Defense, NATO begins its investment of 1,000 million euros

The fund, called the NATO Innovation Fund and announced in 2022 after Russia’s invasion of Ukraine, aims to connect government technology buyers with startups to develop innovative defense solutions.

there BORN confirmed its first significant investment in cutting-edge defense technologies as part of a €1 billion fund, aimed at addressing today’s defence, security and resilience challenges.

This fund, called BORN Innovation background and announced in 2022 after Russia’s invasion of Ukraine, aims to connect government buyers of technologies with startups to develop solutions innovative defense.

second david van well, Undersecretary General for Innovation, the objective is to ensure agile and effective communication with innovators, bringing new technologies with the necessary speed to maintain the technological advantage of the Alliance. The fund aims to promote innovation in new materials and manufacturing processes, artificial intelligence (AI) and robotics.

The 4 startups chosen: one German and four English

The first companies to receive the investment are four European companies, among them ARX robotics in Germany which produces scalable robotic systems with both defense, commercial and humanitarian applications, such as ensuring the safety of the military and increasing workforce efficiency.

The other three are English. fragilea London-based artificial intelligence company that studies how to make large language models—the infrastructures that move tools like ChatGpt – faster; the British iComatwhich manufactures lighter structures for aerospace and automotive vehicles; space forgeborn in Wales, who explodes space conditions, such as microgravity and vacuum, to build semiconductors in orbit.

NATO Innovation Fund supported by 24 members

O BORN Innovation background it is supported by 24 of NATO’s 32 member states, with the United States, Canada and France among the countries that have not yet joined.

In addition to direct support for startups, the NIF can also invest in venture capital funds that, in turn, support the development initial phase of companies of NATO interest. So far the NIF has selected four European funds: OTB ventureswhich supports companies in fields how automation, cybersecurity and AI; alpine space venturesspecialized in space economy; join in Berlin-based Capital has focused on deep-tech investments; Vsquared venturesfocused on AI and robotics.

Unlike most venture capital firms, which invest over a 10-year period, the NATO fund will invest over a 15-year period.

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