DoD, SBA announce first group of funds for small business investments to shore up tech innovation
The Pentagon and the SBA plan to invest over $2.8 billion in more than 1,000 companies, which they declined to name.
Pentagon teams up with SBA to sweeten the pot for tech investments
For now, says Office of Strategic Capital director Jason Rathje, his three-month-old office will work through existing programs outside the Defense Department, in hopes of boosting investment in critical tech, especially hardware.
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“OSC was fundamentally established to give the Department of Defense a new tool in our current competition because today the United States… is in a global competition to be a world leader in emerging and critical technologies,” Jason Rathje, OSC director, said, noting they'll be taking applications for investment later this year.
Congress saves SBIR program at the last minute, with strings attached
After lawmakers raised concerns about potential abuse, there was a "Herculean" effort to rewrite the legislation.
Space AQ Council Eyes Helping Space Startups Crack CARES Act
"In space, particularly, we've got to have a model that is very different than the one we used the last century," Roper summed up. "We're going to need to evaluate companies that have the potential to commercialize successfully as a delineator of who we partner with."