The introduction of the pitch day concept marked a dramatic shift in the Air Force’s acquisition strategy, creating a faster, smarter method to get cutting-edge technologies and capabilities into the hands of warfighters. Designed to speed up the investment process, the event has continued to expand its reach and scope.
The inaugural pitch day, held March 6 – 7th, 2019 in New York, proved out the concept of pitch days as a vehicle for evaluating technology, awarding contracts to small businesses and paying them in a matter of minutes.
The average amount of time to award contracts and pay companies via government credit card following a successful pitch at the AF Pitch Day was 15 minutes. The fastest award occurred in only three minutes. Previously, the fastest award of a contract of this type was approximately 90 days – a period of time many small businesses and startups cannot survive without funding.
In 2019, over $131 million dollars was awarded through pitch day events. In 2020, the Air Force will continue to host pitch days in various cities across the United States. Additional details will be posted as information becomes available.