(Source: CleanTech.org)
"Clearly modeled after the CIA's In-Q-Tel fund (http://www.in-q-tel.com/), the U.S. Army issued a Broad Agency Announcement (BAA) to solicit proposals for the operation and management of a not-for-profit, Venture Capital Corporation (VCC). The objective is to improve the business relationships between the entrepreneurial community of high technology innovators and the U.S. Army. This is expected to accelerate the transition of innovative technology into the Army by creating greater awareness on the Army's part concerning commercial technology development and in the entrepreneurial community concerning the Army's potential as a technology customer willing to accept innovative solutions to its requirements. The focus initially will be on companies and programs developing power and energy technology applicable to the requirements of the individual soldier.
The BAA was issued Aug 29, and the deadline for proposals was just extended from Sept 30 to Oct 15. UFTO will follow this story with great interest. (I am advising a local VC firm who plans to submit a proposal.) "
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