Colin Demarest
Innovation is a weapon. But in a defense world pockmarked by delays, it typically doesn't come fast or cheap.
Why it matters: The largest leaps ahead are accomplished by butting heads with the hardest problems.
- And, oftentimes, whoever corners a market as it emerges sets its rules.
The latest: Axios spoke with a half-dozen business executives, financiers, former defense officials and more who made the national-security case for patient capital and argued the government should play riskier hands on technologies that may not come to immediate fruition but, given enough time, can change the game.
- "The next decade of geopolitical competition is going to get boiled down to frontier technology," Adam Hammer, CEO of Roadrunner Venture Studios, told Axios. "Which technologies dominate and where they are built will decide some of the most important questions facing humanity."
- Roadrunner springboards deep-tech endeavors. It works closely with scientists and scholars at national labs and universities.
- "Today it's like, 'Hey, we discovered something in the lab. It's at a bench top.' Great. It needs a team. It needs a business model. It needs to be productized. It needs marketing. It needs all of these things to make it scale," Hammer said. "But we as a country have not figured out that early valley of death."
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