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Matthew Keller Conference Presentation
Matthew Keller Conference Presentation
11 October 2011
1)
The U.S. Government is Deeply and Critically Involved in the Innovation Economy
a) Shifts toward networked production among private firms and increasing salience of network failures to failed industrial dynamism b) Emergence of a decentralized innovation apparatus at the Federal level that has partially addressed such failures
2)
Post-2009 Trends and Opportunities: Strengthening Domestic Manufacturing Networks Potential Areas for Policy Enhancement
3)
Product Epogen, Procrit, Eprex Enbrel Neupogen, Neulasta Rituxan/MabThera Remicade Avonex Synagis Cerezyme
Role of Federal Support NIH funding leads to patent at Columbia University NIH funding leads to patent at SW Texas Medical Center NIH research for initial development (NIH licensed patent rights) NIH (SBIR) funding, leading to IPO of Idec (now Biogen-Idec) NIH funding for research at NYU NIH funding and market protection under Orphan Drug Act NIH research, plus extensive SBIR funding NIH research, funding; market protection under Orphan Drug Act
Significant Federal Support for Drug Discovery, Development and Clinical Trials
Source: Vallas, Kleinman, and Biscotti (2011), "Political Structures and the Making of U.S. Biotechnology"
The U.S. has long excelled at generating innovative ideas, but production has often been offshored. Since 2009, ARRA funds have been used to expand support for domestic production capacity
Advanced Battery Manufacturing Support for Manufacturing & Demonstration
General Level:
Building upon existing strengths - and extending
Micro-Level:
Refining and redefining performance indicators to
8000
7000
6000
5000 VC Early Stage VC Seed 4000 STTR SBIR Phase II 3000 SBIR Phase I
2000
1000
0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
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