Introduction
One way to sustain an economy that will create new jobs and increase the incomes of the
American people is to implement a strategy for using the Federal government's tremendous
assets. This strategy will help U.S. industry compete in a global economy by supporting
the development of new processes, technologies, and materials.
Much of the Federal government's annual research funding is allocated for the
development of research, processes, and prototypes. These efforts often result in many
new, usable technologies that have direct commercial applications.
New knowledge, processes, and products are emerging from research and development
(R&D) programs at Federal laboratories. The laboratories can then work closely with
U.S. business, industry, and state and local governments to disseminate this information.
The next logical step is to identify business and market aspects of a technology. The
technology transfer process is considered a successful effort when the technology is
implemented. Marketing, intellectual property resolution, and planning for
commercialization are essential before new technology becomes a product for commercial
application.
Technology transfer programs can help laboratories commercialize processes and products
and potentially help companies achieve capabilities in scientific and technical fields.
Currently, industrial and technological innovation in the U.S. falls short of efforts
in other industrialized nations. Technology and industrial innovation can offer an
improved standard of living, increased productivity, creation of new industries and
employment opportunities, improved public services, and enhanced competitiveness of U.S.
products in world markets.
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