 |
 |
||||||
 |
 |
 |
|
||||
 |
 |
 |
 |
 |
|
||
 |
|
||||||
 |
 |
|
|||||
For Policy Makers National science policy and granting programs also influence the ability of advanced materials ventures to create and capture value through availability of finance. Specifically, the technology-market matching process of an advanced materials venture and their subsequent market experimentation are greatly assisted by early stage financing from government grants. Near-market R&D support has been provided in the USA by their Small Business Innovation Research (SBIR) program but has not been available in sufficient quantities in the UK or in Canada. Market-oriented government grants are particularly important to advanced materials ventures, given the scarcity of VC funds available to firms commercialising advanced materials. Such national policy solutions can be most beneficial by supporting the exploratory processes of advanced materials ventures, for instance, by subsidising marketing information for the entire sector, providing product regulatory testing at government laboratories and providing incentives for partnerships between large and small companies developing product prototypes for specific market applications.
|
 |