TechLink – Study shows $58 billion impact on economy through military lab’s invention licensing

When thinking about growing their business, many companies look inward for new ideas, but leveraging government research and development can be just as lucrative.

A new study released by TechLink on Monday shows $58 billion in total economic activity by businesses that build products and services around dual-use technologies invented in military laboratories.

Data collected and analyzed for the study showed nearly $27 billion in sales of new products and services by companies with Department of Defense license agreements.