https://sputnikglobe.com/20230801/sweden-to-contribute-to-natos-11bln-deep-tech-fund-after-accession-1112328017.html
Sweden to Contribute to NATO's $1.1Bln Deep Tech Fund After Accession
Sweden to Contribute to NATO's $1.1Bln Deep Tech Fund After Accession
Sputnik International
Sweden's accession to NATO will automatically effect its participation in the NATO Innovation Fund (NIF), a 1 billion euro ($1.1 billion) multi-sovereign venture capital fund for investing in defense start-ups, the Swedish Defense Ministry said on Tuesday.
2023-08-01T17:23+0000
2023-08-01T17:23+0000
2023-08-01T17:23+0000
military
sweden
nato
swedish defense ministry
finland
nato expansion
nato membership
https://cdn1.img.sputnikglobe.com/img/07e7/02/13/1107597735_0:49:3072:1777_1920x0_80_0_0_89f0f7f1dcb3dedf7d9c20c6935e8216.jpg
The NIF is designed to invest in defense and security start-ups in its partner states, which currently include 23 out of 31 NATO countries. The NIF's participating countries include Belgium, Bulgaria, the Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain, Turkiye and the United Kingdom. Sweden, along with Finland, submitted its NATO application in May 2022, several months after Russia launched its military operation in Ukraine. Finland became a member of the alliance in April 2023. Sweden's application is still pending ratification by Hungary and Turkiye.
sweden
finland
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2023
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
nato expansion, sweden joining nato, sweden's nato accession, sweden's nato membership, sweden's nato bid, enlargement of nato, nato innovation fund, nif, nato deep tech fund
nato expansion, sweden joining nato, sweden's nato accession, sweden's nato membership, sweden's nato bid, enlargement of nato, nato innovation fund, nif, nato deep tech fund
Sweden to Contribute to NATO's $1.1Bln Deep Tech Fund After Accession
MOSCOW (Sputnik) - Sweden's accession to NATO will automatically effect its participation in the NATO Innovation Fund (NIF), a 1 billion euro ($1.1 billion) multi-sovereign venture capital fund for investing in defense start-ups, the Swedish Defense Ministry said on Tuesday.
The
NIF is designed to invest in defense and security start-ups in its partner states, which currently include 23 out of 31 NATO countries.
"Sweden's participation [in the NIF] will take effect upon its accession to the North Atlantic Treaty. Sweden's contribution will add to the current EUR 1 billion venture capital fund, boosting the investible capital of the NATO Innovation Fund and bolstering innovative capacity across the Alliance," the ministry stated.
The NIF's participating countries include Belgium, Bulgaria, the Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain, Turkiye and the United Kingdom.
Sweden, along with Finland, submitted its
NATO application in May 2022, several months after Russia launched its military operation in Ukraine.
Finland became a member of the alliance in April 2023. Sweden's application is still
pending ratification by Hungary and Turkiye.
