Venkatesh Narayanamurti Photo

Venkatesh Narayanamurti

Appointment
Benjamin Peirce Research Professor of Technology and Public Policy, SEAS
Office Address
79 John F. Kennedy St. Belfer Bldg 324
617-495-1464
Goldstein, Anna P., and Venkatesh Narayanamurti. "Simultaneous Pursuit of Discovery and Invention in the US Department of Energy." HKS Faculty Research Working Paper Series RWP17-046, April 2017.

Abstract

The division of “basic” and “applied” research is embedded in federal R&D policy, exemplified by the separation of science and technology in the organizational structure of the US Department of Energy (DOE). In this work, we consider a branch of DOE that shows potential to operate across this boundary: the Advanced Research Projects Agency – Energy (ARPA-E). We construct a novel dataset of nearly 4,000 extramural financial awards given by DOE from 2010 to 2015, primarily to businesses and universities. We collect the early knowledge outputs of these awards from Web of Science and the United States Patent and Trademark Office. Compared to similar awards from other parts of DOE, ARPA-E awards are more likely to jointly produce both a publication and a patent, with at least 5 times higher odds. ARPA-E awards have been productive in creating new technology, without a detrimental effect on the production of new scientific knowledge. This observation suggests the unity of research activities which are often considered separate: that which produces discoveries and that which produces inventions.