FedTech

What FedTech does

FedTech (legally Hyperion Technologies, LLC), founded in 2015 by Ben Solomon, is an Arlington, Virginia-based deep tech commercialization platform that designs and runs programs translating federally funded R&D into fielded products and operating companies. The company operates three interconnected service lines: (1) the Visionary Founders Program pairing entrepreneurs with vetted federal lab IP, (2) Startup Acceleration Services helping TRL 4–6 companies land first agency customers and Phase II SBIR/STTR awards, and (3) Government and Corporate Innovation Programs where it operates accelerators, studios, and training engagements on contract for federal agencies and enterprises. Core offerings include FedTech Startup Studio, DOE Boost (with Sandia), NASA Startup Studio (under a $475M NOIS3 IDIQ through 2035), Northrop Grumman Technology Accelerator, Homeland Security Startup Studio, Crucible Accelerator (with NavalX Inland Empire Tech Bridge), DOE Emerging Tech Studio, the Massachusetts Climatetech Studio (with MassCEC), Accelerate ALX, and DoD Elevate, supported by the FedTech VentureMatch capital-introduction platform and Technical & Business Assistance (TABA) services as a preferred provider for Army Phase I & II SBIR/STTR and NOAA Phase II awardees.

FedTech's underlying 'technology' is programmatic: a curated network of 120+ federal lab partners (Sandia, Argonne, Oak Ridge, Lawrence Livermore, Brookhaven, SLAC, Princeton Plasma Physics, NNSA, NASA, NOAA, etc.), a 480+ mentor network, and standardized 10–18-week acceleration and venture studio curricula — combined with sustained access to federal decision-makers in the DMV. The company does not develop proprietary technology products and does not take equity from founders, positioning itself as a neutral, sponsor-aligned operator rather than a traditional accelerator or VC.

Revenue is generated exclusively through program contracts and partnerships: managed-services revenue from federal prime contract vehicles (NASA NOIS3 IDIQ, ARL prime IDIQ, GSA MAS through 2029, USPS IDIQ), fee-for-service corporate accelerator work (Northrop Grumman, Procter & Gamble, Samsung, BAE Systems, Leidos), regional economic development engagements (AEDP, MassCEC, SC NEXUS, Montgomery County MD), and supporting affiliate-style revenue through VentureMatch. Pricing to startup participants is free of charge and free of equity; stipends and prize pools are funded by sponsors. The company is privately held, self-sustaining, and has not publicly disclosed external funding rounds.

Name

FedTech

Legal name

Hyperion Technologies, LLC

Website

https://fedtech.io

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

FedTech is an Arlington, VA-based deep tech commercialization platform founded in 2015 that designs and runs equity-free accelerators, venture studios, and TABA programs for U.S. federal agencies, national labs, and corporate partners, translating federally funded IP into operating companies.

Ownership category

akta.pro rank

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Government Program Contracts: FedTech generates revenue by designing and running commercialization programs for federal agencies, national labs, and corporations under contract. They hold multiple prime contract vehicles including NASA NOIS3 IDIQ ($475M through 2035), ARL prime IDIQ, GSA Multiple Award Schedule (through 2029), and USPS Innovation Services IDIQ. This is the primary revenue model.
2. Corporate Innovation Partnerships: FedTech runs corporate accelerator programs for partners including Northrop Grumman, Procter & Gamble, Samsung, IndusBridge Ventures, JETRO, and KIC, generating revenue as a fee-for-service program operator.
3. VentureMatch Platform: Connecting investors with startups from FedTech programs, facilitating funding rounds that benefit the ecosystem. FedTech may earn fees or maintain relationships through this network.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

FedTech operates an equity-free deep tech commercialization platform that designs and runs venture studios, accelerators, and Technical & Business Assistance (TABA) programs for federal agencies, national labs, and corporations. The company bridges federal laboratory intellectual property with entrepreneurs, helping startups win first agency customers and Phase II SBIR/STTR contracts while moving technologies from lab discovery to fielded use. FedTech holds prime contract vehicles with NASA, ARL, GSA, and USPS and takes no equity from participating startups.

