modify was a continuing for DIU through FY 2023. DIU obtained a brand new director, Doug Beck, and crafted a new blueprint for commercial technologies integration across the DoD. Perhaps the most significant change was the Secretary of protection's final decision to realign DIU like a immediate report. This transfer is usually a recognition that the DoD will have to scale its usage of readily available business know-how to stay in advance of our opponents.
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thanks to your DIU group for your whole hard work and achievements in FY 2023. It's a privilege to provide alongside you in help of this essential mission. eventually, thank you to our stakeholders and associates across the Office, the industrial sector, the investment Neighborhood, Congress, academia, our Worldwide allies and partners, along with the broader defense innovation community for the ongoing assistance and perseverance to our countrywide stability.
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We find ourselves in a tipping place: The Office of protection (DoD), Congress, the interagency, as well as professional sector all figure out that the time for you to speed up the applying of commercial technologies for strategic influence is upon us. In response to this important mass, Secretary of protection Lloyd Austin realigned DIU like a immediate report this earlier April and charged our workforce with producing a intend to scale DIU's effect.
In FY 2024 and over and above, our Corporation will refine its metrics framework to align closely with new strategic objectives, ensuring a comprehensive evaluation of our influence on mission companions inside the DoD.
DIU has since cultivated a track record being an acquisition pioneer by working out another Transaction (OT) authority to rapidly aquire and tailor appropriate industrial technological know-how. This has yielded over 450 prototype OT contracts, 62 of which culminated in commercial solution transitions to the warfighter. Importantly, these prototypes have captivated more than $68B of private expense, deepening a broad list of enduring relationships Together with the financial investment Local community.
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