Technology Commercialization in the Homeland Security Market
Industry analysts estimated the total worldwide homeland security and homeland defense market amounted to $55 billion in 2006, with the U.S. representing more than half the total market. Between 2007 and 2011, the cumulative market is projected to amount to more than $350 billion (based on a 10% annual average growth rate). The total worldwide homeland security market is essentially an aggregate of traditional critical infrastructure industries (public and private) and their spending on security and public safety programs. In the U.S. the largest market segment to date is the transportation sector, with a majority of spending on the aviation, port, mass transit, border ad surface transportation security.
Since 9/11, the technology innovation community has been working diligently to develop technology innovations to meet the new requirements of the homeland security market. However, the path is not linear and varies greatly within each sub-market sector. In general, the four key elements influencing the technology commercialization in the homeland security market include:
1) Regulatory Requirements
2) End User Specific Requirements
3) Federal Funding Assistance for End Users Implementing Requirements
4) Venture Funding and Product Development Assistance for Technology Vendors Offering Technology Solutions which meet End User Requirements
5) Technology Standardization
The business panel will feature organizations which serve as technology commercialization catalysts for homeland security technologies: federal government, end-users, venture capitalists, state economic development agencies, and technology standard setting bodies.
Business Panel Honorary Chair and Moderator:
Business Panel Speakers:
 Homeland Security Research Corporation; The Civitas Group