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NATO Innovation Fund Investing €1 Billion in Deep Tech Innovation For Its 1 Billion Citizens

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Insider Brief

  • The NATO Innovation Fund aims to address the significant underfunding of the market for deep tech innovation.
  • Verticals include artificial intelligence (AI), biotechnology, energy & propulsion, manufacturing and space technologies.
  • The fund aims to adapt its investment strategy accordingly, aligning with emerging trends and breakthrough developments.

The NATO Innovation Fund (NIF) has been established to propel the Alliance’s unique innovation ecosystems forward, investing a total of  €1 billion in deep tech initiatives aimed at ensuring the security and prosperity of its 1 billion citizens. Recognizing the world-leading talent and research capabilities within the Allied nations’ Science, Technology, Engineering, and Mathematics (STEM) fields, the NIF aims to address the significant underfunding of the market for deep tech innovation.

Through the NIF, the funds will serve as a commercialization machine, supporting both private and public sectors in advancing cutting-edge technologies and securing the future of the Alliance’s citizens. The fund functions as an independent venture capital entity with a dedicated budget of €1 billion, providing vital backing to innovative founders developing emerging and disruptive technologies.

The NIF has identified several high-impact verticals that align with its mission to foster innovation and shape the future. These include artificial intelligence (AI), biotechnology, energy & propulsion, manufacturing and space technologies. The fund’s interests lie in promoting advancements in autonomy, hypersonics, new materials, and quantum technologies, with a strong emphasis on bolstering both hardware and software capabilities.

Embracing the rapid pace of innovation in today’s world, the NIF has centered its focus on NATO’s Emerging and Disruptive Technologies (EDTs). As the innovation landscape continues to evolve, the fund aims to adapt its investment strategy accordingly, aligning with emerging trends and breakthrough developments.

The NIF marks a significant step forward for the Alliance’s commitment to fostering technological progress and strengthening its position in the global innovation ecosystem. By addressing the underfunding challenges in deep tech, the fund aims to unlock the immense potential of Allied talent and research capabilities, creating a foundation for sustainable growth and long-term success.

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James Dargan is a writer and researcher at The Quantum Insider. His focus is on the QC startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.

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Inder Singh

Mr. Singh has held various executive roles in leading organizations, contributing his expertise in finance, strategy, and marketing, and currently serves on the boards of prominent companies and advises on entrepreneurship and national security. From 2019 to 2022, Mr. Singh was the Executive Vice President and Chief Financial Officer at Arm Limited, a British semiconductor and software design company, leading its global finance, corporate IT operations, procurement, and enterprise security teams. Before joining Arm Limited, he was with Unisys Corp. as Senior Vice President and Chief Financial Officer from November 2016 to April 2019, and as Chief Strategy and Marketing Officer from March 2016 to November 2016. His earlier roles include Managing Director at SunTrust Bank’s equities unit and Senior Vice President in finance at Comcast Corporation. Currently, he is on the board of directors for John Wiley & Sons, Inc. and Affinity Federal Credit Union, contributes to Columbia University’s Entrepreneurship Advisory Board, and advises the U.S. Department of Homeland Security. Mr. Singh holds an M.B.A. in finance from New York University and M.S. and B.S. degrees in engineering from Columbia University.

Stuart Woods

35 years extensive experience in deep tech product portfolio management, spanning start-ups through to publicly traded businesses, comprising eleven disruptive technologies and five acquisitions – with a third of his career in lasers including SPI Lasers’ public offering on AIM. Stuart’s approach focuses on finding a team’s strengths, then developing sales, managing financials, and building an environment of trust in which teams can grow and thrive. Stuart is Chief Operating and Strategy Officer at Quantum Exponential, previously was MD at Oxford Instruments, and VP of Survey Solutions at Hexagon AB. Oxford Instruments provided the environments for quantum technology discoveries. Stuart worked at Cisco Systems and Pirelli Optical Systems during the telecom boom – leading product management. He graduated from North Carolina State University.

Shelli Brunswick

Shelli Brunswick with a 35-year tenure in the global space ecosystem, has carved a niche as a transformative leader. Her career, marked by roles such as U.S. Air Force leader in space acquisition, program management, policy, and congressional liaison; former COO of Space Foundation; and CEO & Founder of SB Global LLC, reflects her dedication to innovation, entrepreneurship, and diversity. Brunswick chairs the board of Manufacturer’s Edge, an entity aligned with the U.S. Department of Commerce, and serves on the executive boards of the Global Women Leaders Committee of the World Business Angeles Investment Forum and AeroAI Global Solutions, leveraging space technologies for global challenges. Additionally, she is the Board Chair for Tod'Aers Global Network, emphasizing space studies, technology innovation, and R&D. Her leadership extends to shaping the space industry's future through contributions to NASA, the European Space Agency, and engagement with think tanks like the Hudson Institute and the Wilson Center. Recognized for her advocacy for women in space, Brunswick has received numerous accolades, including being named among the Top 100 Women of the Future in Emerging Technology. Brunswick's academic credentials include an MBA from the University of Phoenix, a bachelor's in business administration from Colorado State University-Pueblo, a Project Management Professional Certification, and a certificate in Legislative Studies from Georgetown University, along with completing the Deloitte Board Readiness Program.

Anton Black

Anton Black is a Global Partner at Rothschild & Co where he is Co-Head of their European Technology Global Advisory Team based in London. He has over 20 years experience at Rothschild & Co and has advised start ups, founders, corporate and investors across the technology space from software to tech services to industrial technology and in the digital ecosystem. His deal experience across Europe covers M&A, fund raising and IPOs transactions and has advised on over 100 transactions with transaction sizes ranging from tens of millions to multiple billions.Post retirement up to now he has served as Non-executive Board Member at several listed and non-listed companies, as Management Advisor in many Technology start-ups from seed-funding to decacorn, and as advisory board/ mentor in non-profit organizations and impact funds in Indonesia.

Dan Caruso

Dan Caruso is the Managing Director of Caruso Ventures, a family office that invests in high-impact, tech-enabled scaleups. Dan was the founding CEO / Chairman of Zayo Group, where investors enjoyed a $8.5B equity exit on a $1.0B investment. Dan was a co-founding executive of Level 3 and joined Metropolitan Fiber Systems (MFS) as it began to scale. All three exited for enterprise values > $10B. Dan also led the take private of ICG, which achieved a 25X return and led to the ideation of Zayo. Dan is an advocate for Colorado's entrepreneurial communities and serves on the boards of Endeavor Colorado, Colorado Thrives and Elevate Quantum. Post retirement up to now he has served as Non-executive Board Member at several listed and non-listed companies, as Management Advisor in many Technology start-ups from seed-funding to decacorn, and as advisory board/ mentor in non-profit organizations and impact funds in Indonesia.

Julianto Sidarto

Julianto Sidarto is a retired Managing Director of Accenture, with over 26 years of Management Consulting, Technology, and Operations experience, helping clients define and execute large scale business change. He has served as Country Managing Director of Indonesia, Managing Director of Operations South-East Asia, and various other regional leadership roles. He has lived and worked in Indonesia, USA, Germany, Singapore, and Malaysia. Post retirement up to now he has served as Non-executive Board Member at several listed and non-listed companies, as Management Advisor in many Technology start-ups from seed-funding to decacorn, and as advisory board/ mentor in non-profit organizations and impact funds in Indonesia.