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The EIF and NATO Innovation Fund have signed a memorandum of understanding to facilitate private capital investment in technologies used by the defence and security sectors.
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The partnership is expected to encourage more private-capital funds to become active investors in military-use technologies, the groups confirmed in early July, helping EU-based start-ups, small and medium-sized enterprises and midcaps access additional investment.
It will also enable the two funds to share knowledge on investments within the industry, reach out to private capital funds, support investment plans and raise awareness of defence and security investment.
The NATO Innovation Fund (NIF) is a venture capital fund supported by 24 NATO allies and deploys more than €1 billion in technology used in defence and security.
The European Investment Fund (EIF) forms part of the European Investment Bank Group and provides access to finance for small and medium-sized enterprises.
“By facilitating regular dialogue and knowledge sharing, the EIF and NIF will ensure a cohesive approach to strengthening the investment ecosystem for defence, security and resilience,” said Marjut Falkstedt, chief executive of the EIF.
“This will benefit SMEs, midcaps, and the broader European innovation landscape.”
The partnership is also expected to create new financial products, with an eye to unlocking new private investment opportunities.
“There is great momentum in deep tech that is propelling innovations to help strengthen European defence, security and resilience,” said Andrea Traversone, managing partner, NATO Innovation Fund.
“We are excited to be collaborating with the EIF, the EIB Group, and the commission to unlock investment opportunities for European businesses, advance capacity building for dual-use innovation, and share best practices across investors, innovators and government.”
