Venture Capital Technology Panel (VCRAC)
NAVAL RESEARCH ADVISORY COMMITTEE ARLINGTON VA
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Objective to identify engineering standards and technologies in the technology sector that the Department of the Navy should incorporate into its technology roadmap for providing state-of-the-art capabilities to the FleetForce. Background The Department of the Navy seeks a relationship with the venture capital community that optimizes the prospects for rapid introduction of innovative technologies into acquisition programs. The following where major conclusions on venture capital engagement that were contained in the HAC response 1 the greatest value to the Department will be in early awareness of emerging commercial technology trends. 2 Venture capitalists can provide awareness in a few areas which, although they do not address all Naval needs, are critical. 3 Relationship with the Department of the Navy is of interest to venture capitalists for reasons beyond funding.
- Administration and Management
- Economics and Cost Analysis