Funding Cyberspace: The Case for an Air Force Venture Capital Initiative
AIR AND SPACE POWER JOURNAL MAXWELL AFB AL
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The Air Force needs a cyberspace investment strategy. Facing a 20 percent decrease in research and development RD 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.
- Economics and Cost Analysis