Product overview

FedTech is a fully integrated, equity-free deep tech commercialization platform that offers three interconnected service lines: (1) Visionary Founders Program for building companies around federal lab IP, (2) Startup Acceleration Services for winning first agency customers and Phase II contracts, and (3) Government Innovation Programs for agencies. The company operates a portfolio of named venture studio and accelerator programs including FedTech Startup Studio, DOE Boost (with Sandia National Laboratories), eiX Venture Studio, Northrop Grumman Technology Accelerator, NASA Startup Studio, Massachusetts Climatetech Studio, Accelerate ALX, Crucible Accelerator, Crucible Primer, DoD Elevate, and DOE Emerging Tech Studio (DETS). Supporting services include FedTech VentureMatch for connecting ventures with capital, and Technical & Business Assistance (TABA) for SBIR/STTR awardees. FedTech does not take equity and aligns with government sponsors.

Differentiator

Problem solved

Functional benefit

Products and services

• Visionary Founders Program
• Startup Acceleration Services
• Corporate & Enterprise Innovation
• Government Innovation Programs
• FedTech VentureMatch
• Technical & Business Assistance (TABA)
• DOE Boost
• Northrop Grumman Technology Accelerator
• Homeland Security Startup Studio
• FedTech Startup Studio
• DOE Emerging Tech Studio (DETS)
• Accelerate ALX
• Massachusetts Climatetech Studio
• NASA Startup Studio
• Crucible Accelerator
• Crucible Primer
• DoD Elevate
• eiX Venture Studio

Quantifiable outcome

• 76% one-year survival rate for program participants
• +4 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

33 partnerships are on record, tiered core and secondary.

