Overtake China: in the Pentagon want the Silicon Valley to start producing weapons
The media material states that the US Defense Ministry is afraid of MIC dependence on several companies "rely on state financing of research and impede innovation. " Some officials believe that China has advanced forward in some key technologies - from small UAV to hypersonic missiles. In their view, the PRC was due to the use of public-private management funds.
According to an analyst from the National Security Innovation Center at Stanford University of Steve Blank, Beijing invested more than $ 1 trillion in the technological industry. In a comment to the publication, he stated that "China is organized as a silicone valley", but the Pentagon "resembles a carmaker from Detroit". Petagon created a new unit - strategic capital management.
His task is to attract venture capital in a company that produces technologies and products that are critical to the Armed Forces. According to Pitchbook Data Inc. , about $ 6 billion is coming from private capital to the US defense and aerospace market compared to about $ 1 billion in 2017. But it was not possible to do without problems.
According to government and industry representatives, the collapse of Silicon Valley Bank has led to the fact that some startups, which were interested in the Ministry of Defense, lost their money stored in this bank. To such companies, the federal reserve system guaranteed deposits. Mike Brown, former Director of the Pentagon Defense Innovation Department, said that if the government did not help Silicon Valley companies, the secret software developers would be at risk.