SBA Licenses 13 Tech Funds

This is a DoD news story, published by Small Business Administration, that relates primarily to SBA news.

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SBICCT Initiative funds

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SBA initiative

Small Business Administration

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U.S. Small Business Administration and Department of Defense Celebrate Successful First Year for the Small Business Investment Company Critical Technology Initiative

Summary

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SBA and DoD announced 13 funds approved to be licensed by the SBA under the Small Business Investment Company Critical Technology Initiative (SBICCT) The funds plan to raise $2.8 billion in private capital matched with SBA -guaranteed loans to invest in over 1,000 innovative startups and small businesses developing technologies.

The SBICCT Initiative was announced by Secretary of Defense Lloyd Austin and SBA Administrator Isabel Guzman in December 2022 .

As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov..

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formal

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English

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not hateful