The final day of the SOFWERX Small Business Bootcamp in Tampa brought everything together, from government and venture capital partnerships to real-world networking opportunities. The sessions focused on how SOCOM and venture capital can work together to support defense innovation, how small businesses can position themselves for funding, and what investors are really looking for. The day wrapped up with a speed networking session, allowing us to pitch ideas and connect with potential partners, investors, and customers.

The SOCOM-VC Collaboration Panel highlighted the growing relationship between private capital and defense technology. SOCOM is increasingly looking to venture-backed companies for innovation, recognizing that private investors are pouring billions into defense-related technology. The goal is to reduce barriers between the government and investors, speed up the acquisition process, and get the best solutions into the hands of warfighters faster. SOCOM has created a pilot program that matches select venture capital firms with promising startups to mentor them, provide access to funding, and help navigate the defense market​.

One of the biggest takeaways was how much private capital is shaping the future of defense. In 2016, about $7 billion was invested in defense technology. By 2024, that number had grown to $42 billion. Meanwhile, the Department of Defense now accounts for less than 1% of all global R&D spending, down from 24% in 1960. This shift means that the best innovation isn’t necessarily coming from inside the Pentagon, but from the private sector. SOCOM is working to ensure it becomes a preferred customer for these cutting-edge technologies​.

The discussion also touched on the challenges of working with the government, including the complex acquisition process and the limitations of SOCOM’s budget. The panelists emphasized that SOCOM is a great entry point into defense contracting for small businesses. Compared to other parts of the Department of Defense, SOCOM has been far more successful in awarding contracts to venture-backed businesses, making it an ideal first stop for startups looking to break into the market​.

After the sessions, the bootcamp closed with a speed networking event. This was a chance for businesses to refine their pitch, meet potential investors and collaborators, and get direct feedback from people actively working in defense and venture capital. Events like this are critical for companies that want to understand the landscape, make the right connections, and take the next steps toward securing funding and contracts.

This bootcamp reinforced a key message: success in this space requires more than just a great idea. It takes strategic networking, a deep understanding of the funding landscape, and the ability to navigate government processes. SOCOM and its partners are making changes to improve how innovation reaches the field, and small businesses that are ready to engage will find plenty of opportunities ahead.