![]() ![]() ![]() Only 51 companies across 15 industries received Phase I Small Business Innovation Research (SBIR), but it only took minutes for these companies to receive their initial funding. More than 400 companies applied for this inaugural event, and 59 made the cut. The process is quite simple: invite companies to submit applications a month before the Pitch Day, vet the companies, choose the promising ones, and let them make their pitch on the day. The US Air Force is changing that by streamlining the process in what it calls Pitch Days, the first of which was on March 6 in New York. Startups and small companies, including those developing artificial intelligence, often do not have the resources to compete for a share of this market. It takes many months of painstaking work to get through the gamut of regulations that weigh about 8.5 lb when printed out. Government contracts are notoriously hard to acquire. ![]()
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