We consider an important class of research and development (R&D) investments in public and private entities that require selection from a large number of proposals such that: (1) the potential monetary value of the proposals is not a first-order factor in the selection; and (2) the investments...

We determine the risk mitigation process inherent in managing a portfolio of technologies diverse in both their readiness for infusion and the nature of the performing organization, focusing on the so-called "valley of death" in which the technology's principles have been proven but prototypes...