| Abstract: | The research-and-development consortium is a promising means for pursuing development projects that are difficult to justify by the classical criterion of return on investment to the individual firm. New consortia are being formed in many generic and industrial technologies often with the encouragement and support of government. This paper outlines a seven-stage process by which new consortia are being formed and the six strategies that motivate firms to join consortia (pooling, acceleration, sharing, blocking, linking, and multi-path). Differences in the focus, means, and policy concerns of technology transfer are outlined for each stage and strategy. |
