Pentagon Mobilized to Support Tech Startups After Bank Failure

Source: Defense One
Published: Mar 17, 2023
Author: Marcus Weisberger and Patrick Tucker
Post Date: 2023-03-17 19:29:15 by Charles_Byrd
Views: 212

In the hours after Silicon Valley Bank collapsed on March 10, Pentagon officials who work directly with startups that develop national-security technologies grew increasingly concerned.

Would startups that had money in the bank need to stop work? If that happened, would there be supply-chain disruptions? Would a company under financial stress put its intellectual property at risk?

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