Saronic Technologies’ Post

At #GlobalTechSummit 2023, we convened a defense innovation workshop in collaboration with FedTech, a venture accelerator firm based in the United States. Konark Bhandari lays out some key takeaways from the workshop, notes the developments that have taken place in the U.S.-India defense relationship so far, and charts the possible way forward. 🔗 https://buff.ly/49OtNTS

🚀 'Steve Blank The Department of Defense Is Getting Its Innovation Act Together – But More Can Be Done' 🔥 A must-read for investors and founders looking to level up! 🌱 Check it out here: www.blog.pitchndeal.com" 🔥 This post previously appeared in Defense News  and C4SIR. Despite the clear and present danger of threats from China and elsewhere, there’s no agreement on what types of adversaries we’ll face; how we’ll fight, organize, and train; and what weapons or systems we’ll need for future fights. Instead, developing a new doctrine to deal with these […] 🚀 🔥 https://lnkd.in/eFiK3tj5 🚀 Whether You're an Investor or a Startup, Discover Game-Changing Insights! Check Out Our Blog. #Leadership #Innovation #Marketing #Technology #Entrepreneurship

A few cross-country flights in my recent agenda have meant more time to finish my latest read: Venture Meets Mission. The fundamental message of this book is impactful for me personally and professionally, having just wrapped a presentation at the inaugural DIBC | Defense Industrial Base Consortium Symposium on access to capital in the DIB. While we can opine on the need and desire for external capital in the defense R&D community, one thing is certain: the world of capital markets is defined by a universal metric of RETURNS.   Without returns, there are no distributions, no renewals, no new allocations, no LPs, no funds – and ultimately the mission, as beneficiary of those funded technologies, suffers. There is evidence that Mission and Capital CAN work together. And, there’s plenty of dry powder on the sidelines ready to be put to work. But, to build a sustainable ecosystem where both operator and investor are aligned means giving equal consideration to what both parties need to demonstrate success. Arun Gupta #innovation #venturecapital #VC #notyourmothersmatchmaking govmates

🚀 'Steve Blank The Department of Defense Is Getting Its Innovation Act Together – But More Can Be Done' 🔥 A must-read for investors and founders looking to level up! 🌱 Check it out here: www.blog.pitchndeal.com" 🔥 This post previously appeared in Defense News  and C4SIR. Despite the clear and present danger of threats from China and elsewhere, there’s no agreement on what types of adversaries we’ll face; how we’ll fight, organize, and train; and what weapons or systems we’ll need for future fights. Instead, developing a new doctrine to deal with these […] 🚀 🔥 https://lnkd.in/eFdAxC_s 🚀 Whether You're an Investor or a Startup, Discover Game-Changing Insights! Check Out Our Blog. #Leadership #Innovation #Marketing #Technology #Entrepreneurship

Utah’s Targeted Industries One Utah Summit https://hubs.la/Q02sx8wR0 
Learn about the accomplishments and opportunities in Utah's five targeted industries: advanced manufacturing, aerospace and defense, financial services, life sciences and healthcare, and software and information technology. You'll hear from a representative of each of Utah's strategic industries and learn their vision for the future of Utah's diverse economy.
Clint Betts, CEO & Co-Founder, CEO.com & Silicon Slopes
Kelvyn Cullimore, President & CEO, BioUtah
Kori Ann Edwards, Managing Director, GOEO
Howard Headlee, President & CEO, Utah Bankers Association
Tulinda Larsen, President, Utah Advanced Materials and Manufacturing (UAMMI)
Aaron Starks, CEO & President, 47G - Utah Aerospace & Defense @OneUtahSummit #OneUtahSummit or #1UTspring Utah Advanced Materials Manufacturing Initiative (UAMMI) #StartUpState #OneUtah

Project Vanguard, a program delivered by the AFWERX Capital Initiatives division, represents that opportunity for warfighter and industry teaming, helping to buy down risk of the government customer's acquisition through the intervention of private capital. During his keynote speech at the South by Southwest conference in March 2024, Col. Elliott Leigh, AFWERX director and chief commercialization officer for the Department of the Air Force, noted that the department’s transition to an enterprise focused on Great Power Competition will require a pipeline of cutting-edge technologies from startups and military personnel to AFWERX. “We need to quickly move [technologies] and get them into the hands of somebody who can do something with them,” Leigh said. “That gives [warfighters] an advantage – what I like to think of as an unfair advantage over their adversaries in a wartime environment.” Due to resource or connection challenges, small businesses often find it difficult to proceed from a prototype project to a full production contract with a government or outside investor. AFWERX Project Vanguard aims to connect these strategic opportunities with additional funding resources. Project Vanguard is uniquely partnered with the NSIN - National Security Innovation Network / Defense Innovation Unit (DIU) to help overcome those challenges for all involved. Luke W. Helena Krusec #AFWERX #NSIN #DIU #GPC

This article highlights that there is no established mechanism that takes a startup from initial prototype to a Program of Record… yet. But I tend to agree with the assessment of the 6 factors that must be in place: “We believe that six factors — built on a foundation of talent and not requiring any new authorities — can scale innovation adoption across the Department of Defense. These factors include a clear problem definition, an empowered program team, an identified transition partner, a contracting vehicle, steady funding, and senior-leader support. These cannot be achieved in a piecemeal fashion. To work, they SHOULD BECOME BUSINESS-AS-USUAL for the department RATHER THAN SIX CONSECUTIVE MIRACLES of defense innovation and acquisition.” I would also highlight that there MUST BE A CHECK ON SUPPLY CHAIN RISK so startups don’t unknowingly deliver capabilities that introduce risk. Looking at this risk proactively sets startups up for LONG-TERM SUCCESS. This continues to be overlooked, and is the hypothesis my company is built on. We have to help startups sell and make these 6 miracles happen while ensuring they can deliver as these miracles take place! I’d love others’ opinions! Let’s chat! #nationaldefense #executionmatters #onwards

The Army Futures Command is enhancing collaboration and innovation to prepare for future fights. Check out this insightful article to learn more about their strategies. #Army #Innovation #Collaboration #FutureFights https://okt.to/21UE9j

Empowering critical industries to scale domestic #manufacturing capabilities and onshore facilities is essential if we are going to meet our current and future national security needs. Strengthening collaboration between government, industry, and the private sector will drive innovation and ensure that the next generation of hardware technology for defense, commercial, and industrial applications is made right here in the United States. ACMI’s CEO John Burer shares a roadmap to leverage private investment to connect government and private sector to support #defense in National Defense Magazine https://lnkd.in/g-NVgCpi

Limited application of novel acquisition pathways hinders defense innovation: Budget instabilities and limited application of new acquisition pathways stall defense innovation efforts, a new report finds. The post Limited application of novel acquisition pathways hinders defense innovation first appeared on Federal News Network. @Poseidon-US #FederalNewsRadio #Contracting