News

Sweden has officially become a Limited Partner (LP) of the NATO Innovation Fund (NIF), joining 23 other countries to invest in advanced technology and science and enhance the defence, security and resilience of the allied nations.

Twenty-three NATO Allies have officially become Limited Partners of the NATO Innovation Fund (NIF), which is preparing to make its initial investments later this year. The Participating Allies* have also welcomed Sweden’s interest to join the NIF. Sweden’s participation will take effect upon its accession to the North Atlantic Treaty.

Twenty-three NATO Allies* have selected the investment team to run the Alliance’s new 1 billion euro deep technology venture fund.

The 22 Allies* participating in the NATO Innovation Fund have completed the formation of the Board of Directors. The remaining six Directors were appointed on 27 April 2023.

The first multi-sovereign venture fund was announced last year following an agreement at the Madrid Summit by 22 member states.