RISK & INNOVATION

Small Companies in Six Industries: Background Papers Prepared for the NAE Risk and Innovation Study

NATIONAL ACADEMY PRESS
WASHINGTON, D.C.
1996



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Risk & Innovation - Small Companies in Six Industries: Background Papers Prepared for the NAE Risk and Innovation Study RISK & INNOVATION Small Companies in Six Industries: Background Papers Prepared for the NAE Risk and Innovation Study NATIONAL ACADEMY PRESS WASHINGTON, D.C. 1996

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Risk & Innovation - Small Companies in Six Industries: Background Papers Prepared for the NAE Risk and Innovation Study NATIONAL ACADEMY PRESS 2101 Constitution Avenue, NW Washington, DC 20418 NOTICE: The National Academy of Engineering was established in 1964, under the charter of the National Academy of Sciences, as a parallel organization of outstanding engineers. It is autonomous in its administration and in the selection of its members, sharing with the National Academy of Sciences the responsibility for advising the federal government. The National Academy of Engineering also sponsors engineering programs aimed at meeting national needs, encourages education and research, and recognizes the superior achievements of engineers. Dr. William A.Wulf is interim president of the National Academy of Engineering. Partial funding for this effort was provided by the Alfred P.Sloan Foundation. The views expressed in this volume are those of the authors and are not presented as the views of the Sloan Foundation, the Committee on Technology, Management, and Capital in Small High-Tech Companies, or the National Academy of Engineering. Copyright © 1996 by the National Academy of Sciences Available in limited supply from: Program Office National Academy of Engineering 2101 Constitution Avenue, N.W. Washington, D.C. 20418 Printed in the United States of America

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Risk & Innovation - Small Companies in Six Industries: Background Papers Prepared for the NAE Risk and Innovation Study COMMITTEE ON TECHNOLOGY, MANAGEMENT, AND CAPITAL IN SMALL HIGH-TECH COMPANIES HENRY KRESSEL, Chairman, Managing Director, Warburg, Pincus & Company ELWYN R.BERLEKAMP, Professor of Mathematics, University of California, Berkeley H.KENT BOWEN, Professor of Technology and Operations Management, Harvard University, Graduate School of Business Administration RUTH M.DAVIS, President and CEO, Pymatuning Group, Inc. JOSEPH F.ENGELBERGER, Chairman, Transitions Research Corporation GERALD D.LAUBACH, Retired President, Pfizer Inc. ROBERT A.PRITZKER, President and CEO, The Marmon Group, Inc. ROLAND W.SCHMITT, President Emeritus, Rensselaer Polytechnic Institute GEORGE L.TURIN, Retired Vice President, Teknekron Corporation NAE STAFF BRUCE GUILE, Director, Program Office JANET HUNZIKER, Program Officer SIMON GLYNN, Research Associate DAMIAN SACCOCIO, NAE Fellow VIVIENNE CHIN, Administrative Assistant

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Risk & Innovation - Small Companies in Six Industries: Background Papers Prepared for the NAE Risk and Innovation Study CONTENTS     Introduction Simon Glynn   1     Advanced Displays and Visual Systems Damian Saccocio   11     Implantable and Surgical Medical Devices Annetine Gelijns, Nathan Rosenberg, and Gerald Laubach   33     Computer Software Simon Glynn   61     Environmental Testing Laboratories and Instruments Charles Bangert Jr. and Richard Lynch   83     Network Services and Terminal Devices Janet Hunziker and Simon Glynn   109     Outdoor Sporting Goods Bruce Guile   125     NAE Sector Workshops   143     Workshop Participants   145

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Risk & Innovation - Small Companies in Six Industries: Background Papers Prepared for the NAE Risk and Innovation Study RISK & INNOVATION Small Companies in Six Industries: Background Papers Prepared for the NAE Risk and Innovation Study

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