Bearing brings together tech startups falling under Foreign Ownership Control and Influence (FOCI) with the US Government to help drive commercial innovation in the Federal Marketplace – quickly and securely.
Jan 19, 2022 07:00 EST
January 19, 2022 (Newswire.com) –
Bearing Technology LLC, with offices in Colorado and Maryland, announced the launch of its FOCI Accelerator this morning.
Companies with certain levels of foreign ownership are facing challenges fulfilling Government demand for their products while incurring extensive legal and operational costs to mitigate FOCI security concerns. With Federal spending averaging about 37% of GDP each year (United States Government Spending to GDP, 2021) the Federal market represents a huge opportunity for startups that can’t be ignored. The Government needs to move faster with the…