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1.C.1:
ATP and the States
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ATP Partnerships with States Lead to:
Leveraging
- Every state has
programs to support new business enterprises, but few
states provide direct funding for the development of
high-risk technology R&D. The ATP provides R&D
funding to support development of high-risk technology.
- States and ATP funding complement each other, resulting
in additional investment from the private sector.
- The ATP has received applications from 50 states and made
awards in 40 states, plus the District of Columbia.
Collaboration
- In 1996, the ATP signed an agreement with the Science and
Technology Council of the States. They agreed to cooperate
in outreach, technical and business assistance to applicants,
and to facilitate the formation of joint ventures.
- One-third of ATP projects are joint ventures.
Economic Clusters
- Location, near a cluster of resources such as universities
and other firms, is critical in the development of both a
new technology and a firm.
- The ATP promotes regional clustering by fostering cross-state
collaboration.
University Involvement
- Universities are involved in more than half of ATP projects.
Factsheet 1.C1 (August 2004) |
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