You can think of Halo as a network similar to Glassdoor or Linkedin that helps scientists and companies build relationships over time. However, instead of job opportunities, companies post opportunities for collaborations (i.e. RFPs) and scientists submit simple, standardized proposals.
Companies then review the proposals and reach out directly to scientists to learn more or to provide feedback. Once the scientist and opportunity decide to pursue a collaboration, the negotiation and funding process works off of Halo just as it does today with other industry sponsored research opportunities.