Twenty-three NATO Allies have officially become Limited Partners of the NATO Innovation Fund (NIF), which is preparing to make its initial investments later this year.
The Participating Allies¹ have also welcomed Sweden’s interest to join the NIF. Sweden’s participation will take effect upon its accession to the North Atlantic Treaty.
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 make direct investments into startups located in any of the 23 participating Allied nations, as well as indirect investments into deep tech funds with a trans-Atlantic impact. 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.
FinSMEs
03/08/2023
- *Participating NATO Allies: Belgium; Bulgaria; Czechia; Denmark; Estonia; Finland; Germany; Greece; Hungary; Iceland; Italy; Latvia; Lithuania; Luxembourg; Netherlands; Norway; Poland; Portugal; Romania; Slovakia; Spain; Türkiye; United Kingdom