Identifying Novel Ways to Incentivize Industry in Defense Acquisition : Acquisition Innovation Research Center , February 18 , 2025
Identifying Novel Ways to Incentivize Industry in Defense Acquisition : Acquisition Innovation Research Center , February 18 , 2025
From the report: "The objective of this innovation project was to explore current and emerging Department of Defense (DoD) models for industry engagement and develop some novel ways to incentive industry throughout the defense acquisition process. In particular, this project focused on how the federal government can better work with traditional industry in non-traditional ways, and how to work with venture capital- and private equity-backed firms in the defense marketplace. By design, this innovation project had a very short period of performance. As a result, some of these recommendations are directional in nature and require follow-on analysis and actions to facilitate implementation.
The research team conducted a literature review and held discussions with numerous senior government officials and industry executives from traditional, private equity-backed, and venture capital-backed firms under Chatham House rules. The research summarized several of the most well-known traditional and emerging practices of industry engagement in the defense industrial base. On the traditional end of the spectrum, these include the industry engagement plans and key resources provided by DoD offices, request for proposals (RFP), and industry days. In the past decade, DoD has fostered emerging practices to strengthen industry partnerships through roundtable discussions and workshops, public-private partnerships, consortia, and even same-day contracts at “pitch days.”"
Authors - McGinn, Jerry, Hyatt, EdwardSubjects
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