U.S. Government Seeks Private Capital to Boost Critical Tech Innovation

Washington D.C., Sunday, 17 November 2024.
A significant shift in U.S. innovation strategy emerges as federal authorities aim to attract venture capital towards hardware-based technologies crucial for national security. With 90% of current venture investments focused on software, the government is working to redirect capital flow to address a critical imbalance in technological development. This initiative comes as federal R&D spending hits its lowest point relative to GDP in 50 years, raising concerns about maintaining America’s competitive edge in strategic sectors like quantum computing and advanced manufacturing.