In December, the United States Department of Defense established the Office of Strategic Capital to build out the U.S.’s strategic advantage in technology and industry by partnering with private capital. In an op-ed for Defense News, IST’s Leah Walker and Alexa Wehsener caution that the office’s success hinges on acceptance in Silicon Valley and innovation hubs across the country.
“On Dec. 1, Secretary of Defense Lloyd Austin established the Office of Strategic Capital with the mission of building “an enduring technological advantage by partnering with private capital providers.” The announcement comes after years of growing concern in the national security ecosystem about the wide availability of adversarial capital and the corresponding lack of trusted capital in critical technology sectors. The true test of the well-intentioned office will be whether it has sufficient impact on the American innovation ecosystem.”
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