Defense Ventures & EaGLE Fellow | DoD Expert | Innovation Strategist | Connecting People, Ideas, and Opportunities
The recently closed AFWERX Open Topic cycle offered an exciting opportunity for innovators to collaborate with the #AirForce and tackle critical challenges. However, small businesses must recognize the competitive nature of this process and understand the importance of a robust funding strategy. #Startups and small businesses were invited to submit proposals aimed at enhancing the Air Force's capabilities in areas such as artificial intelligence, cybersecurity, space operations, advanced materials, and human performance. Discussions indicate that the likelihood of being selected is around 1%, based on the volume of submissions and historical selection averages. Therefore, it is crucial for startups to develop a comprehensive #fundingstrategy that includes multiple opportunities to increase their chances of advancing their technology and capabilities. By diversifying their approach and exploring various funding avenues, small businesses can better position themselves for success in future AFWERX cycles and other #innovation programs.
