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Business/Financial

To Hook Silicon Valley, DHS Establishes New Transaction Mechanism

By Cal Biesecker

Thursday, December 10th, 2015

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The Department of Homeland Security (DHS) this week said it has created a new “innovation framework” to make it easier for start-up companies and non-traditional government contractors to work with the department and speed the acquisition of potential solutions.The innovation framework will use a flexible industry engagement mechanism called an Other Transaction Solicitation (OTS) “to promote competition among non-traditional government contractors, with a streamlined approach to address specific needs to the Homeland Security,” DHS says in a Dec. 9 noticed…

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