How TMF helps agencies fund IT Modernization

By Tara Franzonello, Program Development Manager

Improved cyber security is a priority for government agencies, which is why IT Modernization products and services are becoming so important. Unfortunately, agencies may not have sufficient funds for mission-critical IT.

That’s where the Technology Modernization Fund (TMF) comes in.

TMF bridges the gap in IT Modernization between what agencies want and Congress expects. In the last several months alone, the TMF has approved seven new projects totaling over $300M in new funding.

To help address immediate security and capability gaps, suppliers must have a better understanding of the TMF. Agency customers will be better positioned for TMF money if you can explain how products and services map to TMF priorities, and how they provide solutions to pressing IT issues. 

Shaping the TMF proposal

TMF is an “innovative funding vehicle” authorized by the Modernizing Government Technology Act of 2017. It provides agencies with resources to secure systems and data, and to deliver services to citizens.

The Technology Modernization Board of TMF evaluates project proposals, provides funding recommendations, and monitors progress and performance of approved projects. Project proposals are submitted through a two-phased approval process – an Initial Project Proposal (IPP) and a Full Project Proposal (FPP).