Repayment of R&D Funds to the Government
Companies who receive Research & Development (R&D) type contracts should pay back the Government, if the R&D contract results in profitable commercialization of products. The Government often award R&D contracts, and in return receives only a report. However, the company creates a product and sells it commercially for profit. The Government should recoup a portion of the R&D money limited to the amount of the contract. ...more »
Companies who receive Research & Development (R&D) type contracts should pay back the Government, if the R&D contract results in profitable commercialization of products. The Government often award R&D contracts, and in return receives only a report. However, the company creates a product and sells it commercially for profit.
The Government should recoup a portion of the R&D money limited to the amount of the contract. This could be done through a percent of commercial sales. For example, if a company is awarded a $1 million R&D contract, and as a result, invents a product they sell commercially, the company should be required to repay the Government a small percent of commercial sales limited to the $1 million R&D contract.
The money is then re-invested into other R&D contracts. The cycle is then repeated, creating jobs and efficient use of taxpayer dollars.
« less full details »