DOD small business chief to restart Rapid Innovation Fund

By Audrey Decker / February 21, 2023 at 4:49 PM
The Pentagon is planning to bring back the Rapid Innovation Fund -- a pot of money initially created to help small technology companies bridge "the valley of death" that hasn't been funded for several years. Historically funded through congressional adds, the RIF was established in the FY-11 National Defense Authorization Act to accelerate the fielding of innovative technologies into military systems. While the Defense Department has never put the RIF into a president's budget, “we've now committed to doing that,”...

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