Publisher's Synopsis
Excerpt from Government Funding Strategy in Technology Programs
Among others, government usually has to do three things in a national program. First it should avoid spreading resources too thinly and instead concentrate them on some priority technology fields. Second, it should identify high caliber teams to undertake the task. Third, it should ensure good implementation. Government funding strategy has to help attain these goals. To encourage industry to pursue innovation in some prescribed directions, government can provide funds to share r&d cost. But too high commitment to some projects may be very costly and risky. This is usually done at the expense of other alternatives which may also have good potential, thus reducing the number of solution routes pursued and even chance of success.1 Too much subsidy from government may also entice firms to propose ideas and execute missions carelessly. Moreover, government may overlook signals and needs from industry and industry may not bother to reflect their Opinion if industry has no part in the funding. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
