The Small Business and Technology Partnership Office recently released a report on its TechLink study of FY 2011-2016 Rapid Innovation Fund (RIF) participants. This study was commissioned to assess RIF effectiveness with respect to program objectives and transition (e.g, transfer to program of record, commercialization, etc.). Small business and follow-on Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) awards were of particular interest. The study included 479 participants, a 96% response rate. Major results for the 670 awards totaling $1.37 billion include:

    • 587 awards, $1.21 billion (89% funds) to small businesses
    • 83 awards, $0.16 billion (11% funds) to large businesses, academia, and other
    • 399 awards, $0.85 billion (62% funds) to SBIR/STTR Phase III
    • 57% of all awards transitioned or are expected to transition to Military use
    • 54% of SBIR/STTR Phase IIIs transitioned or are expected to transition to Military use
    • $2.40 billion in sales of products or services to the Military
    • $0.41 billion in sales of products or services to non-Military customers
The FY 2020 National Defense Authorization Act (NDAA) required a Department of Defense report to Congress on effectiveness of the RIF. The RIF FY 2020 NDAA report was delivered in June 2020 and included findings from the TechLink study. The RIF TechLink report was submitted to Congress in July 2020.

This report is approved for public release and available at: https://www.dodrif.us

or https://defenseinnovationmarketplace.dtic.mil/business-opportunities/rapid-innovation-fund/.