Government Venture Capital: Centralized or Decentralized Execution
Authors
Brown, Cory
Winka, Paul
Lee, Ho
Subjects
Venture Capital
Venture Capital, investments, technology transfer, In-Q-Tel, OnPoint, Red Planet Capital, Small Business Innovative Research, SBIR, Defense Venture Catalyst Initiative, DeVenCI
Venture Capital, investments, technology transfer, In-Q-Tel, OnPoint, Red Planet Capital, Small Business Innovative Research, SBIR, Defense Venture Catalyst Initiative, DeVenCI
Advisors
Date of Issue
2008-01-01
Date
01-Jan-08
Publisher
Language
Abstract
This research project provides an initial assessment as to whether the government should maintain decentralized management of its venture capital (VC) initiatives. Previous research focused on the viability of using VC to supplement government R&D spending. In contrast, this research project specifically addresses whether the DoD should centralize or decentralize execution of VC. The researchers investigated current Government VC initiatives, interviewed subject matter experts in the VC industry, and assessed how well the Government VC initiatives are poised to fill the DoD''s capability gaps as defined by the QDR. The researchers provide rationale for why VC is a relevant source for Government R&D using data from the National Venture Capital Association (NVCA) and other literature. Ultimately, the research suggests that the Government should continue to foster decentralized VC execution with increased focus on technology transference.
Type
Technical Report
Description
Sponsored Report (for Acquisition Research Program)
Series/Report No
Department
Acquisition Management
Graduate Student
Organization
Acquisition Management (AM)
Acquisition Research Program (ARP)
Identifiers
NPS Report Number
NPS-AM-07-052
Sponsors
Naval Postgraduate School Acquisition Research Program
Funder
Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.