Canada joins NATO's $1.5-billion Innovation Fund, pending approval from allied members
By
Pippa Norman
1d ago· 4 min readenNews
Summary
Canada has joined NATO's Innovation Fund, a more-than-$1.5-billion venture capital initiative launched in 2022 to invest in technologies developed by NATO allies. Canada's membership is pending approval from the fund's 24 participating countries, which could take until the fall. This move fulfills a long-held commitment by Canada to participate in the fund.
Source
bskyCanada joins NATO's $1.5-billion Innovation Fund, pending approval from allied memberstheglobeandmail.comKey quotes
· 3 pulledCanada has joined NATO's more-than-$1.5-billion Innovation Fund, pending approval from the other members of the defence- and security-focused initiative, sources say.
The move means Canada will finally follow through on a long-held commitment to join the fund, which was launched in 2022 to invest in technologies being developed by participating North Atlantic Treaty Organization allies.
Canada's membership in the fund is pending approval by the venture capital fund's participating 24 countries, or limited partners, which could take until the fall, sources say.
Fund will invest in technologies being developed by participating NATO countries
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