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The Technology Modernization Fund |
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A new funding model for Federal technology modernization projects |
The TMF is an innovative funding vehicle that gives agencies additional ways to deliver services to the American public more quickly, better secure sensitive systems and data, and use taxpayer dollars more efficiently. |
The Technology Modernization Fund (TMF) was authorized by the Modernizing Government Technology Act of 2017.
Approved projects receive incremental funding and technical expertise to ensure project success. To date, the TMF has received $175 million from Congress to fund modernization projects.
The TMF is overseen by the [Technology Modernization Board]({{ site.baseurl }}{% link _pages/board.md %}), comprised of Government IT leaders representing proven expertise in technology, transformation, and operations. Agencies submit IT-related project proposals for the Board to review and consider. Agencies submit technology modernization proposals to the Board through a [two-phased approval process]({{ site.baseurl }}{% link _pages/process.md %}).
Agencies submit Initial Project Proposals (IPPs), which act as a low burden pre-screen to maximize the number of unique projects the Board can review. Agencies must also confirm that funding for this project has never explicitly been denied or restricted by Congress.
If the Board approves an IPP, the project team submits their Full Project Proposal (FPP) to the Board. The FPP entails a more comprehensive description of the proposal, discrete project milestones, and funding schedule. The team will also prepare a pitch deck and in-person presentation for the Board.
Projects recommended for funding by the Board receive incremental funding contingent on the successful execution of milestones. The TMF provides greater flexibility to agencies funding technology modernization efforts by extended payback requirements to five years.
Proposal templates for the IPP and FPP phases are available in the [Documents & Templates]({{ site.baseurl }}{% link _pages/documents.md %}) section of this site.