NASA and the U.S. Small Business Administration (SBA) launched the SBIC-NASA Initiative on Monday to increase investment in American manufacturers of industrial components and providers of technologies critical to space exploration to support a sustained presence on the Moon and Mars.
Under the Memorandum of Agreement, NASA will identify technology priorities and connect businesses to funding opportunities through the agency’s new NASA Office of Strategic Capital. The initiative also will be a part of SBA’s Small Business Investment Company (SBIC) Program, which provides leverage that matches private capital raised by investment funds and is designed to enhance fund-level investment returns.
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