Emphasizing energy security, materials and microelectronics, the Pentagon this month issued internal guidance to defense officials on how the department plans to use the Rapid Innovation Fund to spur investment and followed up with a related solicitation to industry. The fund, which DOD did not request funding for in fiscal year 2013, is supposed to support small, urgent projects to be developed by industry. The FY-12 funding for the program is $200 million. Pentagon acquisition chief Frank Kendall's new guidance...
