Netherlands to house new $1.1 billion NATO innovation fund

Amsterdam, Mar. 21 (BNA): Netherlands will house a new 1 billion-euro ($1.07 billion) NATO fund that will invest in European startup companies developing technology with possible military or defense applications according to Reuters.


The Fund, announced last year, will be officially launched during NATO's annual summit in July, the Dutch Economic Affairs ministry said in a statement.


We expect that housing this fund in the Netherlands will make it easier for innovative Dutch startups to find their way to capital, stimulating solutions for both societal and military problems, the ministry said.


The multinational fund is meant to bring together governments, the private sector and academia to bolster NATO’s technological edge, the alliance said last year.





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