NATO Closes EUR1 Billion Innovation Fund
Summary
The Participating Allies¹ have also welcomed Sweden’s interest to join the NIF. Sweden’s contribution will add to the current EUR 1 billion venture capital fund, boosting the investible capital of the NATO Innovation Fund and bolstering innovative capacity across the Alliance. The fund is a multi-sovereign venture capital fund which will invest in startups developing technological solutions, leveraging the potential for commercial innovation to address critical defence and security challenges. The Fund’s Limited Partners include 23 NATO Allies at the highest levels of government, venture capital, innovation and defence. It will provide patient capital to meet the needs and timelines of deep tech innovators and to secure an enduring future for the Alliance’s 1 billion citizens.