Defense Alliance event discusses how the federal government invests in private business
by Jonathan Williams, Communication Specialist
On May 8, 2019, great things were happening in the Twin Cities as LSI’s Chip Laingen hosted Brad Pantuck from the Office of Naval Research for an engaging discussion on how the federal government invests in private business.
The small business-focused event was held at the University of Minnesota to inform its 53 members who attended about the many opportunities to do business with the Navy.
In particular, Mr. Pantuck explained the service’s requirements and upcoming opportunities in the next 18 to 24 months for working with the Fleet and Marine Corps program known as the Rapid Innovation Fund (RIF). The RIF awards businesses up to $3 million to solve urgent needs, from artificial intelligence to cybersecurity to power and energy systems.
The program also included a panel discussion with leaders from three small businesses that have won previous RIF contracts: Minnesota Wire, Athena GTX and Third Wave Systems. Representatives from Minneapolis-based 3M and Northrop Grumman also discussed how small business can team with them to pursue defense market opportunities, including those with the RIF program.
The Defense Alliance is a U.S. Small Business Administration-funded Regional Innovation Cluster operated by LSI.
Read more about this Defense Alliance event here: http://defensealliance.com/news/navy-rif-program-successful-event-in-minneapolis/