FIBA and US SOCOM collaborate on new technologies

29 August 2016 (Last Updated August 29th, 2016 18:30)

The Florida-Israel Business Accelerator (FIBA) has reached an agreement with the US Special Operations Command (SOCOM) to jointly produce new technologies for the US Special Forces.

The Florida-Israel Business Accelerator (FIBA) has reached an agreement with the US Special Operations Command (SOCOM) to jointly produce new technologies for the US Special Forces.

Under the Cooperative Research & Development Agreement (CRADA), FIBA will offer products or services in the areas of medical technologies, biometrics, mobility, cyber-security, remote sensor power and energy among other areas for SOCOM.

FIBA president and CEO Dr. Vicki Rabenou said:  “Many Israeli start-ups have been founded by entrepreneurs with military backgrounds.

"To be able to work with SOCOM will be a tremendous draw for them and to create innovations with such a profound impact is even more appealing."

“To be able to work with SOCOM will be a tremendous draw for them and to create innovations with such a profound impact is even more appealing.”

The CRADA requires FIBA to develop technologies, materials, components, material combinations, software, modelling, simulations, and systems for the Science and Technology Directorate at the Special Operations Forces Acquisition, Technology and Logistics Center (SOF AT&L-ST).

SOF AT&L-ST is responsible for conducting research, development, testing and evaluation activities through the execution of applied research and advanced technology development.

FIBA said that it will also have the potential to receive information, feedback, data sets, and government-furnished equipment, which will allow them to support SOCOM technology requirements.

SOCOM spends more than $3bn annually on procurement, and will have an R&D budget of $538m in 2016.

The agency's small size and independent budgetary authority allows it to acquire technology more easily than other US armed service branches.