"Fewer small businesses competing for prime federal contracts is inherently unhealthy, as competition results in better services and helps drive down cost," said OST Global Solutions' President and CEO Olessia Smotrova.
ROCKVILLE, Md. (PRWEB) January 10, 2018
The number of small business prime federal contractors is down 25 percent since 2010, though small businesses account for 64 percent of new private sector job creation. This consolidation has impeded entry into the federal market for small businesses, and made it increasingly difficult for them to compete as prime contractors, despite the SBA’s programs.
OST Global Solutions is today officially launching the GovCon Incubator, a unique, multi-layered program designed specifically to help small businesses grow in the federal market and transition faster to priming contracts. This is the only incubator focused on making government contractors competitive in the market after graduation, with criteria based on metrics where member companies have demonstrated the capacity to consistently win new government work.
The GovCon Incubator offers members an extensive curriculum in business development, operations, capacity development, and entrepreneurship based on OST's Bid & Proposal Academy’s courses. The academy comprehensively addresses every aspect of the federal contracting process, and enrollees have included the top 20 government contractors, the U.S. Dept. of Treasury, NASA and many other organizations.
The incubator program includes mentoring by in-house consulting staff who have collectively won $22 billion in funded contracts, developed proprietary processes for growing small businesses, and taught thousands of industry and government professionals.
Surmounting Small Business Federal Contracting Challenges
Gaining the essential expertise to consistently win federal contracts and grow is cost-prohibitive to many small businesses. Many small businesses waste years employing a trial-and-error strategy for bidding, negotiating contracts/teaming agreements, handling contentious contract issues without angering their clients, and scaling past many other growth barriers.
GovCon Incubator's overarching mission, says OST, is to provide small business members with the "vital intellectual and physical capital" to surmount those challenges and succeed in the federal market.
In addition to the Bid & Proposal Academy, the GovCon Incubator features an "unparalleled immersion" in business development; mentoring and networking services, including regular Q&A and group sessions to set strategy and process issues; and full access to OST's KNOW™ portal. It also includes fully equipped co-working spaces near Washington, DC, with the full amenities of a modern office.
“We've grown significantly since we engaged OST’s consulting support, sent our staff through their training, and applied their processes to our business," said Hamlet Lopez, President, Innovative Consulting and Management Services (ICMS), LLC. "The incubator is a great way to help small businesses grow and any small company serious about government contracting should consider applying.”
“I joined the Incubator because I wanted to graduate from the SBA 8(a) program with the ability to compete and win contracts," explained Lea Ann Rodriquez, President, Wynsor, LLC. "Government training courses that are available from other companies just cannot compare to the level of training that I've received from OST."
“The GovCon Incubator provides us with economies of scale for our business development efforts while nurturing our growth by providing knowledge and tracking performance that is necessary to win business in the public sector,” said Thomas Perry, President, VG Systems, LLC.
"Fewer small businesses competing for prime federal contracts is inherently unhealthy, as competition results in better services and helps drive down cost," said OST Global Solutions' President and CEO Olessia Smotrova. "The better we can equip small businesses to enter and successfully compete in the federal market, the more the government and taxpayers will benefit."
About OST Global Solutions: Growing businesses through Federal contracts is our sole mission.
OST Global Solutions, Inc. has a proven track record of helping businesses fast-forward federal contract growth through start-to-finish business development consulting and training. OST has supported 18 of the top 20 Federal contractors, has won $22+ billion in federal contracts since 2005, and has contributed to growing multiple small and mid-size companies to large businesses. Through our BD Center of Excellence and our Bid & Proposal Academy training, we offer a proprietary set of lean and efficient business development, marketing, capture planning, and proposal preparation processes that are second to none. The GovCon Incubator distills our knowledge and experience into a distinct recipe to grow small businesses.