Funding Cyberspace: The Case for an Air Force Venture Capital Initiative

Abstract

The Air Force needs a cyberspace investment strategy. Facing a 20 percent decrease in research and development (R&D) funding from fiscal year 2012, the service remains responsible for innovating with effect amid the hyperdynamic, commercially intertwined, entrepreneurially driven cyberspace business environment.1 Though daunting, the situation presents an opportunity to explore the use of creative solutions. The government already makes limited use of one such mechanism the venture capital initiative (VCI). Privately owned and guided by government-specific direction, In-Q-Tel and On- Point Technologies give the Central Intelligence Agency (CIA) and Army, respectively, access to emerging technologies through investment tools common to the venture capital (VC) community. Though uncommon in the defense acquisition community and fraught with challenges, VCIs are relevant funding mechanisms in the entrepreneurial world of cyber innovation.

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 2013
Accession Number
ADA625691

Entities

People

  • Chadwick M. Steipp

Organizations

  • Air and Space Power Journal

Tags

Communities of Interest

  • Cyber
  • Energy and Power Technologies
  • Human Systems

DTIC Thesaurus Topics

  • Acquisition
  • Air Force
  • Capital Investments
  • Commerce
  • Corporations
  • Cyberspace
  • Emerging Technology
  • Governments
  • Information Operations
  • Investments
  • Law
  • Leading Edges
  • Military Acquisition
  • Money
  • National Security
  • Personnel Management
  • Small Business

Readers

  • Defense Technology Research and Development.
  • Economics
  • Irregular Warfare and Special Operations Cyberspace Operations against Adversarial Threats.

Technology Areas

  • Cyber