Quantifies the value of public support for R&D and technology commercialization activities. It has been used, for example, to measure the impact of the Canadian Space Station Program and the RADARSAT program. Economic returns from technology result from its commercialization and application, rather than from its development. The immediate return from a million dollars worth of technology development is essentially the same as from a million dollars worth of road building (or any other activity). However, technology development creates greater returns than other activities in the long-term because of its commercialization and application potential. When assessing the potential payoff from technology development, it is these downstream benefits that must be identified and estimated. The HAL Technology Impact Model is concerned with the quantification of these downstream benefits from the public support of R&D and the development of technology. Sponsored Activity, Spin-off Activity, and Diffused Activity In the HAL Technology Impact Model, we define public support of R&D and technology development as Sponsored Activity. Such Sponsored Activity leads to Spin-Off Activity within the firms or organizations under contract to the sponsoring agency. This Spin-Off Activity results from the expertise and capabilities attained through their involvement in the Sponsored Activity. Possession of a skilled and experienced labour force, production facilities, technological and project management expertise, and so on, will make a significant contribution to the competitiveness of the industrial team in both Canadian and world markets. Spin-Offs are considered to occur only within a firm that has performed Sponsored Activity. Technology that is developed during this activity, and related technology that is developed by research laboratories, will be diffused throughout the industrial sectors in Canada. Thus, Diffused Technology Activity results in technology-producing firms other than firms who have undertaken Sponsored Activity. The HAL Technology Impact Model incorporates the following features: These features and other aspects of a methodology for assessing economic impacts of sponsored R&D are presented below. Inputs to the HAL Technology Impact Model include: The Model does not account for: Consumer surplus benefits result from valuing goods and services (usually those resulting from the investment under review) on a value to the user or willingness-to-pay basis rather than the market price. These benefits have not been included for reasons of lack of data and information. Benefits from the use and application of spin-off technologies in Canada, other than for the firms that produce and sell those technologies, are very difficult to estimate. The benefits that accrue are often in the form of improved product quality or lower cost production in the field of application. Such improvements improve the competitiveness of Canadian firms and result in economic development benefits. It is recognized, however, that many such new technologies would likely be developed even without public support within some timeframe and in some country.
HAL2 is Ottawa-based company (Ontario, Canada) with a phone number 613.237.2220. Our data show that the company is located at the address: 150 Isabella St. The company has a web site: www.hal.ca.
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