Fedscoop April 24, 2019
The document, “Unleashing American Innovation” details options for enhancing how federally funded inventions move from the laboratory to the marketplace. The options include streamlining federal regulations, encouraging public-private partnerships, engaging with private-sector investors, building a more entrepreneurial workforce and more. The paper does not prescribe policy, but it does offer suggestions for how future policy might be crafted. According to the paper the government invests about $150 billion annually across 300 federal laboratories as well as U.S. universities and private sector R&D institutions. The Lab-to-Market CAP goal aims to get more of the innovations created out of federal funding into the hands of private companies where they can see commercial success…read more.