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On this episode of Talkin’ (Policy) Shop, Oren and Chris are joined by Willy Shih, a professor at Harvard Business School, to discuss pre-competitive R&D consortia. At a time when America has lost its innovative edge, these consortia give government an opportunity to support industry while letting market forces work.

Pre-competitive R&D consortia allow firms that are normally competitors in the market to work together on a common technology platform, sharing the resulting IP from which they can develop products to compete against each other. The collaboration pools resources and expertise, and provides a site at which public policy can constructively subsidize investment without “picking winners and losers.”

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