Printed from https://fiscalreceipts.com/program/0604679D8Z/ — built September 26, 2026. Every figure is citation-backed; see the page online for per-number provenance.
Office of Strategic Capital (OSC)
Budget figures
Two official figures, one label— reconciled below
Fiscal Receipts uses P-1/R-1 workbook total obligation authority (TOA) as the headline figure sitewide. The workbook TOA includes budget rows that the R-2/P-40 J-book program line excludes — advance procurement in an ordinary year, and in FY2026 the one-time reconciliation appropriation as well. Each row below names the one it is. How the two bases relate →
FY26 Request · $21.3M TOA − $382.0K J-book line = 20.9M (21.3 − 0.4 = 20.9) — $21.3M of one-time FY2026 reconciliation money accounts for this gap — not advance procurement
Figures in the sentence are rounded for reading; the parenthesised arithmetic is the same subtraction in USD millions, at the precision where it closes.
FY2026 award data is a partial year — USAspending reports awards on a rolling basis, and this corpus runs through 2026-09-04. why partial FY2026 data? →
Budget trajectory
| Fiscal year | Amount |
|---|---|
| FY24 | $0J-book detail · PB2026 |
| FY25 | $0J-book detail · PB2026 |
| FY26 | $21.3MR-1 TOA · PB2026 |
Decade view
P-1/R-1 workbook TOA basis, shown compact in $B/$M (the workbook records USD thousands); each figure cites its own President's Budget edition
● actuals (line) · ○ enacted · ◇ request — gaps are editions the program is absent from, never interpolated.
| Series | FY26 |
|---|---|
| Request | $21.3M |
blank = series not published for this year; – = absent from that edition.
Program lineage
No predecessor/successor lineage was recorded for this program element — no FY-to-FY transfer into or out of this line was stated in the ingested J-books, and none was inferred from the program structure.
Description
Mission — Office of Strategic Capital (OSC)
In support of the Department of Defense, Office of Strategic Capital’s (OSC) mission is to attract and scale private capital to technologies critical to the national and economic security of the United States. The National Defense Authorization Act for Fiscal Year 2024 (FY2024 NDAA) states OSC shall: • Develop, integrate, and implement capital investment strategies proven in the commercial sector to shape and scale investment in critical technologies and assets; • Identify and prioritize promising critical technologies and assets that require funding and have the potential to benefit DoD; and • Make eligible investments in such technologies and assets, such as supply chain technologies, not always supported through direct investment. To accomplish its mission, OSC uses loans, loan guarantees, and technical assistance – an efficient use of taxpayer dollars – to crowd in investment by aligning government and private sector incentives. The office’s tools take advantage of the power of markets and competition to support DoD needs. OSC’s investments are guided by its FY2025 Investment Strategy, which describes that competition between the United States and its adversaries occurs over the: (i) control of economic chokepoints; (ii) scaling of key industries, and (iii) commercialization of critical technologies. OSC investments will provide the Department of Defense advantages in all these competitive arenas, especially by securing critical supply chains and rebuilding the industrial base. These activities directly align with the administration’s priorities communicated through the Interim National Defense Strategic Guidance (INDSG), and other forthcoming authoritative documents such as the National Security Strategy of the United States (NSS), Interim National Defense Strategy (NDS) and Defense Planning Guidance (DPG). Specifically, the program will: • Develop new financial products, such as direct equipment finance loans for manufacturers, project finance loans to support capital intensive projects, working capital loans for businesses in need of short-term financing, and loan guarantees through private banks. • Provide loans, loan guarantees and technical assistance to businesses, funds, and other entities within the 33 Covered Technology Categories prescribed by Congress in line with the objectives described by the FY25 Investment Strategy, INDSG, NSS, NDS, and DPG. • Identify and prioritize areas for investment through engagements with the Services, Combatant Commands, National Security Council, and other interagency partners. • Create new data tools to map economic networks to determine chokepoints that impact U.S. national and economic security. • Increase private capital investment to enhance the commercialization of DoD and United States Government (USG) science & technology investments.
Mission — Office of Strategic Capital (OSC)
In support of the Department of Defense, Office of Strategic Capital’s (OSC) mission is to attract and scale private capital to technologies critical to the national and economic security of the United States. The National Defense Authorization Act for Fiscal Year 2024 (FY2024 NDAA) states OSC shall: • Develop, integrate, and implement capital investment strategies proven in the commercial sector to shape and scale investment in critical technologies and assets; • Identify and prioritize promising critical technologies and assets that require funding and have the potential to benefit DoD; and • Make eligible investments in such technologies and assets, such as supply chain technologies, not always supported through direct investment. To accomplish its mission, OSC uses loans, loan guarantees, and technical assistance – an efficient use of taxpayer dollars – to crowd in investment by aligning government and private sector incentives. The office’s tools take advantage of the power of markets and competition to support DoD needs. OSC’s investments are guided by its FY2025 Investment Strategy, which describes that competition between the United States and its adversaries occurs over the: (i) control of economic chokepoints; (ii) scaling of key industries, and (iii) commercialization of critical technologies. OSC investments will provide the Department of Defense advantages in all these competitive arenas, especially by securing critical supply chains and rebuilding the industrial base. These activities directly align with the administration’s priorities communicated through the Interim National Defense Strategic Guidance (INDSG), and other forthcoming authoritative documents such as the National Security Strategy of the United States (NSS), Interim National Defense Strategy (NDS) and Defense Planning Guidance (DPG). Specifically, the program will: • Develop new financial products, such as direct equipment finance loans for manufacturers, project finance loans to support capital intensive projects, working capital loans for businesses in need of short-term financing, and loan guarantees through private banks. • Provide loans, loan guarantees and technical assistance to businesses, funds, and other entities within the 33 Covered Technology Categories prescribed by Congress in line with the objectives described by the FY25 Investment Strategy, INDSG, NSS, NDS, and DPG. • Identify and prioritize areas for investment through engagements with the Services, Combatant Commands, National Security Council, and other interagency partners. • Create new data tools to map economic networks to determine chokepoints that impact U.S. national and economic security. • Increase private capital investment to enhance the commercialization of DoD and United States Government (USG) science & technology investments.
