In this episode Strategic Institute discusses how tapping outside funding, non taxpayer sources, can benefit federal R&D and innovation programs.
We applaud the idea behind the recently announced Department of Defense, Office of Strategic Capital. Strategic Institute with partners, Innovation Finance Group and 50lb Brain, spent years spreading the gospel of using outside capital to better the pace of innovation, encourage dual-use and collaboration, improve affordability, and ultimately lead to better delivered solutions and outcomes for stakeholders broadly.
Given that this is an entirely different approach to business and thinking, Other Transactions authorities, flexible contracts that encourage external funding, are the obvious and appropriate contractual instruments to be applied if this program is earnest and wants to succeed.
Once you see beyond business-as-usual and become flexible in your thinking – horizons begin to open.