Pentagon Mobilized to Support Tech Startups After Bank Failure

Published on March 16, 2023

The collapse of Silicon Valley Bank (SVB) possesses implications for startups that are working on technologies relevant to the United States Department of Defense (DoD). While the Treasury Department’s actions stemmed the immediate bleeding, the DoD is recognizing the potential need for a more stable source of capital to step in.

Much of what the Pentagon most recently requested in funding for research and development in emerging technologies is for long-term capabilities. The collapse of SVB is thus an ‘alarm bell’ for the DoD and ‘it also presents an opportunity for the Defense Department’ to fill the void.

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