Cover Image


View/Hide Left Panel

Finally, start up companies need money. In the United States, there is a wide variety of sources for funds to commercialize technology, including risk capital and individuals, who are known as "angels." Venture capitalists are critical to many innovative companies but they are actually involved in a small number of cases, and one should not overemphasize their importance to technology commercialization. Many small firms obtain a large boost from alliances with larger corporations, which increasingly work as "hunters and gatherers" of new technology instead of owning and developing it themselves. Finally, beyond the existence of potential financing, governments must ensure that there are tax and other incentives for investors and entrepreneurs to risk their money in technology commercialization.

The National Academies | 500 Fifth St. N.W. | Washington, D.C. 20001
Copyright © National Academy of Sciences. All rights reserved.
Terms of Use and Privacy Statement