Army Venture Capital Corporation
| Company type | Venture capital firm |
|---|---|
| Industry | Defense |
Key people | Jake Chapman (Managing Director) |
| Website | https://www.army.vc/ |
The Army Venture Capital Corporation (AVCC) is the venture capital arm of the United States Army.
History
The AVCC was established by the U.S. Congress in 2002 with an initial funding allocation of twenty-five million dollars.[1] The organization has achieved limited success in accomplishing its stated goals since its founding.[2]
See also
- Defense Innovation Unit – similar organization launched to assist the Department of Defense in leveraging commercial markets
- In-Q-Tel – similar organization chartered through the CIA
References
- ^ Department of Defense and Emergency Supplemental Appropriations for Recovery from and Response to Terrorist Attacks on the United States Act (Public Law 107-117). 107th United States Congress. September 30, 2002.
- ^ Barnett, Jackson (2022-02-11). "The Army is trying to jump-start its venture capital arm". FedScoop. Scoop News Group. Retrieved 2022-04-08.
The Army Venture Capital Corporation's (AVCC) first iteration was a failure, investing in companies that deflated during the 2008 recession and not building the goodwill it needed in the valley to be a trusted partner. Or a least, that's Chapman's diagnosis and exactly what he wants to avoid.
Further reading
- Parmentola, John (2003-11-01). "Army Venture Capital Initiative" (PDF). Army AS&T. U.S. Army Acquisition Support Center. Retrieved 2022-04-08.
- RAND Arroyo Center (2002). Seeking Nontraditional Approaches to Collaborating and Partnering with Industry (PDF) (Report). RAND Corporation. Archived (PDF) from the original on July 10, 2020. Retrieved 2022-04-08.
External links