March 10, 2015
Despite its size and high demand for new technology solutions, most entrepreneurs don’t consider the government an attractive market. Dcode42, a Washington DC based company, wants to change that mindset though, and they recently launched a new program to help private sector startups and innovative technology companies gain access to the US Federal Government.
With a $79 billion IT budget in 2015, more than 4.2 million employees, and a user base of 350 million people, this should be an appealing market for innovative technology firms who want to grow their business. To that end, Dcode42 designed their new program to disrupt the government technology market, where the same large incumbent firms have dominated for the past decade, resulting in antiquated solutions remaining in place.
“The government is essentially a ‘Fortune One’ in terms of size and opportunity for the private sector,” says Meagan Metzger, founder of Dcode42. “But access to this lucrative market is extremely challenging. For example, in most instances companies must bid for work through a contract vehicle; however, in order to win a contract vehicle you must demonstrate past performance working in the government on a contract – it can be a vicious cycle.”
The Dcode42 program reduces the time to market and resources needed for companies to ‘go government’, as the team says. Billed as a selective, six month program, it’s open to both early and late stage startups as well as matured companies.
“We looked at other incubator and accelerator programs and realized that while these models are fantastic for raising capital and getting the word out to investors, they aren’t enough to break into the federal space,” says Metzger. “We consider ourselves a Super Accelerator because we blend strategy, engineering, marketing, contracting, and networking to make it easier for companies to enter the market and succeed over the long term.”
This new program is being based off of the over 50 years of combined experience the Dcode42 team has accrued starting, owning, and operating startups in the federal government market.
On August 1, 2015 the inaugural class will begin their journey, and Dcode42 is currently accepting applications. They’ll also be presenting at SXSW to talk about the opportunities for startups in the federal marketplace.
Header image cred: Dcode42 website (http://www.dcode42.com/)
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