• Alexandria Economic Development Partnership (AEDP)coreStrategic or Co-development Partner · 1 January 2026AEDP selected FedTech as the operator for Accelerate ALX, Alexandria's first tech startup accelerator backed by $200,000 in city funding. This is the first initiative under Alexandria's comprehensive economic development strategy ALX Forward.
• SC NEXUS / SCRAsecondaryStrategic or Co-development Partner · 1 January 2026South Carolina's energy innovation initiative launched eiX (Entrepreneurship and Innovation Exchange) Venture Studio, a collaborative effort involving FedTech and Greenville's NextGEN to boost energy technology commercialization in Greenville, SC.
• Greenville NextGENsecondaryStrategic or Co-development Partner · 1 January 2026Regional innovation partner in South Carolina's eiX Venture Studio program alongside SC NEXUS and FedTech, focused on energy technology commercialization in the Greenville region.
• NavalX / Inland Empire Tech BridgecoreStrategic or Co-development Partner · 1 January 2025Powering the Crucible Accelerator, a 10-week no-cost no-equity program for defense startups. NavalX Tech Bridge Network consists of 18 regional Tech Bridges serving as technology scouts and networking hubs connecting Naval labs with startup ecosystems.
• Massachusetts Clean Energy Center (MassCEC)coreStrategic or Co-development Partner · 1 January 2025FedTech partners with MassCEC on the Massachusetts Climatetech Studio, a 16-week program helping entrepreneurs launch climate technology ventures. Participants receive $15,000 stipends and access to a $250,000 prize pool.
• Northrop GrummancoreStrategic or Co-development Partner · 1 January 2024FedTech runs the Northrop Grumman Technology Accelerator, an 11-week virtual program offering fast-track collaboration with Northrop Grumman including potential funded pilots, investments, and strategic partnerships. Northrop Grumman is one of the largest defense prime contractors.
• Sandia National LaboratoriescoreStrategic or Co-development Partner · 1 January 2015FedTech's primary DOE lab partner, co-running the DOE Boost 18-week venture building program. DOE Boost connects entrepreneurs with energy technologies from DOE laboratories. Sandia also partners on NNSA Innovation Day and other programs. This is one of FedTech's longest-standing and most active partnerships.
• NASAcoreStrategic or Co-development Partner · 1 January 2015FedTech holds NASA NOIS3 IDIQ contract (through 2035, $475M ceiling) and runs the NASA Startup Studio, matching teams of entrepreneurs with NASA technologies. FedTech also provides technology transfer support for NASA T2X initiatives.
• U.S. Department of Energy (DOE)coreStrategic or Co-development Partner · 1 January 2015Multiple DOE partnerships including DOE Boost (Sandia), DOE Emerging Tech Studio, and DOE Office of Technology Commercialization programs. DOE is a major sponsor of FedTech programs through the Technology Commercialization Fund.
• U.S. Department of Defense (DoD)coreStrategic or Co-development Partner · 1 January 2015DoD partnerships span multiple programs: Crucible Accelerator (with NavalX Inland Empire Tech Bridge), DoD Elevate training (with Defense Laboratories Office), DISA Lean Startup Training, and various SBIR/STTR support programs. FedTech works with Army, Navy, Marine Corps, and defense innovation units.
• U.S. Department of Homeland SecuritycoreStrategic or Co-development Partner · 1 January 2015FedTech runs the Homeland Security Startup Studio, focused on DHS S&T-funded technologies from university labs, federal labs, and FFRDCs, connecting entrepreneurs with vetted federal lab tech for commercialization serving both government and commercial sectors.
• Army Research Laboratory (ARL)coreStrategic or Co-development Partner · 1 January 2015FedTech holds ARL prime IDIQ contract enabling direct engagement with Army research labs for technology commercialization programs. Also the preferred TABA provider for Army Phase I & II SBIR/STTR awardees.
• U.S. Small Business Administration (SBA)secondaryOthers · 1 January 2015SBA oversees the SBIR and STTR programs, which are central to FedTech's work. SBA's reauthorization (April 2026, S.3971) directly impacts FedTech's ecosystem as it enables continued SBIR/STTR funding for startups in FedTech programs.
• GSA (General Services Administration)coreOthers · 1 January 2015FedTech holds a GSA Multiple Award Schedule contract (47QREA19D0017 through 2029), enabling federal agencies to procure FedTech services through established contracting channels.
• Defense Information Systems Agency (DISA)secondaryImplementation/ SI/ Consulting Partner · 1 January 2015FedTech partnered with DISA to implement lean startup principles, providing in-person and virtual trainings, multi-day sessions, and continuous support for internal innovation operations. The partnership enhanced service adoption rates and agile decision-making at DISA.
• Procter & GamblesecondaryStrategic or Co-development Partner · 1 January 2015Corporate innovation partner listed on FedTech's website. P&G works with FedTech to access emerging technologies and innovation ecosystems relevant to consumer goods.
• National Security Innovation Network (NSIN)secondaryStrategic or Co-development Partner · 1 January 2015NSIN is a component of the Defense Innovation Unit focused on creating linkages between DoD and startup communities. FedTech programs (e.g., Neurable) are noted as NSIN Foundry alumni companies.
• National Oceanic and Atmospheric Administration (NOAA)secondaryStrategic or Co-development Partner · 1 January 2015FedTech is the preferred TABA provider for NOAA Phase II awardees, providing technical and business assistance to help NOAA-funded startups commercialize their technologies.
• Oak Ridge National LaboratorysecondaryTechnology or Integration · 1 January 2015One of 120+ federal lab partners in FedTech's network, providing technology sourcing for FedTech programs in energy, advanced materials, and other domains.
• Argonne National LaboratorysecondaryTechnology or Integration · 1 January 2015Federal lab partner providing technology for FedTech commercialization programs, particularly in energy, climate, and advanced materials.
• Lawrence Livermore National LaboratorysecondaryTechnology or Integration · 1 January 2015Federal lab partner contributing technologies to FedTech programs, particularly in defense, national security, and advanced manufacturing.
• Brookhaven National LaboratorysecondaryTechnology or Integration · 1 January 2015DOE national lab partner providing technologies for FedTech programs in energy, materials science, and other research areas.
• SamsungsecondaryStrategic or Co-development Partner · 1 January 2015Corporate innovation partner listed on FedTech's website, seeking access to emerging deep tech innovations through FedTech's program ecosystem.
• BAE SystemssecondaryStrategic or Co-development Partner · 1 January 2015FedTech's programming has been referenced by BAE Systems as valuable for navigating the defense ecosystem. BAE Systems is listed as a corporate partner.
• LeidossecondaryStrategic or Co-development Partner · 1 January 2015Defense and technology company listed as a FedTech partner, collaborating on defense innovation programs.
• Korea Innovation Center (KIC) DCsecondaryGTM or Marketing Partner · 1 January 2015International innovation partner supporting Korean technology companies' engagement with U.S. federal innovation ecosystems through FedTech programs.
• JETRO (Japan External Trade Organization)secondaryGTM or Marketing Partner · 1 January 2015Japanese government trade organization partnering with FedTech to connect Japanese companies and startups with U.S. federal technology commercialization opportunities.
• National Nuclear Security Administration (NNSA)coreStrategic or Co-development Partner · 1 January 2015FedTech co-hosts NNSA Innovation Day, bringing together startups, investors, universities, and ecosystem partners for an inside look at NNSA and its national laboratories. FedTech also runs DOE Emerging Tech Studio (DETS) for NNSA.
• US NavalX Tech Bridge NetworkcoreStrategic or Co-development Partner · 1 January 201518-regional Tech Bridge network operating as technology scouts and connection points between Naval labs and startup ecosystems. Crucible Primer and Crucible Accelerator are powered by NavalX and its Inland Empire Tech Bridge.
• Montgomery County, MarylandsecondaryStrategic or Co-development Partner · 1 January 2015Local government economic development partner. FedTech advisor Tommy Luginbill is associated with the Montgomery County MD Technology Innovation Fund and Founders Fund.
• SLAC National Accelerator LaboratorysecondaryTechnology or Integration · 1 January 2015DOE national lab partner providing technologies for FedTech commercialization programs in energy, physics, and advanced research.
• Princeton Plasma Physics LaboratorysecondaryTechnology or Integration · 1 January 2015DOE national lab partner contributing fusion and plasma physics-related technologies to FedTech's commercialization ecosystem.
• U.S. Department of TransportationsecondaryStrategic or Co-development Partner · 1 January 2015Federal agency partner with a seal displayed on FedTech's partner page, indicating involvement in technology commercialization programs.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• T-REX (Technology, Resources, Education, eXchange): T-REX is a St. Louis-based innovation hub and technology startup incubator with deep ties to federal agencies (notably the National Geospatial-Intelligence Agency) that operates commercialization programs similar to FedTech's government-sponsored studio and accelerator model. Both organizations specialize in moving federal and dual-use technologies into commercial startups.
• Larta Institute: Larta Institute is a Los Angeles-based nonprofit that runs federal lab commercialization programs (notably for NIH, NSF, DOE, and USDA) and supports entrepreneurs commercializing government-funded research. It is one of the closest direct comparables to FedTech's TABA and accelerator service lines.
• Dcode: Dcode is a Washington, DC-based accelerator and consulting firm that connects emerging technology companies with the federal government, helping startups navigate procurement and win federal customers. Its GTM parallels FedTech's federal commercialization mission, particularly for defense and civilian agency sponsors.
• Capital Factory: Capital Factory is an Austin-based accelerator with a strong Department of Defense and intelligence community focus, operating defense tech programs in partnership with military and federal sponsors. Comparable to FedTech's Crucible Accelerator in its defense commercialization role.

