It was officially born in Madrid the NATO innovation fund. Twenty-two States belonging to the Atlantic Alliance have signed a letter of intent for the creation of the first multi-sovereign venture capital fund in the world which, created with 1 billion euro, will provide strategic investments in start-ups developing emerging and disruptive dual-use technologies in areas critical to Allied security.
NATO Innovation Fund: who are the signatory countries
signatory countries they are: Belgium, Bulgaria, Czech Republic, Denmark, Estonia, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain, Turkey and United Kingdom.
Stoltemberg: “World's first multi-sovereign venture capital fund”
“This fund – explained the secretary general of NATO, Jens Stoltenberg, just before signing the document – it is one of a kind. And the first multi-sovereign venture capital fund in the world. Will invest 1 billion euro in early-stage start-ups, and other deep-tech funds in 22 participating nations, leveraging the best of new technologies for transatlantic security.”
“Maintaining our technological advantage – recalled Stoltenberg – has helped keep our Alliance strong and our nations secure for more than seventy years. Today, however, nations that do not share our values, such as Russia and China, are challenging this advantage. In everything from artificial intelligence to space technologies, it is essential to do everything possible to stay at the forefront of innovation and technology. This fund, together with Diana, the NATO defense innovation accelerator for the North Atlantic – continued the secretary general -, will contribute to this aim”.
“With a time horizon of 15 years – concluded Stoltenberg -, the NATO Innovation Fund it will help usher in those nascent technologies that have the power to transform our security for decades to come, strengthening the Alliance's innovation ecosystem. And strengthening the security of our billion citizens”.
