DOD stands up new office to invest in scaling critical tech

By Briana Reilly / December 1, 2022 at 3:58 PM
A newly established Defense Department office aims to invest in critical technologies that can bridge the so-called acquisition "valley of death" and be fielded at-scale. Stood up at the direction of Defense Secretary Lloyd Austin, the Office of Strategic Capital will invest in companies developing technologies ranging from next-generation biotechnology to quantum, today’s press release announcing the move states. "By working with the private capital markets and by partnering with our federal colleagues, OSC will address investment gaps and add...

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