Wavelength division minimoney: small subsidy for small business

Carl W. Nelson

doi:10.1117/12.238914

1 May 1996 Wavelength division mini money: small subsidy for small business

Carl W. Nelson

Proceedings Volume 2690, Wavelength Division Multiplexing Components; (1996) https://doi.org/10.1117/12.238914
Event: Photonics West '96, 1996, San Jose, CA, United States

Abstract

The government subsidizes American small businesses to create WDM (and four zillion more technologies). The Ballistic Missile Defense Organization (BMDO) supplies a little seed capital for infant development and then a little more when private capital joins in. BMDO's cumulative investment of $DOL300M in Small Business Innovation Research (SBIR) since 1985 has seeded some notable successes. BMDO's SBIR, which has helped a fourth of this symposium's speakers, attracts a dollar of private capital for every SBIR dollar. Small US firms raised $DOL200 million from public sale of common stock, doubled in employment, and are attracting a growing pool of private capital to match and expand BMDO's subsidy.

Citation Download Citation

Carl W. Nelson "Wavelength division mini money: small subsidy for small business", Proc. SPIE 2690, Wavelength Division Multiplexing Components, (1 May 1996); https://doi.org/10.1117/12.238914

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