Team S on Newnex: The NATO Innovation Fund (NIF), backed by 24 NATO…

The NATO Innovation Fund (NIF), backed by 24 NATO Allies, announced…

Team S · 2024-07-26T19:37:52.000Z

The NATO Innovation Fund (NIF), backed by 24 NATO Allies, announced an investment in Join Capital, a Berlin-based early-stage venture capital fund focused on deep tech. T his investment aims to expand funding capacity in high-demand regions like Southern and Eastern Europe and enhance deep tech ecosystems in the Nordics. NIF's €1 billion fund supports deep tech solutions in areas such as space tech, quantum cryptography, and AI. This follows NIF's first deep tech investments last month to improve defense, security, and resilience. Other venture capital funds receiving NIF support include Alpine Space Ventures, OTB Ventures, and Vsquared Ventures. These funds focus on sectors like space, AI, cybersecurity, and fintech. Andrea Traversone, Managing Partner of NIF, stated, "We are excited to support Join Capital to drive innovation in novel materials, manufacturing automation, AI, quantum computing, space, and robotics." The fund will provide support for up to 15 years, helping deep tech entrepreneurs commercialize and scale their solutions. https://siliconcanals.com/nato-innovation-fund-invests-in-join-capital/

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Team S on Newnex: The NATO Innovation Fund (NIF), backed by 24 NATO…