Pentagon seeks $75M for dual-use tech venture capital program

By Justin Doubleday / March 19, 2019 at 12:36 PM
The Defense Department is requesting $75 million in fiscal year 2020 for a new fund to increase U.S. financing of dual-use technologies currently propped up by investments from China. The program, called the "National Security Innovation Capital," is a new-start project in the Office of the Secretary of Defense’s research, development, test and evaluation budget request. "The National Security Innovation Capital (NSIC) will fund the commercialization and scaling of dual-use, hardware-based technologies that are critical to the military," budget documents...

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