Justification
Accomplishments & Planned Programs (3)
Transition Acceleration Program (TAP)
Leveraging existing development programs, projects, and warfighter priorities, this program aligns private investment and RDT&E funding to co-invest in critical technology companies that are developing compelling military capabilities with clear pathways to transition to existing or future programs of record. RDT&E funding is used to fund a Pathfinder program to validate advanced manufacturing methods and approaches to meet critical demand for solid rocket motors. This effort coordinates Service and OSD funding with private sector investment across multiple contract efforts to maximize available capital, operational impact, and broader USD(R&E), ASA(ALT), and ASN(RDA) equities. • In FY2024 and FY2025, Transition Acceleration Program (TAP) funds were budgeted in PE 0901579D8Z. • Starting in FY2026, Transition Acceleration Program (TAP) funds are budgeted in this program element (PE 0604679D8Z).
Global Technology Scouting and Co-Investment Program (GTS)
The Global Technology Scouting and Co-Investment (GTS) program leads international activities to leverage OSC’s financial tools and co-investment opportunities with allies, into critical technologies, which support interoperability, integrated deterrence, and prevent adversarial capital investment. • In FY2024 and FY2025, Global Technology Scouting and Co-Investment Program (GTS) funds were budgeted in PE 0901579D8Z. • Starting in FY2026, Global Technology Scouting and Co-Investment Program (GTS) funds are budgeted in this program element (PE 0604679D8Z).
Investment Strategy
The Investment Strategy program develops, drafts, and coordinates OSC’s Investment Strategy to ensure the office’s investments are aligned broadly with the Department’s priorities articulated by the INDSG, NSS, NDS, DPG and other strategic documents. As a part of this analysis, Strategy conducts a combination of quantitative and qualitative research to map economic networks, assess key industries, and determine which critical technologies are essential to economic and national security. This work continuously informs where the office deploys its resources. • In FY2024 and FY2025, Investment Strategy funds were budgeted in PE 0901579D8Z. • Starting in FY2026, , Investment Strategy funds are budgeted in this program element (PE 0604679D8Z).
Budget line items(workbook-cited)
P-1/R-1 workbook Total Obligation Authority basis (USD thousands) · PB2026.
Exhibit R-1
| Account | Org | Type | Amount |
|---|---|---|---|
| Research, Development, Test and Evaluation, Defense-Wide | OSD | FY26 Reconciliation | $21.3M |
| Research, Development, Test and Evaluation, Defense-Wide | OSD | FY26 Total | $21.3M |
Budget Details(R-2/P-40 facts)
J-book detail basis (R-2/P-40, USD millions) · PB2026 — a different accounting basis from the P-1/R-1 workbook TOA above; where the two disagree, the reconciliation strip under Budget figures shows both.
Wider than this screen — swipe the table sideways for the remaining fiscal-year columns.
| Project | All Prior Years | FY24 Actuals | FY25 Total | FY26 Base | FY26 Request |
|---|---|---|---|---|---|
| Program Element | $0 | $0 | $0 | $382.0K | $382.0K |
| 893: Office of Strategic Capital (OSC) | $0 | $0 | $0 | $382.0K | $382.0K |
Follow the dollar
No follow-the-dollar view — this program's awards haven't been crosswalked at high confidence (flows cover 312 of 1,938 programs). why coverage is partial? →
Awards
No awards are linked to this program element at high or medium confidence — the budget→award crosswalk only asserts links it can defend, and this line has none yet.
Lobbying mentions
No Senate LDA lobbying filing in the tracked data mentions this program element by code or alias.
Oversight
Department-level designation (not specific to this program)
GAO lists 5 high-risk areas for DOD as a whole. That designation covers the department, not Office of Strategic Capital (OSC). No program-specific GAO finding for this line is in the ingested data. See the DOD oversight record.
Program dossier
No research dossier for this program — dossiers cover 50 of 1,938 programs, the largest fully J-book-detailed lines by FY2026 requested dollars. why no dossier here? →
Primary sources
Open any budget figure for its exact receipt. Verified line items lead with the highlighted government PDF; original spreadsheets download with their budget edition and exhibit in the filename.
Budget totals · TOA sources
FY2026 Department of Defense Budget: RDT&E Programs (R-1) · comptroller.war.gov
Exhibit R-1 · P966
Complete workbook · unchanged saved copy. Saves as PB2026_DoD_R-1_Research-Development-Test-Evaluation.xlsx.
Detailed budget justification
The related TOA spreadsheets above use a different accounting basis from R-2/P-40 detail. Their amounts are not assumed to match these detailed sources.