Office of Strategic Capital (OSC)
Abstract
This program supports the Department's initiatives to Build Sustainable and Long-Term Advantage and Build a Resilient Joint Force and Defense Ecosystem. The Office of Strategic Capital (OSC) program supports the Department of Defense’s focus on building a resilient Joint Force and enduring advantages across the defense ecosystem. OSC supports the DoD through targeted investments in critical technologies needed to solve national security challenges and secure the supply-chain for industries of the future. Specifically, the OSC program will target supply-chain critical technologies, such as advanced materials and semiconductors, which do not traditionally receive investment from the DoD procurement and acquisition enterprise, rather, they rely solely on private investment to for commercialization, manufacturing, and infrastructure. In recognition of the power of private investors to influence research and development, our global competitors directly influence and leverage private capital markets to advance their technology objectives counter to U.S. interests. Current peer competitor action requires urgent United States Government response to attract and scale private investment in support of national security. In partnership with the DoD, defense industrial base, and the array of private sector enterprises, OSC will identify and prioritize technology areas based on DoD and United States Government Science & Technology intellectual property superiority, availability of private capital, and transition opportunities into existing and future DoD capabilities. Once identified, OSC will implement highly targeted partner capital programs expressly to attract private capital investments through lowering their cost of capital where their capital then drives an increased investment in commercialization, manufacturing, and infrastructure. These strategic technical investments will shore up the foundations to build enduring advantages through a secure critical technology base for future military capabilities. The program will: • Increase deep technology private capital investment to enhance the commercialization of DoD and United States Government (USG) Science & Technology investments. • Increase domestic production, manufacturing, and infrastructure to scale domestic production and secure the national security supply chain for industries of the future • Finance industrial transformation to mobilize suppliers to support emerging needs and industries of the future • Co-invest with partners and allies in international critical technology companies, where practical, to support international interoperability as well as domestic integration and scaled production, and • Accelerate the transition and fielding of capabilities that meet service priorities The programs will be executed through DoD services and interagency partners.
Document Details
- Document Type
- R2 Budgetary Justification
- Publication Date
- Oct 01, 2024
- Source ID
- 0901579D8Z_4_0400_PB_2024
- Change Summary Explanation
- As a new start in FY 2024, the increase of $99.000 million supports the Department of Defense’s focus on building a resilient Joint Force and enduring advantages across the defense ecosystem through targeted investments in critical technologies needed to solve national security challenges and secure the supply-chain for industries of the future.
- Service Agency Name
- Office of the Secretary Of Defense
Entities
Organizations
- Office of the Secretary of Defense
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