From free money to free market
by Carl W. Nelson
International Journal of Technology Management (IJTM), Vol. 12, No. 7/8, 1996

Abstract: The US Small Business Innovation Research programme has attracted private sector investment in new technology developed for anti-missile defences. From the SBIR programme within the Ballistic Missile Defence Organization small US firms have issued public stock, grown 48% in employment, and attracted a growing pool of private sector money to match the government subsidy. Other governments can subsidize firms with a little free money in ways that can lead to products in a free market without government having over-subsidized the uncompetitive.

Online publication date: Fri, 22-May-2009

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