Accession Number : ADA475890


Title :   Government Venture Capital: Centralized or Decentralized Execution


Descriptive Note : MBA professional rept.


Corporate Author : NAVAL POSTGRADUATE SCHOOL MONTEREY CA


Personal Author(s) : Brown, Cory ; Winka, Paul ; Lee, Ho


Full Text : https://apps.dtic.mil/dtic/tr/fulltext/u2/a475890.pdf


Report Date : Dec 2007


Pagination or Media Count : 125


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.


Descriptors :   *COMMERCE , *RESEARCH MANAGEMENT , *CAPITAL INVESTMENTS , UNITED STATES GOVERNMENT , MANAGEMENT , DECENTRALIZATION , INFORMATION SYSTEMS , TECHNOLOGY TRANSFER , CENTRALIZED


Subject Categories : Economics and Cost Analysis


Distribution Statement : APPROVED FOR PUBLIC RELEASE