NATO wants to finance startups from Amsterdam

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NATO wants to finance startups from Amsterdam

NATO has set up a new investment fund for startups and seems to want to establish it in the Netherlands. This is reported by the Financieele Dagblad. The fund would contain about 1 billion euros, FD journalist Jan Fred van Wijnen knows.

NATO Secretary General Jens Stoltenberg. NATO has set up a new investment fund for startups that seems to want to establish it in the Netherlands. This is reported by the Financieele Dagblad. The fund would contain about 1 billion euros, FD journalist Jan Fred van Wijnen knows. (ANP / AFP)

Six months ago, NATO already announced its intention to set up such a fund, and it is being voted on today. ‘The bullet is not yet completely through the church for Amsterdam, but we did understand that there were few other serious candidates,’ says Van Wijnen.

He can also understand NATO’s reasoning for wanting to set up such an investment fund in the Netherlands. After all, waging war requires a lot of modern technology, and that technology often comes from young companies that come up with crazy applications. Which can often also be used militarily.

Funds

It often stops at coming up with solutions, says Van Wijnen, because the structural lack of financing is a problem in the startup world. “It is usually very expensive and very risky for private investors to get into it,” he continues. ‘NATO now thinks it can play a role in this.’

For the fund, which comprises about 1 billion euros, NATO is therefore looking to Amsterdam. That seems striking, all the more so because the technological hub and startup Valhalla is located in the south. But NATO has also thought about this. ‘Amsterdam is mainly home to software companies, which are an important part of the Dutch start-up world’, he says. In addition, Amsterdam is the financial center. Many investment companies come and are already based here and the financial supervision of the start-up sector is located here.’

Ukraine

Van Wijnen does not dare to say whether the foundation of the fund is related to the war in Ukraine. It is also too quiet from NATO for that. “NATO has not made any announcements outside of the fund’s official announcement,” he concludes. But it did happen in the slipstream of a big NATO summit in Madrid, when big plans were made to support Ukraine. So the awareness that something had to be done was very strong there. It is obvious that such a fund would not have been set up if it had not been for the war in Ukraine.’


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