Pentagon teams up with SBA to sweeten the pot for tech investments

Published on March 21, 2023

The United States’ new Office of Strategic Capital (OSC) faces a legal obstacle: it is not permitted to run a federal credit program. For an office devoted to providing loans and loan guarantees to private-sector start-ups, this is an immediate challenge.

The OSC thus sets its sights, for now, on working with partners outside of the Pentagon ‘to entice investment in tech the DoD wants to see developed.’ This is especially true for critical technologies including semiconductors and nanotubes. The OSC’s work has taken on new urgency as the Department of Defense (DoD) races to ensure it is keeping pace in ‘everything from artificial intelligence to hypersonics’ in the US’s competition with China.

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