The federal government has licensed the first group of investors under the Small Business Investment Company’s Critical Technology Initiative, which are expected to inject more than $2.8 billion into more than 1,000 portfolio companies, according to the Pentagon and the U.S. Small Business Administration. USA. The SBICCT project aims to increase the flow of private … Read more
By Shamina Singh Artificial intelligence (AI) is a transformative technology that has the potential to revolutionize industries. This includes small businesses, which are the heart of the economy, representing more than 90% of businesses globally and employing half of the world’s workers. However, conversations about AI tend to focus on technology-driven companies and rarely relate … Read more
More than a dozen private equity funds to invest $2.8 billion in over 1,000 critical technology startups and small businesses WASHINGTON, Oct. 22, 2024 (GLOBE NEWSWIRE) — Today, Administrator Isabel Casillas Guzmanthe head of The US Small Business Administration (SBA) and Secretary Lloyd J. Austinthe head of US Dept secretariat of Defense (DoD) announced 13 … Read more