Small Firms and U.S. Technology Policy

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Small Firms and U.S. Technology Policy

Social Benefits of the U.S. Small Business Innovation Research Program

9781802205589 Edward Elgar Publishing
Albert N. Link, Virginia Batte Phillips Distinguished Professor, Department of Economics and Martijn van Hasselt, Associate Professor of Economics, Department of Economics, University of North Carolina at Greensboro, US
Publication Date: 2023 ISBN: 978 1 80220 558 9 Extent: 156 pp
While much has been written about the U.S. Small Business Innovation Research (SBIR) program from both an institutional and a policy perspective, there remains a conspicuous void of general information about firms and research projects that are funded through the program. Providing a multi-dimensional picture of such firms and their projects, this incisive book is designed to help the reader understand in more depth the social benefits associated with the SBIR program.

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While much has been written about the U.S. Small Business Innovation Research (SBIR) program from both an institutional and a policy perspective, there remains a conspicuous void of general information about firms and research projects that are funded through the program. Providing a multi-dimensional picture of such firms and their projects, this incisive book is designed to help the reader understand in more depth the social benefits associated with the SBIR program.

Albert N. Link and Martijn van Hasselt discuss the U.S. SBIR program from an institutional, empirical, and policy perspective, examining the policy transfer of the program to other countries, the transfer of technical knowledge through patents and scientific publications, and the technology transfer of commercialised research outputs. Exploring new program and project relationships, the book could serve as a springboard for future in-depth analyses about the SBIR program and its impact on economic and social matters.

Forward-thinking in approach, Small Firms and U.S. Technology Policy provides a roadmap for future academic and policy research into the SBIR program, making it a valuable read for scholars and students of business and management studies. U.S. and international policymakers and business owners will also benefit from its discerning look into the SBIR program.
Critical Acclaim
‘Link and van Hasselt provide novel and original insights on the U.S. Small Business Innovation Research Program. They meticulously and rigorously consider and combine institutional, empirical and policy perspectives. Link and van Hasselt’s unique focus on the social benefits enables a wider empirical investigation of the SBIR programme in the context of wider U.S. technology policy. Moreover, their consideration and focus on failed projects and the unanticipated consequences provide novel and important insights that have relevance to scholars and policymakers. This is a must-have book for policymakers and other stakeholders that are involved in SBIR programmes in the U.S. and other countries. For scholars, Link and van Hasselt''s book is a seminal contribution that exemplifies all the hallmarks of novel, original and grounding-breaking scholarship. They outline future research avenues that scholars can build upon and take inspiration from in furthering this important research and policy agenda.’
– James Cunningham, Newcastle University, UK

‘Albert Link and Martijn van Hasselt have written an instant classic - the definitive analysis of the noted Small Business Innovation Research Program. Few U.S. hard tech start-ups scale up without trying for SBIR funding - it has become a key tool for U.S. tech entrepreneurship and has now been replicated in nine other nations. This new book does the long-needed analysis to tell us how the program works best, and how successful companies that use it make it work for them. For anyone interested in U.S. technology policy, it is a must read.’
– William B. Bonvillian, Massachusetts Institute of Technology, US

‘In an era where public policy is increasingly politicized and decisive, this important new book sheds pathbreaking light on how evidence-based analysis can provide a neutral scientific-based assessment of technology policy. The careful findings make it clear how and why technology policy can unleash the innovative potential of not just small firms but an entire society and economy.’
– David B. Audretsch, Indiana University, US

‘The SBIR program has been a cornerstone of U.S. innovation policy since the early 1980s. It has been widely copied outside the country. This book provides an authoritative look at the history, politics, and economics of this important program that has supported an amazing roster of technology-intensive companies in this country. A must read for students of knowledge entrepreneurship.’
– Nicholas Vonortas, The George Washington University, US
Contents
Contents: PART I SBIR PROGRAM: INSTITUTIONAL PERSPECTIVES 1. Introduction to Small Firms and U.S. Technology Policy 2. Legislative history of the SBIR program 3. The SBIR program: an element of U.S. technology policy PART II SBIR PROGRAM: EMPIRICAL PERSPECTIVES 4. SBIR databases and empirical studies of the SBIR program 5. Demographics of SBIR awardees 6. Productive capital 7. When research fails 8. University collaborators on SBIR projects 9. Knowledge production functions 10. Financial stakeholders in SBIR projects 11. Market for SBIR developed technologies PART III SBIR PROGRAM: POLICY PERSPECTIVES 12. Unanticipated consequences 13. A counterfactual analysis 14. Concluding remarks References Index
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