June 8, 2023
Daily News
Pentagon worried struggling tech start-ups will miss out on U.S. aid, turn instead to Chinese, other foreign investors
The Defense Department's top official in Silicon Valley wants to ensure struggling technology startups will qualify for emergency small business loans, as he worries companies could instead turn to Chinese and Russian investors – a situation the Pentagon has long been keen to address amid cybersecurity and other concerns
In an April 1 letter to officials at the Small Business Administration marked "for official use only," Defense Innovation Unit Director Michael Brown writes the coronavirus has put non-traditional defense...