U.S. Department of Defense Office of Strategic Capital

The Office of Strategic Capital (OSC) is an office within the U.S. Department of Defense, established in December 2022, that uses credit-based tools — Small Business Investment Company (SBIC) licenses and Defense Production Act Title III loans — to channel private capital into technology areas the Pentagon designates as critical, a list that includes quantum computing. It does not build quantum hardware or software; it functions as a government financier, providing debt and fund-level capital to private investment funds and companies rather than conducting research itself. Its role in the field is therefore as a source of capital for quantum firms and their investors, not as a technology developer.

AI-written profile · not yet reviewed · 10 October 2026

Founded: 2022
Status: Private

Coverage

Source

PsiQuantum Receives Conditional $150 Million Loan Commitment from the U.S. Department of War to Advance Domestic Quantum Computing

PsiQuantum has received a conditional $150 million loan commitment from the U.S. Department of Defense's Office of Strategic Capital. The funds would support a 140,000-square-foot Milpitas 'PsiFactory' for assembly, cryogenic testing, and validation of prototype subsystems for the company's photonic fault-tolerant quantum computer.

OutlookPlausible

If the loan is finalized, PsiQuantum could use the Milpitas facility within two years to establish a domestic integration and cryogenic validation loop for photonic subsystems, compressing the iteration time needed to reach fault-tolerant prototype demonstrations.

photonic error correctionPsiQuantumU.S. Department of Defense Office of Strategic Capital