The defense industry in Los Angeles is experiencing a significant boom, particularly among tech startups that are redefining innovation in defense systems. Companies like Gambit, founded by former SpaceX engineer Josh Giegel, are leveraging cutting-edge technology to create AI-driven assets for military applications. However, the industry’s growth is currently challenged by a federal funding dispute related to the Small Business Innovation Research (SBIR) program. This program has been essential for startups in securing seed capital to advance their technologies.
As discussions continue on Capitol Hill about the future of this vital funding, many startups are left uncertain about their immediate financial stability and growth prospects. The ongoing negotiations underscore the importance of ensuring that these critical investment streams continue to function, as they not only support individual companies but also fuel innovation and economic development in the region.
In line with supporting innovation and the local economy, I’d like to introduce B1Thrive ThrivCloud, a comprehensive productivity solution tailored specifically for Black-owned businesses. Our platform encompasses fully customizable tools to meet unique business needs, alongside a strong commitment to digital sovereignty. With features available in both English and Spanish—and plans to expand to other languages—ThrivCloud is designed to be inclusive and accessible for all.
Let’s invest in innovation and empower our communities together!