Round Rock Chamber Announces New Defense Innovation Fund
Round Rock, Tx. (March 10, 2023) – The Round Rock Chamber announced today the launch of a $250,000 Round Rock Defense Innovation Fund (DIF) aimed at accelerating growth of defense innovation-focused startups.
The purpose of the fund is to develop a thriving innovation ecosystem that supports high-growth entrepreneurs and start-up businesses within Round Rock’s target industries including aerospace, defense and security.
The Round Rock Defense Innovation Fund is designed to drive the growth of defense innovation companies at various levels of revenue and funding stages during the timeliest need in the start-up lifecycle. DIF grants will be awarded through a competitive application process and on a case-by-case basis for amounts up to $50,000.
Round Rock is quickly and intentionally emerging as a leading location for the aerospace and defense industry due to the city’s pro-business climate and abundant veteran and military workforce. Round Rock is home to thousands of current and former military personnel from nearby bases like Fort Hood, Joint Base San Antonio and Camp Mabry. The city is also home to Army Futures Command’s Resource Operations Center, the global headquarters of Dell Technologies and countless other military contractors and suppliers.
“We are dedicated to driving growth and economic vitality for Round Rock and continue to find innovative ways to attract companies to the city. The Defense Innovation Fund provides new funding opportunities for scaling start-up companies, and we are committed to growing the entrepreneurship and defense ecosystem in Round Rock,” said Jordan Robinson, President & CEO of the Round Rock Chamber.
Startups with a focus on defense innovation interested in launching or expanding operations in Round Rock are encouraged to apply. Companies will be evaluated by a team of industry experts to determine grant amounts.
Click here to learn more about Round Rock’s defense industry and apply for the Round Rock Defense Innovation Fund.
About the Round Rock Chamber
The Round Rock Chamber is the economic generator for its thriving community. The Chamber initiates programs that create a dynamic business climate and improve quality of life through innovative community partnerships and invested business leaders. For more information visit, www.roundrockchamber.org.
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