September 07, 2006 at 10:32 AM EDT
DSTA Now Accepting Applications

The Defense and Security Technology Accelerator (DSTA) is now accepting applications for the recruitment of companies in the security and defense technology sectors. Companies that will be considered for the program should have either developed or currently be developing products or services for the military or commercial marketplaces and be able to demonstrate sufficient market potential. All companies should be for-profit and have the potential to create jobs while participating in DSTA.

The initial companies that are accepted into DSTA can be considered for a DSTA Fusion Grant of $10,000 to $50,000 to assist with validation of technology and/or market. Companies can submit their applications by going to the DSTA website at http://dstanc.org/forms/apply/index.html.

About Defense Security Technology Accelerator

Headquartered in Fayetteville, NC the DSTA is an incubation program that will assist entrepreneurs with the rapid development (8 - 18 months) of dual use defense and security technology solutions to meet the military's technology needs, as well as private commercial demands. The DSTA will assist with technology, prototype and product development as well as assist entrepreneurs with access to customers and contacts, guidance for finding capital and professional coaching. The DSTA is the cornerstone of an initiative by the North Carolina Technology Association (NCTA) to establish a statewide Defense and Security Cluster to foster statewide innovation through existing resources and partnerships to create new companies and jobs throughout North Carolina by collaborating with the military, private industry, government and entrepreneurs.

About Partnership for Defense Innovation

The Partnership for Defense Innovation (PDI) is a 501 (c)(3) not-for-profit corporation established to encourage economic development opportunities in Cumberland County, North Carolina, particularly with respect to homeland security and national defense industries.

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