March 20, 2023
NATO Innovation Fund to Establish its Headquarters in the Netherlands
The 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 defence applications.
It is expected that the establishment of this fund in the Netherlands will increase the possibility for innovative Dutch start-ups to gain access to capital. This stimulates the development of innovative complex technologies that offer solutions for both societal and security issues.
Together, NATO allies are making at least €1 billion available for the NIF, which has a term of 15 years. The Netherlands has pledged to contribute more than €55 million in that period.
The NATO Innovation Fund positions the Netherlands even more firmly among investment funds for innovative companies. This helps start-ups to develop further in the Netherlands. In this way, we are strengthening what our country is good at, namely working on solutions for the future.
More investment in high-tech is urgently needed. For example, we are working with our NATO allies to defend against new threats. That is also why the Netherlands has already decided to substantially increase the budget for research, technology and innovation. The arrival of the headquarters of the NATO Innovation Fund is an important milestone to this end. It’s great that the Netherlands, as a knowledge nation, can host the fund.
The deep tech industry is essential for the societal transitions and the current challenges with regard to autonomy for the Netherlands and Europe. From universities and research institutes, to incubators and investors, the Netherlands is pleased to contribute to setting up this fund to further the development of key enabling technologies in Europe.
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