“There is no finish line. There are only mile markers.” – Michael Ventura
The ninth week of the Digital Engineering for Space Applications: Modeling and Simulation (#CADES) programming was a success! Allie Clark, Of Counsel at Sage Law Group LLC, spoke to the cohort about equity in lieu of compensation. She explained, “The most important take away is that there are important tax implications when issuing equity and that reaching out to your advisors for guidance in this area will save you money down the road.” Afterwards, Thierry Lepoutre, Owner and President at Boostr Consulting, gave an incredible briefing about R&D tax credits. He had wonderful advice for small tech businesses when he mentioned, “The R&D tax credit program is one of the greatest sources of non-dilutive funding available to technology companies today. It reimburses up to 10% of your R&D expenses – most often in cash. Yet 50% of eligible companies are still not taking advantage of this program. Any tech company not claiming the R&D credit absolutely owes it to themselves to have a proper analysis done by a professional to determine a) if they are eligible and b) what the potential refund could be.”
The Catalyst Accelerator is thrilled to have Leidos as a Commercial Sherpa for the modeling and simulation cohort. Albert Robredo, Norad/Northcom J6 Network/Services EA & Chief Engineer at Leidos, gave an overview about who Leidos is and what they are doing within the modeling and simulation realm. Later, Mr. Randy Madey, Program Manager for the United States Air Force, then met with the cohort about NSDL. He stated, “There are multiple ways for small businesses to infuse their technology within the Air Force and Space Force. The key is actively using the tools available: submit to our FreeSol Broad Agency Announcement, join the Spec OTA consortium, or leverage AFWERX matching funds by applying for a SBIR contract.”
On Thursday morning, the Catalyst Accelerator team and cohort met for coffee and had a wonderful discussion about “virtual or in-person work environments”. Various focusses were brought up including flexibility, personal choice, staying productive, and maintaining professionalism. What are your thoughts on virtual vs. in-person work environments? Afterwards, four leaders from Lockheed Martin, spoke about who Lockheed Martin is and what they are currently doing within modeling and simulation. Corey Reis from Lockheed Martin explained, “Be sure to understand and be in front of the ever-changing landscape when doing business with the Government. Do not be discouraged as even the large corporations struggle with this! Be sure to stay on top of trends and be thorough when looking at submissions for work with our Government partners. With the emphasis on modeling and simulations as the future of all aspects of our work, be prepared for the challenge that this poses, continue to innovate and good luck!” The Catalyst Accelerator is so grateful to call Lockheed Martin both a Commercial Sherpa and Corporate Sponsor for this cohort. That evening, the Catalyst Accelerator and The Smalls Colorado hosted an eventful happy hour at Catalyst Campus to network with the community and meet the eight astounding cohort companies.
The cohort members wrapped up the week by practicing their Demo Day pitches to each other. Everyone was given marvelous feedback! The Catalyst Accelerator and AFRL/RV are thrilled to invite you to Demo Day for the Digital Engineering for Space Applications: Modeling and Simulation cohort sponsored by Lockheed Martin, LinQuest, and Valid Evaluations. This event will be held in-person at Catalyst Campus for Technology and Innovation in Colorado Springs, Colorado on 18 November 2021 from 8:00AM – 10:30 AM MT. The Demo Day video will launch 15 November 2021 and will be available on our website. You do not want to miss out on meeting the eight cohort companies! Learn more and register TODAY at https://catalystaccelerator.space/cades/.
Thank you to each of the subject matter experts who donated their time to speak with the modeling and simulation cohort and answer their questions. The Catalyst Accelerator team is looking forward to what week 11 has in store for this incredible cohort!
Author: Kate Menendez, Marketing Specialist