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Title: The energy-related inventions program: Commercial progress of participants through 1988

Abstract

This report provides information on the recent commercial progress of inventions supported by the Energy-Related Inventions Program (ERIP). It describes the results of the latest in a series of ERIP evaluation projects that have been completed since 1980. It focuses on the economic impacts of the program, notably sales and employment benefits. The period of interest is 1980 through 1988. The evaluation is based on data collected through telephone interviews describing 133 ERIP sponsored inventions. By the end of 1988, at least 88 ERIP inventions had entered the market, generating total cumulative sales of more than $400 million. With $21.4 million in grants awarded from 1975 through 1988, and $53.8 million in program appropriations over the same period, ERIP has generated a 19:1 return in terms of sales values to grants, and 7:1 return in sales versus program appropriations. It is estimated that 24% of all ERIP inventions had achieved sales by the end of 1988. While it is difficult to make exact comparisons between these percentages and other indicators of the success rates of technological innovations as a whole, the ERIP figures remain impressive. Employment benefits, tax revenues, sources of funding, and spin-off technologies are also discussed. Over time,more » second generation technologies and alternative applications of ERIP inventions have grown in importance as by-products of the program 21 refs., 11 figs., 2 tabs.« less

Authors:
 [1];  [2]
  1. Oak Ridge National Lab., TN (USA)
  2. Tennessee Univ., Knoxville, TN (USA)
Publication Date:
Research Org.:
Oak Ridge National Lab., TN (USA)
Sponsoring Org.:
DOE/CE
OSTI Identifier:
7079968
Report Number(s):
ORNL/CON-301
ON: DE90014771
DOE Contract Number:  
AC05-84OR21400
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; ENERGY SYSTEMS; COMMERCIALIZATION; INVENTIONS; ENERGY CONSERVATION; ENERGY EFFICIENCY; EVALUATION; FINANCING; GRANTS; MARKETING; MEASURING METHODS; PERFORMANCE; PROGRAM MANAGEMENT; RESEARCH PROGRAMS; SALES; SMALL BUSINESSES; SURVEYS; BUSINESS; EFFICIENCY; MANAGEMENT; 290500* - Energy Planning & Policy- Research, Development, Demonstration, & Commercialization

Citation Formats

Brown, M A, and Wilson, C R. The energy-related inventions program: Commercial progress of participants through 1988. United States: N. p., 1990. Web.
Brown, M A, & Wilson, C R. The energy-related inventions program: Commercial progress of participants through 1988. United States.
Brown, M A, and Wilson, C R. Tue . "The energy-related inventions program: Commercial progress of participants through 1988". United States.
@article{osti_7079968,
title = {The energy-related inventions program: Commercial progress of participants through 1988},
author = {Brown, M A and Wilson, C R},
abstractNote = {This report provides information on the recent commercial progress of inventions supported by the Energy-Related Inventions Program (ERIP). It describes the results of the latest in a series of ERIP evaluation projects that have been completed since 1980. It focuses on the economic impacts of the program, notably sales and employment benefits. The period of interest is 1980 through 1988. The evaluation is based on data collected through telephone interviews describing 133 ERIP sponsored inventions. By the end of 1988, at least 88 ERIP inventions had entered the market, generating total cumulative sales of more than $400 million. With $21.4 million in grants awarded from 1975 through 1988, and $53.8 million in program appropriations over the same period, ERIP has generated a 19:1 return in terms of sales values to grants, and 7:1 return in sales versus program appropriations. It is estimated that 24% of all ERIP inventions had achieved sales by the end of 1988. While it is difficult to make exact comparisons between these percentages and other indicators of the success rates of technological innovations as a whole, the ERIP figures remain impressive. Employment benefits, tax revenues, sources of funding, and spin-off technologies are also discussed. Over time, second generation technologies and alternative applications of ERIP inventions have grown in importance as by-products of the program 21 refs., 11 figs., 2 tabs.},
doi = {},
journal = {},
number = ,
volume = ,
place = {United States},
year = {1990},
month = {5}
}

Technical Report:
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