A NEW MODEL FOR PUBLIC-PRIVATE PARTNERSHIPS

In the United States, federal technology transfer programs, public-private initiatives, national centers for technology and manufacturing, research and development consortia, and university outreach centers have all been developed as public-investment-based solutions to enhancing economic competitiveness. Each of these activities has problems and shortcomings associated with it. In lieu of these traditional programs, an expanded, integrated, and self-sufficient model for public-private partnerships is proposed through which 503(c) nonprofit organizations can manage and operate technology extension programs for the state or federal government. This approach addresses small, medium, and large business in an integrated fashion in terms of nine sectors of economic competitiveness. Methods for acquiring and utilizing technology and accessing government markets are proposed. A unique method for obtaining self-sufficiency and growth is developed The presented model leverages federal investments into an independent and self-sufficient, privately-funded partnership. This type of entrepreneurial approach to public-private initiatives has been conspicuously absent from the majority of existing federal and state funded technology programs. It is expected that this model will lead to a higher rate of return on public investment.