FedTech’s Post

🌐 Envision a single moment that could completely transform your small tech business…You’re stepping up to pitch your technology to leadership at Northrop Grumman, a global leader in #space, #aeronautics, #defense, and #cyberspace technology. Excited? You should be. 🚀 Announcing the 2024 Northrop Grumman Technology Accelerator Program, powered by FedTech 🚀 We’re selecting six trailblazing startups and small businesses to join us on this mission, offering an unparalleled opportunity to supercharge your growth and make connections that matter. 🔍 What You Need to Know: Objective: To forge powerful synergies to explore avenues for future investment, joint ventures, strategic collaborations, funded pilots, or vendor relationships. Who Makes the Cut: After two selection rounds, six standout businesses will emerge to engage in a comprehensive 8-week program including: - Interactive educational modules crafted by FedTech - World-class mentorship - Exclusive access to Northrop Grumman Aeronautics Systems' subject matter experts - A unique chance to pitch live to Northrop Grumman leadership And the best part? There's no cost to participate. 🗓 Mark Your Calendars When: July to September 2024 Commitment: Up to 3 hours per week We’re looking for startups and small companies poised at the edge of innovation. Don’t miss this opportunity to propel your venture to new heights. 🔗 Click Here to Learn More: https://lnkd.in/e2BJpq8a 🔗 Click Here to Apply Now: https://lnkd.in/e4UMzCTn 🚨 Application Deadline: June 5, 2024 🚨 #Tech #TechAccelerator #Startups #SmallBusiness #Innovation #TechnologyAccelerator #Entrepreneurship

As we navigate these challenging times, new opportunities are emerging, especially in the realm of tech and defense collaborations. In a recent conversation with TheMarker's Ronit Harel, I shared insights on the evolving landscape and the potential for significant growth. Here are some key takeaways: 🔹 The defense industry is becoming an intriguing investment target due to its need for continuous innovation and efficiency. This shift presents numerous opportunities for tech companies to collaborate and contribute to advancements in defense technologies. 🔹 The synergy between defense and tech startups holds immense potential for growth and successful exits. This collaboration drives innovation and ensures the continuous development of skilled professionals who can lead future technological advancements. 🔹 technological talent is transitioning from startups into the defense industry. With their innovative mindsets and skills, these professionals enhance the capabilities of defense projects further and can return to the startup ecosystem in the future, bringing valuable experience. The #Israelitech industry continues to innovate despite challenges. Our team at Blumberg Capital, Yodfat Harel Buchris, Zemer Shwartz-Noy, and Eitan Gueron, invests in great companies with great founders, including those in the defense sector. #IsraelDefenseTech #IsraeliInnovation #israeliStartups #Israelientrepreneurs

🚀 Exciting Program Alert! 🚀 Last week, we witnessed an incredible display of innovation and collaboration as MassChallenge and Hanscom Air Force Base (Mass.) joined forces for the live judging round of the 2024 Air Force Labs program. This marks the fifth edition of AirForce Labs, dedicated to recruiting founders and startups operating dual-use companies with both commercial and military applications. We were blown away by the talent and creativity of the 24 startups that pitched their groundbreaking ideas to a distinguished panel of judges. Among them were leaders from the United States Air Force and 13 other dual-use community partners, including prestigious names like MITRE, BAE Systems, Raytheon, Collins Aerospace, Blue Origin, Long Capture, Griffiss Institute, Intel Corporation, TechLink, FutureProof, A Hanwha Company, and the University of Massachusetts Lowell Applied Research Lab. At the heart of our partnership with Hanscom AFB lies a shared mission: to identify challenges faced by the Air Force, accelerate high-impact small businesses with technologies to solve those challenges, and transition them toward government partnership. Additionally, we aim to accelerate startups with technologies relevant to other U.S. Air Force Program Executive Offices and engage those offices to foster collaboration. The benefits of the program are immense. Selected startups will have the opportunity to connect with Hanscom AFB innovation champions, receive education from MassChallenge mentors and subject matter experts, and gain access to industry leaders, investors, research institutions, and the U.S. Department of Defense to support technology transition. Furthermore, networking with fellow participants and graduates fosters brainstorming and camaraderie, enriching the entire experience. As we embark on the next phase of this journey, we're eagerly reviewing the judge feedback alongside leaders from Hanscom Air Force Base to announce the next cohort of startups in the coming weeks. To all our startups, we wish you the best of luck, and a heartfelt thank you to our esteemed panel of judges. Your feedback and insights are invaluable, and this wouldn't be possible without you. Special thanks also go to the Hanscom leadership for their visionary partnership in innovating for the future of our Air Force. Stay tuned for more updates as we continue to push the boundaries of innovation together! ✨ #AirForceLabs #Innovation #Collaboration #StartupCommunity #DualUse #defenseinnovation #acceleration #SBIR

There are just a couple more days to register for Business Innovation in Defense (BiD 102) - Navigating the DoD Market for Defense Tech Startups. Join us Thursday, 20 June at 11:30 PST for this multi-part seminar series as we explore the complex DoD marketplace and how to approach and navigate it as a company with cutting edge innovation. Sessions include: - Understanding Pre-requisites: Discover the essential requirements for doing business with the DoD, including necessary certifications and compliance. Presented by Kate Hoy from the Washington APEX Accelerator. - Go-to-Market Strategy: Learn proven strategies to effectively enter and thrive in the defense market. Presented by Brian 'BK' Kent, PhD, NACD.DC from the Defense Innovation Unit (DIU) of the NSIN - National Security Innovation Network. - Success Story: Hear from a startup that has successfully entered the DoD market, sharing their journeys, challenges, and triumphs. Presented by Michael Madrid from Starfish Space. Register today - https://lnkd.in/g3Rjp_rV We are looking forward to including our diverse network of innovators at this event. - Creative Destruction Lab, Creative Destruction Lab – Seattle, NATO DIANA, Venture Mechanics Startup Incubator / Accelerator, Business Oregon, Washington State Department of Commerce #nwdefense #pnwinnovation Denise Ryser Joseph Corigliano Sam Zvirzdys Chris Groves Jake Tozier Todd J. Woods Andrea Hegarty

