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Title: Evaluation of the Energy-Related Inventions Program: An empirical analysis of 204 inventions

Abstract

This report is an evaluation of the Energy-Related Inventions Program (ERIP). It assesses the program's effectiveness and impacts, characterizes participating inventions and inventors, and identifies correlates of successful commercialization in order to suggest possible improvements. Seventy of the 204 ERIP inventions that were studied were successfully introduced into the market, accounting for more than $200M in sales from 1976 through 1984. During 1984, 921 full-time equivalent employees were supported directly by ERIP inventors or their licensees. (Estimates of indirect economic impacts are also contained in the report.) Data on patterns of fund raising clearly show a need for assistance by programs like ERIP. Commercially successful inventors shared several traits. They had less formal education, fewer patents, more work experience in small firms, more outside funding early in their work, more shared responsibility with others for invention development, more management experience, and greater previous experience with starting new businesses. Recommendations are made regarding: priorities for allocating ERIP grants; improved efficiency of the NBS/DOE operations; delivery of technical and commercialization assistance to grant recipients; and further evaluation research.

Authors:
; ; ; ;
Publication Date:
Research Org.:
Oak Ridge National Lab., TN (USA)
OSTI Identifier:
6538470
Report Number(s):
ORNL/CON-225
ON: DE87009781
DOE Contract Number:  
AC05-84OR21400
Resource Type:
Technical Report
Resource Relation:
Other Information: Portions of this document are illegible in microfiche products. Original copy available until stock is exhausted
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; ENERGY; INVENTIONS; EVALUATION; COMMERCIALIZATION; FINANCING; RECOMMENDATIONS; 290500* - Energy Planning & Policy- Research, Development, Demonstration, & Commercialization

Citation Formats

Brown, M A, Morell, J A, Snell, S, Soderstrom, E J, and Friggle, W. Evaluation of the Energy-Related Inventions Program: An empirical analysis of 204 inventions. United States: N. p., 1987. Web.
Brown, M A, Morell, J A, Snell, S, Soderstrom, E J, & Friggle, W. Evaluation of the Energy-Related Inventions Program: An empirical analysis of 204 inventions. United States.
Brown, M A, Morell, J A, Snell, S, Soderstrom, E J, and Friggle, W. Sun . "Evaluation of the Energy-Related Inventions Program: An empirical analysis of 204 inventions". United States.
@article{osti_6538470,
title = {Evaluation of the Energy-Related Inventions Program: An empirical analysis of 204 inventions},
author = {Brown, M A and Morell, J A and Snell, S and Soderstrom, E J and Friggle, W},
abstractNote = {This report is an evaluation of the Energy-Related Inventions Program (ERIP). It assesses the program's effectiveness and impacts, characterizes participating inventions and inventors, and identifies correlates of successful commercialization in order to suggest possible improvements. Seventy of the 204 ERIP inventions that were studied were successfully introduced into the market, accounting for more than $200M in sales from 1976 through 1984. During 1984, 921 full-time equivalent employees were supported directly by ERIP inventors or their licensees. (Estimates of indirect economic impacts are also contained in the report.) Data on patterns of fund raising clearly show a need for assistance by programs like ERIP. Commercially successful inventors shared several traits. They had less formal education, fewer patents, more work experience in small firms, more outside funding early in their work, more shared responsibility with others for invention development, more management experience, and greater previous experience with starting new businesses. Recommendations are made regarding: priorities for allocating ERIP grants; improved efficiency of the NBS/DOE operations; delivery of technical and commercialization assistance to grant recipients; and further evaluation research.},
doi = {},
journal = {},
number = ,
volume = ,
place = {United States},
year = {1987},
month = {3}
}

Technical Report:
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