ATP’s impact on accelerating development and commercialization of advanced technology

One of ATP’s legislated mandates is to accelerate industry’s development and commercialization of new technologies. This survey of 28 projects funded in 1991 found that ATP helped cut technology development cycle time by 50% in most cases. Slightly more than half of the interviewees provided quantitative estimates of the economic value of reducing cycle time by a single year. Most interviewees expected the positive impact on cycle time experienced in the applied-research stage to flow through to later stages in the technology development cycle allowing them to enter the marketplace more quickly. Cycle-time improvements in other technology development projects were attributed by the companies to their ATP project. Two types of acceleration were implied: (1) overcoming delays in starting technology development projects, and (2) speeding up performance of research once it is under way. This paper is based on work performed by the author when she was serving as an industry consultant to the National Institute of Standards and Technology (NIST). The author acknowledges the contributions of Rosalie Ruegg, Richard Spivack, Ernesto Robles, and Gregory Tassey, all of NIST, to the study. In addition, she expresses appreciation to the 28 company representatives who participated in the project interviews.