• Aleks Giga,            USC Viterbi
  • Andrea Belz,     USC Viterbi

Portfolio of Real Options of SBIRs: Probabilistic Estimate of Returns (PROSPER) applies real options approaches to an early-stage technology portfolio.  In the case of the NASA Small Business Innovation Research (SBIR) program, the portfolio’s high degree of skew requires public investment to conduct the research, as the projects are unlikely to be pursued otherwise.