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Pentagon and SBA Partner to Inject Billions into Small Businesses for Critical Technology Initiative
Oct 22, 2024•over 1 year ago
Contract Type
partnership
WashingtonDescription
The Pentagon has licensed the first cohort of investors under the SBICCT, expecting to inject over $2.8 billion into more than 1,000 portfolio companies. This initiative aims to address the lack of incentives for private markets to invest in longer-term critical technologies, vital for national defense capabilities and economic success, by leveraging SBA funding to offer loans and loan guarantees to investors.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months