ATP’s Charter for the 21st Century
ATP improves the quality of life of Americans in the 21st century by investing in early-stage, innovative technologies.
The pace of technological change is faster than ever before in today’s global economy, and competitive advanced technologies are critical to national economic growth. Private-sector investments in research and development are mainly focused on incremental improvements to capture faster returns to companies and their shareholders. Few financial institutions, venture capitalists, and angel investors fund unproven, early-stage technologies. This strategy, however, erodes the groundwork for game-changing advances that are key to creating new capabilities, improving productivity, and ensuring growth. This is where ATP comes in.
ATP helps industry invest in longer-term, high risk research with payoffs far beyond private profit. By sharing the cost with companies, ATP accelerates the development of early-stage, innovative technologies, helping industry raise its competitive potential while providing Americans with a higher standard of living.
created: May 16, 2005
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