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NATO setting up €1bn military innovation fund

Headlines 16:16 21 Oct, 2021

The NATO Innovation Fund will be used to provide grants to enhance the development of military and dual-use technologies

NATO setting up €1bn military innovation fund

NATO alliance defense ministers will adopt the alliance's AI strategy and announce the establishment of a €1 billion military innovation fund, Secretary-General of the Alliance Jens Stoltenberg said upon his arrival at a meeting of the Defense Ministers in Brussels, Qazet.az informs, citing TASS.

The NATO Innovation Fund will be used to provide grants to enhance the development of military and dual-use technologies.

In addition, NATO intends to intensify the creation of a network of technology centers DIANA, which are looking for military applications of civilian technologies being developed in the alliance member countries.