WASHINGTON, July 20, 2016 /PRNewswire/ -- Dcode42, a government-focused accelerator program, officially opened applications today for its Fall 2016 cohort. This cycle, the program is specifically seeking companies that work in the Big Data and analytics space.
"The government amasses tremendous amounts of highly valuable data, but it needs better tools to be able to make use of that information," said Meagan Metzger, Dcode42 founder. "Data is an on-going discussion in our conversations with agencies like NGA and DHS. They want and need data analytics to help them gather meaningful insights. Those insights could help prevent terrorist attacks, predict deadly outbreaks, and better serve our veterans, just to name a few, and innovations coming out of the private sector can help agencies do exactly that."
The next cohort's focus aligns with a number of initiatives coming out of the government recently, including the White House's Big Data Research and Development Plan and The Opportunity Project, both of which encourage the development of a national Big Data ecosystem to solve the critical challenges faced by federal, state, and local governments.
Companies accepted into Dcode42's six-month program receive concentrated guidance in crucial aspects of entering the federal market, including expert-led classes, access to specialist mentors, exposure to an extensive partner network, and the opportunity to present in front of key government and industry leaders as well as investors. Participants of previous cohorts have briefed over 200 federal stakeholders and potential partners.
The program has two tracks for companies of different sizes: the startups track, for companies with under $14M in revenue and/or funding, and the emerging growth track, for companies with $14-100M in revenue and/or funding. The program will begin October 3; companies are not required to relocate to DC and can participate remotely.
Dcode42's mission is to accelerate innovation in the federal government by providing technology companies with the skills and resources they need to successfully enter the federal space. The selective program helps innovative companies bring their cutting-edge technology into the government by making it faster, easier and less costly to enter the market and succeed over the long term. With expert guidance and access to a vast array of vital resources, program participants will break through barriers to gain entry to the $79 billion IT budget of the US government, the largest consumer of products and services in the world. www.dcode42.com or on Twitter @Dcode42DC
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