NATO allies have confirmed that it has already awarded the first batch of companies as part of its $1.1 billion innovation fund, that is meant to target the fields of AI, robotics and space technology.
Reuters reported that the alliance of NATO countries revealed the fund's existence during the summer of 2022, months after Russia invaded Ukraine. The billion-dollar fund is backed by 24 of the 32 NATO member states, which includes Finland and Sweden. It was only in April 2023 that Finland joined the alliance, while Sweden joined more recently, particularly in March this year.
