DOD Launches Tool To Link Tech Cos. With Vetted Funders
Law360 (January 13, 2021, 6:31 PM EST) -- The U.S. Department of Defense on Wednesday announced the launch of a forum meant to link small technology companies with government-trusted investors, saying it will help to cut off "predatory" foreign investors seeking access to U.S. intellectual property.
The Trusted Capital Digital Marketplace will provide a forum to link sources of private capital vetted by the DOD with smaller domestic businesses developing innovative "defense-critical" technologies, the DOD said.
"Many small and midsized businesses in the [defense industrial base] are vulnerable to adversarial capital," Ellen Lord, the undersecretary of defense for acquisition and sustainment, said at the Pentagon on Wednesday. "So we...
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