Hub Firm Taps Military Research
September 11, 2012
The list of groundbreaking technologies that have been developed by US-funded research laboratories is long and illustrious: the Internet, global positioning systems, lithium ion batteries, and many wireless communications breakthroughs.
Now a Boston investment company, Allied Minds Inc., is tapping into this legacy of innovation with a new business to commercialize military technology developed at Department of Defense laboratories and research centers.
“There is amazing technology being developed in miliary laboratories, but a lot of it is sitting on the shelf,” said Chris Silva, the chief executive of Allied Minds. “We think there’s an opportunity to use that technology to develop commercial products and create companies.”