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Qualitative analysis of cases led to the following observations.

• In the three government strategic investment (GSI) cases examined, mission-oriented innovation was of equal or greater importance than generating financial return.
• GSI participation in venture capital investments has provided government with additional information about technology-focused market sectors and companies.
• GSI initiatives rely on the operational flexibility afforded by Other Transaction authority.
• GSI initiatives rely in a significant way on a government-to-private sector "interface" function.
• The GSI's responsibility to government customers adds significant difficulty to the task of investment management.
• GSI initiatives need staff with private market capabilities to serve investment management functions.

Economic modeling analysis led to the following observations.

• It is possible to systematically assess selected incentives to which private firms will respond.
• The desired balance of GSI financial support between equity investment and contractual support depends on likelihood of sale in government and commercial markets.
• The GSI initiatives in the case studies illustrate a range in the balance between equity investment and contractual support.