From free money to free market

Author: Nelson Carl W.  

Publisher: Inderscience Publishers

ISSN: 0267-5730

Source: International Journal of Technology Management, Vol.12, Iss.7-8, 1996-05, pp. : 748-759

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Abstract

The US Small Business Innovation Research programme has attracted private sector investment in new technology developed for anti-missile defences. From the SBIR programme within the Ballistic Missile Defence Organization small US firms have issued public stock, grown 48% in employment, and attracted a growing pool of private sector money to match the government subsidy. Other governments can subsidize firms with a little free money in ways that can lead to products in a free market without government having over-subsidized the uncompetitive.