NATO Innovation Fund makes first investments in future deep technologies On Tuesday (18 June 2024), the NATO Innovation Fund (NIF), the world’s first multi-sovereign venture capital fund, announced its first investments in four companies– ARX Robotics, Fractile AI, iCOMAT and Space Forge – proposing innovative solutions in novel materials and manufacturing, AI and robotics. The Fund is supporting four venture capital funds – Alpine Space Ventures, OTB Ventures, Join Capital and Vsquared Ventures – with expertise in deep technologies such as space tech, to quantum cryptography and AI.
Secretary General in Washington: NATO makes America stronger Secretary General Jens Stoltenberg met with U.S. President Joe Biden at the White House in Washington D.C. on Monday (17 June 2024), announcing new defence spending figures and outlining priorities for the upcoming NATO Summit.
Defence Expenditure of NATO Countries (2014-2024) NATO collects defence expenditure data from Allies and publishes it on a regular basis. Each Ally’s Ministry of Defence reports current and estimated future defence expenditure according to an agreed definition. The amounts represent payments by a national government that have been or will be made during the course of the fiscal year to meet the needs of its armed forces, those of Allies or of the Alliance. In the figures and tables that follow, NATO also uses economic and demographic information available from the Directorate-General for Economic and Financial Affairs of the European Commission (DG ECFIN) and the Organisation for Economic Co-operation and Development (OECD).
