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- Title
Government Research and Development Inventions--A New Resource?
- Authors
Holman, Mary A.
- Abstract
The federal government is financing T a greater proportion of all Research and Development (hereinafter referred to as R & D) undertaken in this country. Between 1953 and 1963, federal funds for R & D rose from $3 billion to $12 billion. During the same period the government's contribution rose from about 50 per cent to about 75 per cent of ail the R & D work in this country. Of the research financed by the government since 1947, between 85 and 90 per cent has been defense-oriented. The funds have been spent by three government agencies or their predecessors: the Department of Defense, the Atomic Energy Commission, and the National Aeronautics and Space Administration. Some of this government-sponsored research has resulted, and will continue to result, in patented inventions. The few government-owned inventions that have become everyday household items—such as T.V. dinners, frozen orange juice and aerosol bombs—create the impression that government R & D patented inventions are a new and a great economic resource because of their wide commercial potential. In this article factual evidence will be presented that shows that patented inventions arising from government-financed research are not a great economic resource. In fact, very few of these inventions hold any commercial potential whatever.
- Subjects
UNITED States; INVENTIONS; PATENTS &; government-developed inventions; PATENT practice; RESEARCH &; development; RESEARCH; TECHNOLOGY; NEW product development; GOVERNMENT aid
- Publication
Land Economics, 1965, Vol 41, Issue 3, p231
- ISSN
0023-7639
- Publication type
Article
- DOI
10.2307/3144855