As part of its "Return on Investment" initiative, the National Institute of Standards and Technology has released a draft blueprint for revamping policies that govern the commercialization of technologies produced through federally funded R&D projects ($150 billion a year).
The Return on Investment (ROI) Initiative for Unleashing American Innovation is part of a Trump Administration effort to advance the Lab-to-Market cross agency priority (CAP) goal of the President's Management Agenda (PMA). The ROI Initiative's goal is to maximize the transfer of Federal investments in science and technology into value for America in ways that will (a) meet current and future economic and national security needs in a rapidly shifting technology marketplace and enhance U.S. competitiveness globally, and (b) attract greater private sector investment to create innovative products, processes, and services, as well as new businesses and industries. NIST released a Green Paper described as a "discussion document," the report summarizes input received from external stakeholders during the first phase of the initiative and outlines 15 "intended actions" for improving the federal technology transfer system, many of which would require legislative or regulatory action to implement.
- Unleashing American Innovation Symposium
- Four main Public Forums totaled 341 registered attendees ( Meetings Slides May 17-31 )
- 104 written submissions received in response to Request for Information, representing thousands of stakeholders.
- Return on Investment Initiative, Draft Green Paper, December 2018