🌐 Applications for the 2024 Northrop Grumman Technology Accelerator are open! If you are a small business or startup with innovative technologies in… ▶ Low-Cost Aircraft Subsystems And Materials ▶ Low-Cost, High-Rate Manufacturing And Maintenance Technologies ▶ Power And Thermal Management ▶ Other Breakthrough Tech Relevant To Northrop Grumman’s Mission This is an opportunity you won’t want to miss. The Accelerator aims to foster collaboration and synergy between Northrop Grumman and its cohort companies to bring their technologies to tangible impact. Participants in the accelerator program will have the opportunity to… ▶ Receive guidance from experienced mentors within Northrop Grumman Aeronautics Systems ▶ Engage in hands-on sessions focused on technology integration ▶ Learn from FedTech’s experience coaching over 200 startups in their pursuit of the DoD as a customer ▶ Gain access to a wide range of resources, including venture capitalists, integration partners, and DoD connections 🚨 Applications Close June 5 🚨 🔗 Click Here to Apply Now: https://lnkd.in/e4UMzCTn 🔗Click Here to Learn More: https://lnkd.in/e2BJpq8a #TechAccelerator #StartupAccelerator #Entrepreneurship #Tech #DeepTech

🚨Security at Stake: Are We Ignoring the Power of Defense Innovation? 🚀 We have now long-acknowledged that innovating startups play a pivotal role in shaping Defense and National Security landscapes but it looks like we’re still missing the mark. As we navigate rapidly evolving threats, it's crucial to redouble efforts in fostering defense-related technology startups. According to a recent WSJ article, Venture capitalists are leading the charge, investing over $100 billion into U.S. defense-technology startups since 2021. However, the Defense Department's reluctance to fully engage remains a challenge. I recommend giving this a read: “Investors Are Betting on Defense Startups. The Pentagon Isn’t” from the Wall Street Journal to get a valuable perspectiveat on the dynamics at play. https://lnkd.in/ejDm2hjU We need to move faster and lean into - and learn from - the due diligence vetting conducted by venture capital investors to drive impactful innovations in defense technology. This is why the great work of Shift and #DefenseVentures is so vital. #DefenseInnovation #NationalSecurity #VentureCapital #Startups

Venture capitalists have poured billions into defense tech startups, but the U.S. government seems hesitant to take the plunge. Is it a lack of trust or just a fear of commitment? Is this a case of "innovation theater" or a missed opportunity for national security? Either way, this mismatch could dampen the innovation we need to stay ahead in the global arena. #SiliconValley #DefenseTech #GovernmentContracts #VentureCapital #EmergingTech https://lnkd.in/gSjCP6TU

Following this Silicon Valley Defense Group report, The Wall Street Journal asked Dayna Grayson how investors are evaluating defense tech startups. Her response: “It’s true the DoD is in dire need of innovation. It’s also true that it takes a long time to turn that need into meaningful new defense contracts and projects and thus revenue for new startups. It is incumbent that VCs in this space have a deep understanding of that process to fully support founders and to drive returns in this space.” https://lnkd.in/ezS8hHTn

Applications for the 2024 Northrop Grumman Technology Accelerator are open! If you are a small business or startup with innovative technologies in… ▶ Low-Cost Aircraft Subsystems And Materials ▶ Low-Cost, High-Rate Manufacturing And Maintenance Technologies ▶ Power And Thermal Management ▶ Other Breakthrough Tech Relevant To Northrop Grumman’s Mission The Accelerator aims to foster collaboration and synergy between Northrop Grumman and its cohort companies to bring their technologies to tangible impact. Participants in the accelerator program will have the opportunity to… ▶ Receive guidance from experienced mentors within Northrop Grumman Aeronautics Systems ▶ Engage in hands-on sessions focused on technology integration ▶ Learn from FedTech’s experience coaching over 200 startups in their pursuit of the DoD as a customer ▶ Gain access to a wide range of resources, including venture capitalists, integration partners, and DoD connections Take it from program alum, Elemental Coatings, this is an opportunity you won’t want to miss. Applications close June 5, 2024! 👉 Click Here to Apply Today: https://lnkd.in/e2BJpq8a #Tech #StartupAccelerator #SmallBusinesses #SmallBusiness #Entrepreneurship #TechAccelerator

Defense Tech: A Resilient Sector in 2024 Despite a slowdown in VC dealmaking in the past year, defense tech remains strong with $9.1 billion invested across 228 deals so far in 2024, according to PitchBook's latest Emerging Tech Research report. With 35 exits completed, defense tech is on track for an upswing compared to other sectors. Defense tech startups benefit from programs like the Defense Innovation Unit, offering opportunities to engage directly with national security. The report highlights opportunities for startup innovation to expand the US defense industrial base and provides an overview of industry dynamics, key players, and deal activity. #DefenseTech #Innovation #VentureCapital #EmergingTech #Startups #NationalSecurity