DOD Establishes the Office of Strategic Capital
Strategic Balancing Initiative
SUMMARY
Bottom Line: On Thursday, December 1, Secretary of Defense Lloyd Austin established the Office of Strategic Capital (OSC), defining it as an “organization that will help build an enduring technological advantage by partnering with private capital providers.” The website for this new office notes two lines of effort:
1. To “identify and prioritize promising critical technology areas for the Department of Defense.”
2. To “fund investments in those critical technology areas, including supply chain technologies not always supported through direct procurement.”