The Economic Contribution of the Department of the Navy Technology Transfer Program
Technology transfer (T2) agreements can have significant economic benefits in the civilian sector, especially for small, entrepreneurial start-up companies that are the backbone for innovation and economic growth. The Indiana Business Research Center (IBRC) collected operating and financial data for more than 100 T2 agreements ("deals") with naval laboratories. These T2 deals are directly responsible for 670 jobs. Of the 103 agreement partners-predominantly firms but also including universities and nonprofits-most provided employment data, reporting that these deals created or maintained over 400 jobs (see Table 1). The IBRC estimates that T2 agreements directly supported more than 260 additional jobs based on the expanded economic output associated with the agreement partners that did not answer the employment questions. Two-thirds of the agreement partners that participated in the survey were small, with fewer than 100 employees, as shown in Table 2. More than half of the small T2 partners reported that, on average, 12 jobs were created or retained as a result of their T2 agreements, highlighting the noteworthy effect that T2 agreements can have on small, innovative start-up companies. For every job that T2 agreements directly support, an additional three jobs are created in the civilian economy through economic ripple effects. The T2 deals considered in this study, therefore, are responsible for supporting more than 2,600 civilian jobs.
- Paperback | 24 pages
- 215.9 x 279.4 x 1.52mm | 113.4g
- 03 Feb 2015
- United States
- black & white illustrations