How national interest startups should be thinking about government contracts

Quick Summary:

National interest technology can show up in a lot of ways, like in data analysis and cybersecurity, as well as satellites and weapons.

A 2023 Defense Innovation Board report found that only 16% of DOD SBIR-funded companies made it to commercialization contracts over the last 10 years.“I think a lot of times people can fall into the trap of thinking, if I want to sell to the government, then it has to be related to defense tech, and I have to be involved in drones, missiles, things like that.

And while startups can get a foot in the door through those programs, Gevalt recommends that startups have a partner to guide them from concept and prototyping phases through to commercial contracts.“There are strategies to go from that first in the door, R&D dollars for development into more programmatic revenue, and that’s where our advisory firm helps companies, but there’s a number of them in DC that help companies do that,” she said.And Gevalt has a point.

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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United States

Topics: Defense tech Startups Albedo Biofire Fundraising Dcode capital National interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 12:00:00 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1361 words

Reading Time: 8 minutes read

Sentences: 40 lines

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Copyright Owner: © TechCrunch

News ID: 23369530

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