Markets    Welcome to 2009

Unfortunately, today the wheels are starting to come off the IT innovation bus.

The Venture Capital Market is shrinking at an alarming rate. New company IPO's are becoming a newsworthy event instead of a daily occurrence. The global financial market crisis and the current recession are evaporating an entrepreneur's access to capital. Commercial IT organizations are slashing their budgets wherever they can.

And yet there is a light at the end of this tunnel that could open the door once again for IT innovators around the globe to find the early access to the revenue that they need to grow their fledgling companies. That light is actually coming from an old source....the U.S. Government.

Just as World War II and the Cold War drove demand for new Information Technology decades ago, the Global War on Terror and the growing importance of the fifth battlefield (Cyber) is once again driving demand for new IT innovation.

U.S. Government spending on Cyber Security is expected to exceed $17 Billion. Intelligence programs needing to analyze the ocean of open source and captured data from around the world will be spending tens of billions of dollars. Security-related technologies will remain a growth market in the U.S. Government sector for the foreseeable future.

Some important things have changed, however, since the last golden age of U.S. Government-supported IT innovation and commercialization. First, the U.S. government can no longer afford the time or the cost to develop their own security solutions. They must find existing commercial technology, buy it, and adapt it if necessary. The speed of the adversary and the evolution of the threats make this approach the only viable option. Second, the day when the government could turn exclusively to their security-cleared, U.S. Contractors for a solution is over. They must now also reach out to U.S. commercial technology companies and to foreign technology companies in order to find what they need. Even the CIA's own venture fund, InQTel, is beginning to look offshore for investments candidates.

Prescint brings over 30 years of experience in successfully introducing new IT products into the U.S. government market. If your company has technology that you believe could help the U.S. Government, but you have never considered this market or thought it too difficult or costly a market to consider, give us a call. We can help you determine quickly if there is an opportunity and, if there is, we can readily provide you the resources needed to make that opportunity a revenue-generating reality.