Sea Service Recruits Venture Capitalists
Sea Service Recruits Venture Capitalists
The dot-com bubble may have burst, but the U.S. Navy is still in the market for entrepreneurs with promising innovations. It has revamped an office within the Office of Naval Research to seek out solutions then move them rapidly to the fleet. As the Navy sees it, this is a win-win proposition. Warfighters get cutting-edge tools that meet their requirements, and companies have the opportunity to get a piece of a $28 billion pie-the service's acquisition budget.