The DoD Office of Strategic Capital Will Focus on Expanding Capital for Small Business

Published on March 13, 2023

The United States Department of Defenses’ Office of Strategic Capital (OSC) and the Small Business Administration (SBA) Office of Investment and Innovation announce their intent to sign a Memorandum of Understanding (MoU). The MoU will specify cooperation in early-stage investment within critical technology areas.

The SBIC Critical Technologies (SBICCT) Initiative is also introducing the ‘Accrual Debenture’ - a rule providing ‘patient capital’ for startups working in these areas. While still limited, both the OSC and the SBA look to ‘scale private capital investment to meet National Security Strategy objectives.’ The new MoU comes as the DoD orients towards emerging technologies like artificial intelligence.

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