EU Launches €115 Million Fund to Propel Defence Start-ups Under AGILE Initiative
The European Commission has unveiled a €115 million pilot fund aimed at accelerating defence technology development from European start-ups, streamlining the grant application process.
The European Commission has announced a new initiative to support defence innovation by allocating €115 million to a pilot fund. This funding is specifically targeted at European start-ups working in the defence sector.
One of the key features of this initiative is the reduction of the application process for grants, which has been streamlined to just four months. This is expected to facilitate quicker access to funding for emerging defence technologies.
This funding initiative is part of the broader AGILE program, which aims to enhance the capabilities of the European defence industry and promote innovation among start-ups.