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EIF and NATO Innovation Fund partner to boost European defence and security investment

  • July 03 2024
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EIF and NATO Innovation Fund partner to boost European defence and security investment

By Newsdesk
July 03 2024

The European Investment Fund (EIF) and NATO Innovation Fund (NIF) have signed a Memorandum of Understanding to collaborate on expanding funding for start-ups, SMEs and midcaps in Europe's defence, security and resilience sectors.

EIF and NATO Innovation Fund partner to boost European defence and security investment

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  • July 03 2024
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The European Investment Fund (EIF) and NATO Innovation Fund (NIF) have signed a Memorandum of Understanding to collaborate on expanding funding for start-ups, SMEs and midcaps in Europe's defence, security and resilience sectors.

EIF and NATO Innovation Fund partner to boost European defence and security investment

The partnership aims to encourage more private capital investment in defence and security-related technology sectors, enabling EU companies to access a broader range of equity funding sources.

Marjut Falkstedt, chief executive of the EIF, said the collaboration will "ensure a cohesive approach to strengthening the investment ecosystem for defence, security and resilience."

Key aspects of the partnership include:

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  • Facilitating regular dialogue and knowledge sharing between EIF and NIF
  • Cooperating on activities to raise awareness about investment potential in defence and security 
  • Exploring the design of new financial products to meet companies' needs
  • Exchanging information with the European Commission where beneficial

Andrea Traversone, Managing Partner of the NATO Innovation Fund, said there is "great momentum in deep tech that is propelling innovations to help strengthen European defence, security and resilience."

EIF and NATO Innovation Fund partner to boost European defence and security investment

The collaboration aligns with the EIB Group's Security and Defence Action Plan, which aims to support innovative companies through venture debt funding that may complement EIF and NIF equity investments.

The NATO Innovation Fund is backed by 24 NATO allies and plans to deploy over €1 billion in deep tech addressing defence, security and resilience challenges.

This partnership represents a significant step in strengthening Europe's defence and security capabilities by unlocking new private investment avenues and driving innovation in these critical sectors.

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