The Advanced Technology Program and Private-Sector Funding
RCED-96-47: Published: Jan 11, 1996. Publicly Released: Feb 8, 1996.
- Full Report:
Pursuant to a congressional request, GAO examined the impact of the Advanced Technology Program (ATP), focusing on whether: (1) research projects would have been funded by the private sector if they had not received ATP funding; and (2) ATP aids in the formation of joint ventures.
GAO found that, based on a survey of 123 ATP applicants that submitted highly rated bids between 1990 and 1993: (1) 89 applicants received ATP funding, while 34 did not; (2) about half of the applicants that did not receive ATP funding continued their projects using other funding sources, but generally met their project goals later than scheduled; (3) applicants that received ATP funding were evenly divided on whether they would have pursued their projects without ATP funding; (4) 63 percent of the applicants did not request funding from other sources before applying to ATP, but those that did were often told by prospective funding sources that their projects were too risky or precompetitive; and (5) ATP satisfied its goal of aiding in the formation of joint ventures, as 26 of 34 joint venture applicants reported joining forces solely to pursue ATP projects.