Episode 19: How The USAF Used Innovation Research Programs Like TechStars To Influence Unique Military Funding Approaches To Drive Profound Disruption

In this episode, Mike has a compelling conversation about how Innovation Research Programs Like The New Small Business Grant Programs Are Transforming Military Funding Approaches & The Result Is Profound Disruption To How We Solve Problems. Geopolitical tensions abound. Asia. The Middle East. Eastern Europe. Africa. For the US military, business as usual is no longer adequate. Dramatic improvements in agility, speed, costs, etc are vital based on today’s global realities. Programs like the US Airforce AFWERX program drive open collaboration across a global ecosystem to enable at speeds once unimaginable This episode focuses on the story of 4 young United States Air Force captains, including US Airforce Academy graduate Captain Steven Lauver, active duty U28A pilot & AFWERX accelerator manager, working closely with Warren Katz, Techstars program Managing Director, to profoundly disrupt how this branch innovates. Steve & Warren share the impressive results of the 1st two cohorts & preview what to expect from their impressive 3rd cohort, now in session. Results from this ground-breaking “experiment” include: -Incorporating a truly global world view of innovation potential and capacity, with participating from Canada , the UK, Poland, Singapore & the US. This is historically unprecedented for military technology sourcing programs -100% of the 20 startups that have graduated from the program to date remain active. This is unprecedented as deep tech startups fail at alarmingly high rates -A newly designed, non-dilutive Small Business Innovation Research (SBIR) grant program was significantly improved to minimize bureaucracy and enable funding - approval turnaround times at startup speed. It has seen a 200% increase in applications just two years. Previously, only 10% of TechStars startups applied for the prior version of SBIR grants -As proof of the efficacy of the improved program $20M in SBIR funding has been secured by the first two 20 startups that have “graduated” from the 2018 & 2019 programs. -New investors have joined the ecosystem to support these graduates - The culture itself is being transformed, with more service members taking on the growth mindset of "Airmen - " , infused with a sense of ownership of solving problems by leveraging open innovation from Techstars & many other sources. An early breakout success, , solved a problem that went unfixed for 75 years. Under the traditional approach, this innovation would never have been identified. Today, they're growing exponentially just one year after graduating from the program. Founder, , is a Forbes designee - A significant increase in high potential global applicants to this highly selective program -The early success of this program is now being piloted by other branches of the US military Stay tuned, next week, when Nakiso is back in the studio to continue the take aways from this episode and build on an exciting discussion with a VC firm that's focused on advancing innovation in a compelling way.

You can listen to Episode 19: How The USAF Used Innovation Research Programs Like TechStars To Influence Unique Military Funding Approaches To Drive Profound Disruption online on Radio and Podcast. Open the player on this page to stream the available audio.

Episode 19: How The USAF Used Innovation Research Programs Like TechStars To Influence Unique Military Funding Approaches To Drive Profound Disruption is an episode from Disruptive Innovation Podcast (D.I.P.) by Nakiso Maodza & Mike Grandinetti.

This episode is 01:10:21 long.

This episode was published on Feb 19, 2020.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from Disruptive Innovation Podcast (D.I.P.) when more episodes are available from the podcast feed.