Allies take further steps to establish NATO Innovation Fund

Published on March 20, 2023

NATO officially appoints its first three members to the NATO Innovation Fund (NIF) Board of Directors. They include the Chair, Dr. Klaus Hommels, in addition to Dame Fiona Murray and Dr. Roberto Cingolani. A total of nine members is planned.

The alliance also announces that the Netherlands will host the ‘management arm’ of NIF, with a number of regional offices envisioned across the alliance. Members of the alliance act as ‘Limited Partners’ in NIF, with the Fund itself structured as a ‘financial partnership.’ It will invest EUR €1 billion in early-stage startups working on ‘emerging and disruptive technologies’ along with investment in venture capital funds developing ‘dual-use and disruptive technologies (deep tech).’

Read the full article here.

Other news

Angola getting Aksungur UAVs from Turkey

March 20, 2023
Angola orders Aksungur medium-altitude, long-endurance uncrewed aerial vehicles (UAVs) from Turkish Aerospace Industries. It is the first confirmed African state to make such a purchase. The contract, going back to October 2022, is worth a total of USD $93 million.Production on the Aksungurs has begun, but deliveries have not yet started. At least 8 such UAVs have been manufactured, with another 6

AUKUS reforms to US export controls inevitable: Ex-Navy chief

March 21, 2023
Former American naval chief, Richard Spencer, is among many experts echoing the same message; defense technology export controls hurt America’s strategic partnerships and hurt economic growth. Spencer singled out the International Traffic in Arms Regulations (ITAR) as the single largest obstacle to collaboration between the US and her allies. He also advocated that revising, or dissolving, ITAR wo