#WASHINGTON — The Defense Department is requesting $144 million for the Office of Strategic Capital, created to help bring private investment to companies developing dual-use technologies with both commercial and national security applications.
In an investment strategy released March 8, the Pentagon identified space services, artificial intelligence and cybersecurity among its priorities for attracting private capital.
Defense Secretary Lloyd Austin launched the Office of Strategic Capital in December 2022. But the program thus far has been stuck in limbo due to a lack of congressional authorization to make loans and actual funding. The OSC wants to use financial tools like loan guarantees to spur #commercial investment.

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