BMNT


Associated tags: BMNT, PALO, Government

Locations: NEWELL, CALIFORNIA, SOUTH AMERICA, ASIA

BMNT Strengthens Leadership Team to Drive Future Growth

Retrieved on: 
Monday, May 6, 2024

PALO ALTO, Calif., May 6, 2024 /PRNewswire/ -- BMNT, a leader in government innovation, is strengthening its role in bridging commercial technology with national security through the promotion of two key team members. BMNT CEO Peter Newell announced that William Treseder has been appointed the Chief Operating Officer, and Mark Peterson the Chief Financial Officer. These promotions are part of BMNT's strategy to expand and enhance the services it provides to government clients.

Key Points: 
  • BMNT CEO Peter Newell announced that William Treseder has been appointed the Chief Operating Officer, and Mark Peterson the Chief Financial Officer.
  • These promotions are part of BMNT's strategy to expand and enhance the services it provides to government clients.
  • He has worked extensively with startups and played a crucial role in BMNT's growth through strategic investments and business operations.
  • These new appointments will help BMNT have a greater strategic impact and support its expansion globally.

Unlocking Space Innovation

Retrieved on: 
Tuesday, January 16, 2024

PALO ALTO, Calif., Jan. 16, 2024 /PRNewswire/ -- With the award of a new contract to support SpaceWERX, BMNT – the company transforming government innovation – continues to grow its space entrepreneurship practice to address the challenges of today and tomorrow. The new contract coincides with an increase in the available contract ceiling on BMNT's Broad Purchase Agreement with AFWERX to accommodate more support. The contract ceiling is now $9 million, up from $1.9 million.

Key Points: 
  • PALO ALTO, Calif., Jan. 16, 2024 /PRNewswire/ -- With the award of a new contract to support SpaceWERX, BMNT – the company transforming government innovation – continues to grow its space entrepreneurship practice to address the challenges of today and tomorrow.
  • SpaceWERX is the innovation arm of the U.S. Space Force and a key part of AFWERX, the innovation arm of the U.S. Air Force.
  • BMNT's space practice – led by its H4XLabs business unit – is intended to use commercial innovation to solve government needs, particularly in fast-moving startup ecosystems previously overlooked by government agencies.
  • The SpaceWERX Orbital Prime CDP engages with the broader space manufacturing community to ensure that what the government needs to buy is available on the commercial market when they need to buy it.

AUKUS Defense Investor Network Launches

Retrieved on: 
Tuesday, December 5, 2023

PALO ALTO, Calif., Dec. 5, 2023 /PRNewswire/ -- Efforts to accelerate private sector investment in national security innovation challenges grew today with the announcement by BMNT Inc. of the AUKUS Defense Investor Network (DIN) dedicated to accelerating the growth of new capabilities and building new industries to help further peace, stability and prosperity around the world.

Key Points: 
  • PALO ALTO, Calif., Dec. 5, 2023 /PRNewswire/ -- Efforts to accelerate private sector investment in national security innovation challenges grew today with the announcement by BMNT Inc. of the AUKUS Defense Investor Network (DIN) dedicated to accelerating the growth of new capabilities and building new industries to help further peace, stability and prosperity around the world.
  • The AUKUS DIN, a collaboration with the Defense Innovation Units in the U.S. and UK, is a network of leading private capital investors from 300+ institutional venture capital firms, corporate venture capital (CVC) groups and family offices from the U.S., UK and Australia representing more than $265 billion USD.
  • "As the innovation lead for AUKUS Pillar 2, I am excited to see the creation of an AUKUS Defense Investors Network, which I hope will increase awareness and understanding of our shared security challenges across the venture capital community, and help our cutting-edge companies bring their creativity to bear against some of our toughest national security challenges."
  • "The AUKUS DIN builds on the efforts of the existing Defense Investor Networks in the U.S., UK and Australia, helping to advance the development of dual-use technologies with clean, trusted capital," said BMNT Entrepreneur in Residence Heather Jo Richman , founder and chair of the U.S. DIN.

Fueling Growth for Dual-Use Ventures

Retrieved on: 
Friday, September 29, 2023

PALO ALTO, Calif., Sept. 29, 2023 /PRNewswire/ -- Hacking for Allies has numerous wins to report as it kicks off its fourth cohort next week.

Key Points: 
  • The D•ICE solution will fly with tactical UAS OEMs by the end of 2023 and be deployed with NATO allied forces in 2024.
  • The capital investment was made to build a sustainable pilot line for assembling batteries in Norway.
  • Avju Solutions Completed a $2M USD funding round to fuel continued growth of their unique solutions to maximize security and efficiency of the power grid.
  • Squarehead Technology partnered with UK-based defense contractor Chess Dynamics to build a Counter-Unmanned Aircraft System with 4D radar and advanced acoustic technology.

BMNT Inc. Hires Health Practice Lead

Retrieved on: 
Thursday, September 14, 2023

PALO ALTO, Calif., Sept. 14, 2023 /PRNewswire/ -- Jennifer Bullard Madsen, MPH, a senior healthcare executive with broad policy expertise and industry knowledge, will lead BMNT Inc.'s new health practice, the global innovation company announced today. 

Key Points: 
  • PALO ALTO, Calif., Sept. 14, 2023 /PRNewswire/ -- Jennifer Bullard Madsen, MPH, a senior healthcare executive with broad policy expertise and industry knowledge, will lead BMNT Inc.'s new health practice, the global innovation company announced today.
  • In this role Jen will lead efforts to help the new Advanced Research Projects Agency for Health (ARPA-H ) advance biomedical innovation and improve health outcomes.
  • BMNT will help the Project Accelerator Transition Innovation Office ( PATIO ) at ARPA-H design sustainable transition pathways for ARPA-H's investments to meaningfully change health outcomes for Americans.
  • ARPA-H is a natural extension of BMNT's support to other mission-driven organizations, and we're excited to follow Jen's lead in transforming health outcomes for all Americans," said BMNT CEO Pete Newell.

