Congressman Henry Cuellar (TX-28) announced that the Air Force “Pitch Day” initiative is currently open and accepting applications from U.S. small businesses and start-ups through February 6, 2019.
“Small businesses are the backbone of our economy,” said Congressman Cuellar. “As a former small business owner, I know the challenges of opening a business, including finding the resources and funds to get started, and just as important, how to the keep the business running. I encourage all eligible businesses and start-ups to explore this prestigious opportunity with the Air Force.”
The Air Force is using the “Pitch Day” approach to find and fund U.S. start-up companies and small businesses by encouraging companies to partner with the Air Force. Often, small businesses and start-up companies don’t conduct business with the Air Force because due to the lengthy government acquisition process. The Air Force Pitch Day will award up to $40 million to U.S. start-ups and small businesses using one-day, one-page contracts, increasing the speed and efficiency of Air Force acquisition.
The process starts out when the Air Force posts its problems/topics online (currently online). The businesses will then have until February 6, 2019 to submit proposals and small pitch decks to the Air Force. The Air Force will then review and invite those companies the Air Force believes have promising ideas to New York to pitch their ideas. Finally, on March 6, 2019 the companies will pitch their ideas to Air Force leadership. If the Air Force leadership believes in the idea, the company will be awarded a contract (up to $158,000!) that day and receive payment the same day via credit card.