The graphic above helps illustrate the interlinking missions of the Center. It is an economic development tool, military/government contractor, work force and safety training developer while also promoting new and existing business. Each block is dependent on the other and vital to the success of the Center.
The Center is working with the Army to develop innovative solutions to their needs and gaps. This creates opportunities for private industry to develop these solutions and just as important, to create a sustainable environment for the government’s investment.
In turn, opportunities for businesses to start-up, expand or diversify are presented. By commercializing the newly developed innovation or process, the government leverages its funding through this economic endeavor. The commercial side also expands the customer base, rising production and lowering costs.
The Center created the Nano Valley Consortium (NVC) as a group of organizations (industry and academic) that can work together on these projects. The use of a consortium model helps to mitigate the risks of new development. The government is not relying on an individual company (expertise, resources, etc) and the individual organizations can focus on their core strengths while building a complex whole.
The Center sought and was awarded an “Other Transaction Agreement” (OTA) with the Army which is specifically intended to assist in this mission. OTA’s are intended for prototype work and to encourage non-traditional contractors to be involved. OTA’s allow for government contracts to be more ‘business friendly” – which allows the Center to get smaller yet talented companies to participate. It also encourages larger companies to work with smaller ones enabling a stronger domestic technology base.
The Center is funded through consortium membership dues, participating in projects, and with fees charged for the responsibilities it has under the OTA. The Center is the sole point of contact between the government and consortium members. The Center is not directly funded by tax payer monies.
The Center will expand as the government projects lead to the commercialization efforts. These efforts will further fund the Center and lead to a larger involvement with Warfighter and National Security projects. As a non-profit entity, all profits are reinvested with the Center and its mission.
This model for Center is intended to bring technological advances to our Warfighters and economic security to our rural areas using innovations in nanotechnology.
"Economic development refers to social and technological progress. It implies a change in the way goods and services are produced, not merely an increase in production achieved using the old methods of production on a wider scale. "
~ Wikipedia