Rapid Innovation Fund

The purpose of the Rapid Innovation Fund (RIF) is to give small businesses a means to transition their technologies to the Department of Defense for rapid inserted into acquisition programs.

Rapid Innovation funds provide up to 24 months and $3 Million in funding.  From 2011 to 2014 there were 13 solicitations via BAAs  from 19 defense components.  There were 10,800+ white papers and proposals submitted that resulted in a request for 600+ full proposals.  From these proposals there were 367 contract awards resulting in over $1 Billion in funding.

For an overview of the Rapid Innovation Fund, see this RIF briefing.

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