he Pentagon will provide nearly $1 billion in loans to U.S.-based companies in an effort to boost production of critical technologies.
The Office of Strategic Capital issued its first notice of funding availability, laying out eligibility criteria and opening up the application process to companies seeking loans to scale production of critical technologies.
The direct loans, ranging from $10 million to $150 million, will support the development of facilities producing technologies across 31 covered technology categories that are considered vital to national and economic security, including microelectronics, advanced manufacturing, synthetic biology, edge computing, space launch, and quantum computing.