NVCA Statement on AI Action Plan  

WASHINGTON, DC – National Venture Capital Association (NVCA) President and CEO Bobby Franklin issued the following statement in response to the release of the Trump Administration’s AI Action Plan:  

“Venture capital is fueling the AI revolution, backing the startups driving breakthroughs across critical sectors like national security, healthcare, and energy. The AI Action Plan is a strong step toward securing U.S. leadership by emphasizing innovation-friendly policies, prioritizing foundational science research, and accelerating investments in AI infrastructure. To maintain our competitive advantage, the U.S. must continue fostering a policy environment where entrepreneurs and investors can confidently lead the global AI race.”  

In March, NVCA submitted a formal comment on the pending AI Action Plan highlighting venture capital’s role in driving AI innovation and urging the federal government to take an active role in harnessing the startup ecosystem to ensure the U.S. remains the global leader in AI innovation.  

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The National Venture Capital Association (NVCA) empowers the next generation of American companies that will fuel the economy of tomorrow. As the voice of the U.S. venture capital and startup community, NVCA advocates for public policy that supports the American entrepreneurial ecosystem. Serving the venture community as the preeminent trade association, NVCA arms the venture community for success, serving as the leading resource for venture capital data, practical education, peer-led initiatives, and networking. For more information about NVCA, please visit www.nvca.org.