Government Market Growth Accelerator launched to serve thousands of companies
WASHINGTON, DC, January 12, 2022 /24-7PressRelease/ — The Shatter Fund, a venture capital firm that invests in high-potential, disruptive technology companies led by female entrepreneurs, and Public Spend Forum (PSF) an AI-enabled market intelligence platform that matches public sector buyers with emerging and diverse suppliers – announced the launch of their Government Market Growth Accelerator for Diverse and Emerging including women-led and underserved tech companies.
The recently signed $1.2 trillion U.S. infrastructure bill sets aside hundreds of billions of dollars for government investment in sectors where venture-backed startups and emerging/diverse entrepreneurs will play an active role. With spending earmarked for sectors in cybersecurity investment, electric vehicle infrastructure, and a host of clean energy and climate tech initiatives – this is a great time for startups to take advantage of opportunities working on the next generation of infrastructure-related technologies.
This year, what started as a pilot program is now a government-focused accelerator to assist emerging private companies within the public sector. “We’re the AngelList for the Public Sector,” says Michael Kapoor, COO of the Shatter Fund, adding, “The public sector market can be very complex, which eliminates a number of companies attempting to work with government agencies in the US and abroad. Our goal in expanding the accelerator is to provide opportunities for growth to thousands of companies within the vast $12 trillion global public sector market.”
Through Public Spend Forum’s leading AI-Enabled Market Intelligence, expert-led market coaching, and global public sector ecosystem, the new hybrid accelerator looks to educate members about market opportunities, help them learn how to navigate the government market at all levels, and provide brand exposure so they can be found without friction.
“We’re excited about the impact this accelerator will have both for diverse emerging companies and important government missions that touch the lives of citizens around the world,” said Raj Sharma, Founder of Public Spend Forum. A serial entrepreneur, Raj has engaged public sector and business leaders throughout the world to deploy technology and management practices to improve social and public outcomes. He now leads Public Spend Forum and guides development of the AI technology that enables government and supplier matching.
As part of the launch, Shatter and PSF will provide free memberships to a select number of companies through an application process. Emerging or diverse companies or their teams can also join the GovMarket Growth Accelerator.
“We empower public sector buyers and emerging/diverse companies by putting the world’s leading AI-matching technology and comprehensive market data at their fingertips, saving time, money while accelerating growth and impact.”
The Shatter Fund was founded by Shelly Kapoor Collins, who also serves as a Partner at Sway Ventures. Collins says, “Technology is the greatest equalizer of the 21st century, and there is a direct link between diversity and innovation, which leads to greater returns and growth. This partnership recognizes that opening doors for diverse business leaders through the GovMarket Growth Accelerator provides access to the market data, expert coaching and opportunities to connect and grow their companies.”
All companies bringing disruptive technologies applicable to government missions are encouraged to join the accelerator and community of entrepreneurs, government leaders, and venture capital.
More details will be provided at the launch event for the Accelerator on January 20, 2022 at 4pm EST.
About the Shatter Fund:
The Shatter Fund was founded by Shelly Kapoor Collins, a Silicon Valley venture capitalist, former Appointee in the second Obama Administration to the National Women’s Business Council, previous Tech Advisor to Vice President Kamala Harris, and now Partner at Sway Ventures (CA).
Learn more about the Shatter Fund.
Contact: [email protected]
About Public Spend Forum:
Public Spend Forum is an AI-enabled market intelligence platform, and open market ecosystem with a mission to create open government markets. We arm public sector buyers and emerging/diverse suppliers with AI-enabled Market Intelligence, collaboration tools, and expert-driven market advice so they can discover each other and work together to deliver impact on critical public missions.
Learn more about Public Spend Forum
Contact: Jack Kinney, [email protected]
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