total sales of the device have exceeded $10 million, and the company has 73-204 0-94-4 94 received more than $7 million of private sector funding for further development and commercialization. The Small Business Research and Development Enhancement Act of 1992 requires the Comptroller General to submit to the Congress a report on the SBIR program, including a systematic evaluation of the techniques adopted b...y Federal agencies to foster commercialization. In this regard, the Department of Energy has instituted a special training project for its award recipients, since so many small companies lack the business skills necessary for rapid commercialization of their technologies. Under this project, for the past four years, successful Phase II avy^ard recipients have been given individual assistance in business plan development and in preparing clear and concise visual materials describing a business opportunity that could be presented to potential sponsors.
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