AFVentures, a division of AFWERX and the commercial investment arm of the Department of the Air Force, focuses on funding emerging technologies to deliver capabilities for the Air Force and Space Force. It acts as a bridge between the U.S. government and private sector, matching operator needs with innovative solutions from small businesses, primarily through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. AFVentures seeks to expand the defense industrial base by attracting and scaling small businesses via government and private capital, with partners like SpaceWERX and Space Systems Command.
All verified mentions of this organization in source documents.
The U.S. Air Force, through the AFVentures Strategic Funding Increase program, is supporting development of Tomorrow.io's first four satellites with a $19,300,000 contract.
Tomorrow.io won a $19,300,000 contract from the U.S. Air Force’s AFVentures Strategic Funding Increase program.
The $26,400,000 contract was awarded by the U.S. Air Force’s AFVentures with funding from the U.S. Space Force Space and Missile Systems Center and the Air Force Research Laboratory.
In October, Orbital Sidekick received a $16,000,000 award from the U.S. Air Force commercial investment group AFVentures’ Strategic Financing program to support the launch of its six-satellite Global Hyperspectral Observation Satellite constellation (GHOSt).
AFVentures’ Strategic Financing (STRATFI) initiative provides funding of up to $15,000,000 for companies with products of significant military interest.