The Office of Strategic Capital (OSC), a branch of the Department of Defense, is investing almost a billion dollars in emerging technologies vital for national and economic security. The OSC funds projects from a wide range of applicants, including individuals, corporations, and even tribal governments, who are developing technologies that fall under 35 "covered technology categories." These categories include space launch, advanced materials, autonomous mobile robots, and synthetic biology. The podcast examines the OSC's investment in Ursa Major, a rocket motor company utilizing 3D printing for faster production.

https://www.cto.mil/wp-content/uploads/2024/05/OSC_FY24_Investment_Strategy.pdf

https://www.federalregister.gov/documents/2024/09/27/2024-22229/notice-of-funding-availability-covered-technology-categories-equipment-financing

The CHIPS and Science Act of 2022 aims to boost American semiconductor manufacturing and scientific research. The act provides funding for companies to build semiconductor factories in the US, incentivizes research and development in cutting-edge technologies, and invests in STEM education and training programs. The act also encourages international collaboration and emphasizes ethical considerations in technological advancements.

https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/09/fact-sheet-chips-and-science-act-will-lower-costs-create-jobs-strengthen-supply-chains-and-counter-china/

https://www.congress.gov/bill/117th-congress/house-bill/4346

This episode, based on the report by Michael Brown and Pavit Singh discusses the importance of venture capital in supporting critical technologies. The episode highlights the need for government intervention to incentivize investments in hardware-intensive sectors, such as quantum computing, biotechnology, and clean energy. Government funding can act as a catalyst to bridge the gap between short-term profit motives and long-term national interests.

https://securityandtechnology.org/virtual-library/reports/why-venture-capital-is-indispensable-for-u-s-industrial-strategy/