Netherlands is candidate for 1 bln euro NATO innovation fund -gov't agency
The Netherlands is a candidate to house a 1 billion euro ($1.06 billion) NATO fund that will invest in European startup companies developing technology with possible military or defence applications, a government agency said on Friday. A spokesperson for the Netherlands Foreign Investment Agency (NFIA) confirmed a report in newspaper Het Financieele Dagblad.
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- Netherlands
The Netherlands is a candidate to house a 1 billion euro ($1.06 billion) NATO fund that will invest in European startup companies developing technology with possible military or defence applications, a government agency said on Friday.
A spokesperson for the Netherlands Foreign Investment Agency (NFIA) confirmed a report in newspaper Het Financieele Dagblad. They said that if the bid is successful, the country is hopeful it will give a boost to Dutch startups.
The plan for the fund was announced at a NATO summit in Madrid last year. ($1 = 0.9416 euros)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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