The now-terminated Advanced Technology Program (ATP), established by the Omnibus Trade and Competitiveness Act of 1988, provided seed funding, matched by private-sector investment, to companies or consortia of universities, industries, and government laboratories to accelerate the development of generic technologies that had broad application across industries. The first awards were made in 1991. By the end of the program in 2007, 824 projects had been funded representing approximately $1.6 billion in federal dollars matched by $1.5 billion in financing from the private sector. Approximately 28% of awards (227) were made for joint ventures.