Cybersecurity Startups Poised for Growth as Two Bills Aim To Streamline Federal Contracting

August 3, 2016Articles Philadelphia Alliance for Capital and Technologies

Alexander S. Radus authored the Philadelphia Alliance for Capital and Technologies article, "Cybersecurity Startups Poised for Growth as Two Bills Aim To Streamline Federal Contracting." 

Cybersecurity solutions are in high demand and investors are betting on startups for high returns. In the past six years, high growth emerging companies in this space have received a total of $9 billion in venture capital funding, according to the National Venture Capital Association.

But while the private sector has rapidly adopted the solutions that cybersecurity startups develop, the federal government has been missing out on these innovations due to its cumbersome and confusing procurement process.

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