Connect with us

Tech

The new program helps dual-use hardware startups accelerate product development> US Department of Defense> Department of Defense News

Published

on

 


To stimulate and access hardware innovation in the private sector, the Pentagon has launched a program called National Security Innovation Capital.

NSIC, located in Mountain View, California, is addressing a lack of credible funding from private venture capital for the development of new hardware technologies for both commercial and national security applications, said NSIC’s director. One Tex Schenkkan says.

“This is an effort to protect against hostile capital and ensure that the foundation of national security innovation remains strong,” he said, with China and other hostile nations funding military hardware. Mentioned that it is providing and developing.

Less than 30% of US private venture capital is invested in hardware companies, and less than 10% is invested in the earliest stages when it is most needed. In many cases, hardware startups had to rely on foreign sources of funding, which could result in the loss of the intellectual property of potential adversaries.

The NSIC team identifies technology startups nationwide that will benefit from government funding to develop and market dual-use products. NSIC funding allows these companies to accelerate product development plans and mitigate inherent technical risks, Shenkan said.

He added that NSIC’s funding and involvement will attract additional private capital, further accelerate corporate progress towards product launches, and prevent future investments from unreliable sources.

NSIC has received $ 15 million in funding from Congress since it launched in February. Mandating all these funds by the end of September is on track. We award prototype development contracts to companies in multiple technical fields.

Here are some examples, according to Shenkan:

Xplore develops a high-power, ride-sharing spacecraft that provides infrastructure for low-Earth orbit to Moon and commercial, scientific, and national security end users to carry out missions throughout the cislunar space. I am. New Frontier Aerospace is developing new rocket engine designs for hypersonic aircraft. FuelX is developing a manufacturing process that produces materials for the safe storage and transportation of hydrogen. Advanced Magnet Lab is a company that creates manufacturing processes that will be the domestic source of new high performance magnets. The company, which will be announced soon, is building a domestic manufacturing facility to manufacture certified cells based on next-generation battery chemistry.

NSIC is part of a divisional innovation ecosystem led by the Defense Innovation Unit. Its streamlined contracting process leverages other trading institutions already granted and used by DIU.

“NSIC is an important part of accelerating new commercial technologies to DOD,” said Michael Brown, director of DIU. “Funding innovative dual-use technology to improve national security is important in our strategic competition with China and to provide our army with the best technology.”

Sources

1/ https://Google.com/

2/ https://www.defense.gov/Explore/News/Article/Article/2772358/new-program-helps-dual-use-hardware-startups-accelerate-product-development/

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]