Black Flag, an accelerator focused on technologies vital to America’s national security, recently unveiled a new initiative aimed at helping the U.S. maintain its technological edge and out-innovate China in the global tech race .

The initiative — called the Black Flag Investor List — is a database that connects U.S. founders with investors who prioritize national interests. It consolidates American and allied venture capital firms "investing in the national interests of the United States and our allies," Larsen Jensen, founder of Harpoon Ventures, told FOX Business.

"The Chinese Communist Party has been trying to beat us at our own game that I think the United States has really pioneered — That's innovation, and that's venture capital and that's entrepreneurship ," Jensen told FOX

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