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International Business Times
International Business Times
Sport

Vital European Defence Startups Still Facing Hurdles

Russia Ukraine NIF United Kingdom
Armies around the world are scrambling to commission and integrate technologies like drones (Credit: AFP)

Opportunities and investment have surged for European defence startups since Russia's invasion of Ukraine, industry players say, with shifts by governments and investors shaking up a sector long a byword for ponderous development.

Research published in February by the NATO Innovation Fund (NIF) and market analytics firm Dealroom found that venture capital going into European "defence, security and resilience" startups leapt 30 percent in the two years to 2024, reaching $5.2 billion.

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