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EIF and NATO Innovation Fund Sign MoU to Mobilize Private Capital for Europe’s Defence and Security Future

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The European Investment Fund and the NATO Innovation Fund signed a Memorandum of Understanding (MoU) to expand funding for startups, SMEs and midcaps in defence, security, and resilience sectors.

The MoU aims to encourage more private-capital funds to become active investors in technology sectors associated with defence and security, enabling EU companies to raise equity funding from a broader range of sources. It also outlines plans for EIF-NIF cooperation on ad-hoc activities to share knowledge and raise awareness about the potential of investments in defence and security. This will help foster a comprehensive investment ecosystem, ensure effective outreach to private-capital funds, support companies in their investment plans and raise awareness of the investment opportunities in the defence, security, and resilience sectors among limited partners.

The collaboration between EIF and NIF will also focus on the design of new financial products to cater for companies’ needs.

The European Investment Fund (EIF) is part of the European Investment Bank Group. It aims to support Europe’s micro, small and medium-sized enterprises (SMEs) by helping them to access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, it fosters EU objectives in support of innovation, research and development, entrepreneurship, growth and employment.

The NATO Innovation Fund is a venture capital fund, backed by 24 NATO Allies, that deploys more than €1 Billion in deep tech to address challenges in defence, security, and resilience. The fund invests independently, with 24 nations supporting its portfolio’s success and helping provide deep tech entrepreneurs with access to both commercial and government markets.

Participating NATO Allies are: Belgium; Bulgaria; Czechia; Denmark; Estonia; Finland; Germany; Greece; Hungary; Iceland; Italy; Latvia; Lithuania; Luxembourg; Netherlands; Norway; Poland; Portugal; Romania; Slovakia; Spain; Sweden; Türkiye; United Kingdom

VCWire

03/07/2024