Accession Number:

ADA461470

Title:

Venture Capital

Descriptive Note:

Group study Dec 2003-Jul 2006

Corporate Author:

NAVAL RESEARCH ADVISORY COMMITTEE ARLINGTON VA

Report Date:

2006-07-01

Pagination or Media Count:

42.0

Abstract:

Leveraging venture capital to the advantage of the Naval Services should be viewed as part of the larger project of reforming the acquisition system to permit rapid introduction of new technologies to the Fleet and Force. There is no need for the Department of the Navy to imitate any of the existing venture capital models found in the Defense and Intelligence Communities. These have been of limited value at best, and often simply repeat in a different key the familiar pathologies of the research and development system. Equity investment on the part of the Government is not necessary to gain access to emerging technology. Rather, the Government needs to realize that its acquisition processes are the obstacle. Fix those, and the technology will be available.

Subject Categories:

  • Economics and Cost Analysis
  • Military Forces and Organizations
  • Logistics, Military Facilities and Supplies
  • Computer Systems
  • Radio Communications

Distribution Statement:

APPROVED FOR PUBLIC RELEASE