TLDR:
- NATO has invested in European startups through its €1bn Innovation Fund to boost defense tech capabilities.
- The first startups to receive backing focus on AI, robotics, spacetech, and novel materials.
NATO has announced its investment in European startups as part of the €1bn NATO Innovation Fund (NIF) to enhance defense tech capabilities. The fund, launched in 2023, targets early-stage deep tech startups and venture capital firms focusing on emerging technologies with military applications. The NIF aims to strengthen the defense and security of the 24 Alliance members, with a focus on technologies like AI, big data processing, quantum computing, biotech, novel materials, and spacetech.
The first group of European startups receiving backing from the NIF includes ARX Robotics, a German company developing unmanned robotic vehicles for military and commercial uses. Fractile, a London-based company, specializes in computer chips that enhance AI performance for large language models. iCOMAT, a UK startup, produces ultralight materials for aerospace and automotive sectors. Space Forge, a Welsh company, focuses on on-orbit manufacturing capabilities in space environments.
Additionally, the NIF is investing in four European venture capital firms, including Alpine Space Ventures, OTB Ventures, Join Capital, and Vsquared Ventures. The fund will disburse the €1bn over 15 years, signaling Europe’s growing importance in defense tech. European markets in defense tech have witnessed significant growth in recent years, with NATO’s investment highlighting the region’s potential in the sector.
