DOD worried struggling tech startups will miss out on U.S. aid and fall prey to foreign investment

By Justin Doubleday / April 2, 2020 at 6:54 PM
The Defense Department's top official in Silicon Valley wants to ensure struggling technology startups will qualify for emergency small business loans, as he worries companies could instead turn to Chinese and Russian investors. In an April 1 letter to officials at the Small Business Administration marked "for official use only," Defense Innovation Unit Director Michael Brown writes the coronavirus has put non-traditional defense suppliers "under intense pressure." "Many of these startups are either furloughing workers, laying off workers, or facing...

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