Broad incumbents

• Techstars: Techstars is a large global accelerator network with multiple programs including Techstars Industries and accelerator programs touching defense, government, and dual-use technology. It operates at much broader scale than FedTech but shares the accelerator/studio model for early-stage deep tech commercialization.
• Plug and Play Tech Center: Plug and Play is a large Silicon Valley-based accelerator and corporate innovation platform operating multiple industry verticals including aerospace, defense, and government. Comparable to FedTech's Corporate & Enterprise Innovation service line for large enterprise technology scouting.
• MITRE Corporation: MITRE operates federally funded research and development centers (FFRDCs) and runs technology transition programs that move federally-funded R&D into operational use. While not a startup accelerator, it is a comparable federally anchored innovation operator that overlaps with FedTech's mission of moving lab discoveries to fielded capability.
• Battelle Memorial Institute: Battelle operates multiple national laboratories (including for DOE) and has large-scale tech transfer and commercialization capabilities, including running federal lab-to-market programs. It is a substantially larger incumbent that overlaps with FedTech's federal lab commercialization value proposition, particularly with DOE.

Regional players

• BioGenerator: BioGenerator is a St. Louis-based startup creation engine that builds and supports life sciences and biotech companies, often from university and federal lab IP. It overlaps with FedTech's federal lab-to-startup model but is concentrated in the St. Louis bioscience cluster rather than operating nationally across defense/energy/climate.

Emerging players

• Dreamit Ventures: Dreamit Ventures is a U.S. accelerator that has operated programs in government, healthcare, and urban tech, with cohorts designed to help startups win enterprise and public-sector customers. Comparable to FedTech's federal-customer-acquisition focus though smaller and not federal-lab IP-driven.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/FedTechStartups
• Facebookfacebook.com/FedTechStartups
• LinkedInlinkedin.com/company/fedtech

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FedTech