Fostering Innovation in Space

Retrieved on: 
Tuesday, June 27, 2023

PALO ALTO, Calif., June 27, 2023 /PRNewswire/ -- With the award of a new U.S. Space Force contract to accelerate the adoption of innovative solutions, BMNT – the government innovation and transformation company – continues to grow its space practice to address the challenges of today while stimulating investment in the solutions of tomorrow.

Key Points: 
  • Building on work with NASA and Aerospace Corporation, BMNT will advance innovation in the space sector through SpaceWERX's Orbital Prime initiative.
  • BMNT's space practice – led by its H4XLabs team – aims to accelerate and leverage commercial innovation for governments, particularly from previously overlooked startup ecosystems.
  • BMNT will drive this community toward opportunities like SBIR Ignite, NASA's annual solicitation for Small Business Innovation Research.
  • BMNT also helps Aerospace Corporation, the only federally funded research and development center for the space enterprise, work with the startup ecosystem to solve a wide range of government problems through the accelerated adoption of space innovations.

Former TSA Innovation Chief Joins BMNT Inc.

Retrieved on: 
Thursday, June 15, 2023

PALO ALTO, Calif., June 15, 2023 /PRNewswire/ -- Daniel McCoy, former chief innovation officer at the Transportation Security Administration, is BMNT Inc. 's new Head of Business Development, the company announced this week.

Key Points: 
  • PALO ALTO, Calif., June 15, 2023 /PRNewswire/ -- Daniel McCoy, former chief innovation officer at the Transportation Security Administration, is BMNT Inc. 's new Head of Business Development, the company announced this week.
  • At TSA, McCoy established the first-in-government Innovation Doctrine to foster creativity, trust, and innovation; and the TSA innovation pipeline – a repeatable process for developing innovative solutions across the agency.
  • The TSA Innovation Team established under McCoy leads enterprise-wide innovation, entrepreneurship and engagement.
  • Along with the TSA Innovation Office and Innovation Doctrine, the agency established Local Innovation for TSA (LIFT) Cells at airports across the country to multiply the discovery, pilot, and transition capabilities of the agency to expand real solution development for front line transportation security officers.

Creating Public Sector Innovators

Retrieved on: 
Tuesday, June 13, 2023

PALO ALTO, Calif., June 13, 2023 /PRNewswire/ -- BMNT Inc.'s commitment to creating a new generation of public sector innovators continues to grow with the addition of two courses to teach military service members how to solve critical challenges at startup speed.

Key Points: 
  • BMNT Inc.'s training classes bring modern entrepreneurship skills, tools to the military community
    PALO ALTO, Calif., June 13, 2023 /PRNewswire/ -- BMNT Inc.'s commitment to creating a new generation of public sector innovators continues to grow with the addition of two courses to teach military service members how to solve critical challenges at startup speed.
  • The Innovation LaunchPoint program, consisting of four offerings that foster cultural change by establishing a common understanding about innovation concepts across the workforce.
  • The class qualifies for Tuition Assistance or Veterans Administration funding like the GI Bill or Veteran Readiness and Employment.
  • The self-paced version of IPL offers the same content as the instructor-led class in an asynchronous format.

Fostering Innovation in the Air Force

Retrieved on: 
Monday, February 27, 2023

PALO ALTO, Calif., Feb. 27, 2023 /PRNewswire/ -- Air Force leaders working to integrate innovation skills across their organizations have a new way to accelerate change.  

Key Points: 
  • PALO ALTO, Calif., Feb. 27, 2023 /PRNewswire/ -- Air Force leaders working to integrate innovation skills across their organizations have a new way to accelerate change.
  • The Innovation Project Leaders (IPL) course offered by BMNT , the company transforming mission-driven innovation, and North Carolina State University is a unique opportunity for leaders to develop innovation capacity by building a cadre of trained, certified innovation professionals.
  • Airmen can now receive the "Complex Problem Solving" Special Experience Identifier (SEI) designation issued by the Air Force for completing the course.
  • As the Air Force continues to build the capacity for innovation, SEIs will be one way the Service identifies Airmen for future assignments.

Accelerating Global Defense Logistics

Retrieved on: 
Thursday, February 9, 2023

PALO ALTO, Calif., Feb. 9, 2023 /PRNewswire/ -- With the award of a three-year, $9 million contract to support the Defense Logistics Agency, BMNT – the company transforming mission-driven innovation – is now on its fourth contract with the nation's largest combat support agency that includes a global IT infrastructure and the hardware and software to support it.

Key Points: 
  • PALO ALTO, Calif., Feb. 9, 2023 /PRNewswire/ -- With the award of a three-year, $9 million contract to support the Defense Logistics Agency, BMNT – the company transforming mission-driven innovation – is now on its fourth contract with the nation's largest combat support agency that includes a global IT infrastructure and the hardware and software to support it.
  • Over the next three years, through BMNT's innovation-as-a-service offering, the company will help the J68 Technology Accelerator identify high-value projects and then rapidly build and test prototypes.
  • "Logistics remains as important today as at any point in history," says Pete Newell, CEO of BMNT.
  • In addition to DLA, BMNT's innovation-as-a-service offering is in use at such diverse organizations as the Office of Naval Research, Advanced Research Projects Agency for Health, Defense Intelligence Agency, Transportation Security Administration, and more.