R-2 ATP Awards
Attract Additional Funding
Company researchers often
have difficulty obtaining funds for high-risk research, whether from
internal company resources or from external sources of support. Through
its cost-shared funding, the Advanced Technology Program (ATP) provides
leverage to and validation of company efforts in high-risk research.
Evidence from the Survey of ATP Applicants 2002 shows that an ATP award
helps the company to attract additional funding to a research area.
Respondents
were asked to estimate:
a)
The amount of funding their company devoted to the
research area represented by their proposed ATP project
in the 3 years leading up to the proposal
b) The amount of funding committed to the research area since
proposal submission
Respondents
also were asked to indicate how much of the funding came
from internal company sources, and how much from external
sources (government programs, including ATP, or outside
investors). |
ATP
awards attract additional funding from internal company
sources
- In
the three years prior to submitting the proposal,
Awardees on average devoted $830,000 in funding from
internal sources to the research area represented
by the proposed ATP project. Since submitting the
proposal, company funding commitments increased to
$970,000 on average (see Figure 1).
- By
comparison, Nonawardees on average experienced a
substantial decrease in funding, $1.3 million before
submitting the proposal, versus $620,000 after (see
Figure 1).
- Among
Awardees, 57% indicate that funding from internal
sources has increased since submitting the proposal;
this is fewer than was found for the 2000 Awardees
(72%). Among Nonawardees, only 22% indicate that
internal funding has increased since submitting the
proposal, a figure similar to that found for Nonawardees
in the 2000 competition (26%).
|
Figure 1 - Funding
from Internal Sources Devoted to Research Area Represented by Proposed
ATP Project
ATP awards attract
additional funding from external sources
- In the 3 years prior
to submitting the proposal to ATP, Awardees and Nonawardees, on average,
devoted a similar amount of funding from external sources to the
research area represented by their ATP proposal. On average, Awardees
committed $490,000 from external funds, and Nonawardees devoted $510,000
(see Figure 2).
- Since submitting the
proposal, Awardees on average experienced a 12-fold increase in the
amount of funding from external sources devoted to the research area
of the ATP proposal.
- In contrast, Nonawardees
on average experienced more than a 50% decline in the amount of external
funding committed to the research area of the proposed ATP project
since the time of proposal submission.
Figure 2 - Funding
from External Sources Devoted to Research Area Represented by Proposed
ATP Project
Companies seeking to partner
with the Advanced Technology Program (ATP) submit proposals to the ATP.
Proposals must be for the development of innovative technologies that
could not obtain private funding due to the high technical risk and that
have the potential to produce widespread benefits to the economy and
society. Proposals are evaluated for technical and economic merit in
a rigorous competitive review process.
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Date created: July 22,
2005
Last updated:
August 11, 2005
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