The Defense Department's Office of Strategic Capital has announced the availability of nearly $1 billion for its inaugural loan program aimed at spurring investments in emerging technologies, according to a recent Federal Register notice . Up to $984 million in fiscal year 2024 defense funds will be available for direct loans ranging from $10 million to $150 million, “to approximately ten successful applicants,” according to the notice. “Through these congressional authorities and appropriations, the DOD now has proven financial tools...
