OnPoint Technologies

Army Venture Capital Initiative AVCI Process Partners Team History Investment Focus Contact Us Menu Transitioning Tomorrow's Technology Today Army Venture Capital Initiative is a strategic private equity investor with a mission to discover, invest in and support companies at the intersection of defense and commercial markets. Army Venture Capital Initiative AVCI is the venture activity of the U.S. Army and Department of Defense chartered by Congress to strategically invest in cutting-­edge technologies. We support venture-funded companies developing innovative technologies of significant interest to the warfighter; these technology startups are traditionally beyond the reach of the DoD. As a strategic investor, we aim to accelerate product development and efficiently deliver breakthrough, war-winning capabilities. Our model helps build sustainable solutions and is powered by investing along with venture capital firms. We focus on technologies addressing the needs of the commercial market that will also meet priority warfighter needs. For each dollar AVCI invests in a company, the venture community, on average, invests more than $22. Process AVCIs model offers a complement to traditional acquisition and uses a proven commercial investment methodology that results in faster solution identification, product development, continuous enhancements, and is often accompanied by lower costs to the Department of Defense. AVCI executes a deal process comprising: Opportunity Identification // Work with U.S. Army and DoD partners to understand needs, gaps, and shortfalls, and survey commercial market to identify technologies. Opportunity Validation // Conduct formal due diligence, including market analysis, technology analysis, and financial analysis to rigorously vet the opportunity. Opportunity Execution // Evaluate structure and terms of the opportunity, perform valuation analysis by assessing risk (market, technology, management, financial, etc.), perform return on technology analysis, and establish terms and conditions subject to prevailing market conditions. Approval to fund an opportunity through an investment or other structure requires the vote of the Board of Trustees. Partners AVCIs primary interlocutor for the Department of Defense is the Office of the Deputy Assistant Secretary of the Army for Acquisition, Logistics and Technology (ASA(ALT)). Experienced military officers and civilians within DoD provide a direct connection to the Departments technology leaders and end users; this ensures alignment of our strategy and investments. We work directly with service branch interface teams to identify mission­-critical needs and support individual compents across the DoD on a case-by-case basis. With ODASA(R T) coordination, we work directly with Army components having mission-critical needs. These components spin-up interface teams to help facilitate technology development, evaluation, and transition. We also support components across the DoD on a case-by-case basis. Our Team AVCI is guided by a Board of Trustees comprising notable leaders in national security, academia, and industry. AVCI does not have a staff as its charitable purpose is managed by Arsenal Venture Partners a multi-stage venture capital firm with a nation-wide team of entrepreneurs, technologists and operators. Team members have diverse backgrounds with common traits each has deep knowledge of their chosen field and associated intricacies of the Military Industrial Complex, and is committed to AVCIs core mission: develop better collaborative ties with growth-oriented technology startups to accelerate the delivery of innovative solutions addressing priority defense needs. Hon. Paul J. Page Hoeper Trustee Chair Paul Gompers, Ph.D Trustee LTG Rhett Hernandez (USA ret) Trustee Jason Rottenberg Managing Director and Trustee Adam Goobic Director and Trustee Peter Dixon Director and Army Transition and Coordination Officer Chris Fountas Director History The U.S. Army and Department of Defense have a legacy in the advancement of cutting­-edge science and technology, from ARPANET to the advent of GPS. By the late 1990s, however, commercial innovation eclipsed that of the DoD and other U.S. Government agencies. Commercial technologies from startups were addressing many of the same needs held by the DoD. AVCI, consequently, was created as identified in Broad Agency Announcement DAAB07­02­R­B223 a result of Section 8150 of Public Law 107­ 117, the Department of Defense Appropriations Act enacted by Congress in fiscal year 2002, which set aside funding for a Venture Capital Initiative. AVCI was thus chartered to build a bridge between the Department of Defense and the high­technology community. Investment Focus AVCI is a strategic investor and invests at all stages of the investment lifecycle. Typical investment size ranges from $500K to $2M, and we will both lead and follow transactions. Our initial core investment focus area was mobile power and energy enabling technologies. We now have a broadened mandate and focus across emerging technologies of significant interest to the warfighter such as autonomy, cyber, health information systems, and advanced materials. Contact Us Name* Company* Email Address* © AVCI 2015. All rights reserved.