Materials Technologies for the Process Industries of the Future Management Strategies and Research Opportunities (2000) / Chapter Skim
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Management Strategies
Management Strategies
Pages 33-40
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From page 33... ...
Crosscutting Approach Although R&D on crosscutting technologies is an effective way to leverage OTT research funding, finished products based on these technologies are not likely to be of equal value to multiple industries, largely because of the specific needs of each industry. To identify and develop a commercializable technology that would solve specific problems in several industries, OTT will first have to identify precompetitive research areas (towards the "basic" end of the research spectrum)
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From page 34... ...
The panel should perform the following functions: rank industry priorities and select programs assist in developing program metrics (to measure progress) review programs annually Specific Needs of Industries Government programs sometimes have unintended impacts on commercial investments in growing areas of the economy.
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From page 35... ...
Although this is a logical progression, OTT has not fully addressed the following questions: I The road maps, in general, are shopping lists of many projectsranging from projects that would require massive resources (e.g., "to develop a coal-based process that produces liquid iron directly from coal arid ore fines or concentrate" fAlST, 19983)
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From page 36... ...
Economic Impact as a Metric The successful transition of a product Dom R&D to the marketplace has been enthusiastically supported by the U.S. Congress as a means of improving the status of depressed industrial sectors that must compete in a global market.
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From page 37... ...
benefits when evaluating proposals, and the portfolio should include some high-risk projects. Carefully chosen high-r~sk programs will challenge current technologies with innovative systems and procedures that might meet OTT's goals and provide substantial economic benefits from investments Measures of Project Success OlT has not been able to declare a project successful because the criteria for a successful program were not specified at the outset.
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From page 38... ...
Barriers to Commercialization An understanding of, and sensitivity to, the financial hurdles and businessvalue concepts associated with project selection in a commercial environment are the most common barriers to the successful commercialization of technologies developed by OTT. During the evaluation stage of new projects, more attention should be paid to the economic impacts benefits of the product on the commercial market.
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From page 39... ...
The establishment of industry-expert positions in DOE could help provide oversight of the project development process. Industry experts would bring an industrial perspective to the DOE programs and maximize the probability of their successful commercialization.
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