The NATO Innovation Fund, the “world’s first multi-sovereign venture capital fund,” made its first investments earlier this summer in deep tech companies including British aerospace manufacturing company Space Forge and AI companies ARX Robotics and Fractile.
Modeled like the U.S. intelligence community’s venture capital arm IQT (In-Q-Tel), the fund’s intention is to focus on spurring innovation in areas including biotechnology, AI, space tech, and advanced communications.
As NATO Innovation Fund Board Chairs Klaus Hommels and Fiona Murray described the project’s purview in Fortune in July: “By investing in and adopting emerging dual-use technologies, NATO can leverage the private sector’s innovation power and its transatlantic talent pool, while countering our strategic competitors’ influence and ambitions.”
Hellbound and Down 