Eyeing defence tech, NATO seals world’s first multi-sovereign fund
On August 1st, NATO announced that twenty-three of its member nations have officially become Limited Partners of the NATO Innovation Fund (NIF). This paves the way for the NIF to utilize its €1 billion ($1.1 billion) multi-sovereign venture capital fund, the first of its kind, to support Deep Tech projects in various disruptive domains within the defense and security sectors. The NIF's investments will align with the Emerging and Disruptive Technologies (EDTs) outlined in NATO's 2022 Strategic Concept. Additionally, participating allies have welcomed Sweden's interest in joining the NIF, following the country's recent entry into NATO.