Nato secretary general Jens Stoltenberg during the first Innovation Fund signing ceremony in 2022. Credit: North Atlantic Treaty Organization.

Leaders from 22 Allied countries have signed a Letter of Commitment (LoC) for the new Nato Innovation Fund.

The signing took place during a ceremony hosted by Nato Secretary-General Jens Stoltenberg.   

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Participating allies, including the UK, Belgium, Bulgaria, Denmark, Germany, Hungary, Poland and others, launched the first multi-sovereign venture capital fund on the last day of the Nato Summit in Madrid.    

Through the fund, Nato will invest €1bn in early-stage start-ups and other venture capital funds working on dual-use emerging technologies.

The alliance will prioritise works on artificial intelligence, big data processing, quantum-enabled technologies, biotechnology and human enhancement, energy, autonomy, and space.

Stoltenberg said that maintaining a technological edge has enabled the alliance to stay strong and keep nations safe for more than 70 years.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

He said: “This fund is unique. It is essential that we do everything in our power to remain at the forefront of innovation and technology. 

“With a 15-year timeframe, the Nato Innovation Fund will help bring to life those nascent technologies that have the power to transform our security in the decades to come, strengthening the alliance’s innovation ecosystem, and bolstering the security of our one billion citizens.”

The new fund also seeks to strengthen Nato’s Defence Innovation Accelerator for the North Atlantic (DIANA) initiative that supports emerging and disruptive technologies.

DIANA was introduced in April this year to enable defence personnel to work with the alliance’s researchers, technology companies, and start-ups to address key challenges.

At the Nato Summit in Madrid, member nations decided that innovators working under DIANA’s programmes will have access to a network of nine accelerator sites and 63 test centres across Europe and North America.