08/22/2024 | Press release | Distributed by Public on 08/22/2024 11:31
DARPA has selected five top technology accelerators from across the nation as DARPA Commercial Accelerators to facilitate rapid commercialization and scale of DARPA-funded technologies.
The regional Commercial Accelerators are:
DARPA Commercial Accelerators will work with qualified DARPA-funded companies developing early-stage technologies with the potential for significant impact to:
DARPA Commercial Strategy leads the agency's efforts to bring top business expertise and commercial entrepreneurial talent to DARPA performers. Commercial Strategy's mission is to prevent adversarial influence in DARPA-funded technologies, so they remain accessible and available to the United States and its allies. The Commercial Strategy team focuses on reducing the highest business risks to enable defense and commercial sectors to scale DARPA technologies faster, more efficiently, and with maximum impact for national and economic security.
DARPA Commercial Accelerators will enhance and scale Commercial Strategy's successful Embedded Entrepreneur Initiative (EEI) pilot program. The EEI program provides funding to connect a performer's technical team with commercialization experts. Since 2022, the EEI program has helped DARPA performers raise over $1 billion in private investment capital and launch over 21 new products, services, and capabilities. Additionally, U.S. corporations have invested $639 million in acquisition of DARPA early-stage technologies.
"DARPA's mission remains steadfast in pushing the boundaries of science and technology to prevent and create technological surprise. With these regional accelerators, we can ensure more DARPA-funded teams can recruit top talent, develop robust go-to-market strategies, raise capital, and scale operations, turning groundbreaking technology into high value for national, economic, and societal impact," said DARPA Chief of Commercial Strategy Sha-Chelle Manning.