Venture Beat: Allied Minds & the DOD - 50,000 Scientists at 100 Labs Creating Technologies
Allied Minds and the DOD: 50,000 scientists at 100 labs creating technologies fueling 100 startups a year
by John Kietsier
The U.S Department of Defense spends $100 billion a year funding 50,000 scientists in 100 research labs to create innovative new technologies. Now some of those new technologies will be coming to consumers.
Allied Minds, an “alternative investment company” in Boston, has secured a partnership with the DOD to license military-developed technologies, build commercial applications, and create new companies. First-year investment will total $100 million.
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