Pentagon's new private capital office will release first funds for SBIC this year

By Audrey Decker / February 2, 2023 at 1:02 PM
Following Defense Secretary Lloyd Austin's recent establishment of the Office of Strategic Capital, the Defense Department will approve the first funds for its Small Business Investment Company initiative by the end of the summer to put money behind critical technologies. Aiming to scale private capital, the Pentagon stood up the OSC in December to bridge the “valley of death” by connecting defense companies with private investors. The department will mobilize the “proven” Small Business Investment Company Critical Technology initiative ,...

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