INSIGHTS
Department of Defense Establishes Office of Strategic Capital to Enhance Investment in National Security Critical Technology
December 11, 2022
On December 1, 2022, Department of Defense (DoD) Secretary Lloyd J. Austin III announced the establishment of the DoD Office of Strategic Capital (OSC). The mission statement of the OSC is to build an “enduring technical advantage” for the United States by helping partner contractors with private investment to develop national security critical technologies, including those related to advanced materials, next-generation biotechnology, and quantum science. OSC will coordinate with existing organizations such as the Defense Advanced Research Projects Agency (DARPA) and the Defense Innovation Unit (DIU), which promotes acceleration of the military use of commercial technologies.
Read the full alert here.
Jon O’Connell
San Francisco
Venture Capital Financings, Corporate Governance, General Corporate Counsel