NATO picks Netherlands for HQ of new €1B innovation fund

By Ioanna Lykiardopoulou

The Netherlands has been selected as the headquarters of NATO’s Innovation Fund (NIF) in a decision disclosed on Monday. First announced at the organisation’s 2022 Madrid Summit, the fund will invest €1 billion on behalf of NATO member countries over the next 15 years. NIF is a multi-sovereign venture capital fund that will focus on investing in early-stage startups and other VC funds developing (dual-use) emerging and disruptive technologies — to be used in military and defense applications. These include: artificial intelligence; big-data processing; quantum technologies; autonomy; biotechnology and human enhancement; novel materials; energy; propulsion and space. “This will allow…

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Source:: The Next Web