Ukrainian dual-use companies are now eligible for EU funding of €300–500K.
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European defence startups
Defence was for a long time, a taboo area for venture capital in Europe. Not any more!
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EU Funds Next Round of European Unmanned Ground System Project
An amount of 50 million euros has been approved for the project, which will be developed by the Milrem Robotics-led consortium that delivered the initial system in 2023.
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The Milrem-led consortium received 50 million from the European Union
A consortium of several dozen European companies and institutions, led by Milrem Robotics and including five Estonian companies, received 50 million euros in funding from the European Defense Fund at the end of April
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The European Defence Fund supports projects involving Estonian ICT companies with 365 million
In the latest round of applications from the European Defence Fund, sixteen international projects with the participation of Estonian ICT companies received funding, with a total of over 365 million euros allocated from the fund.
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European Defence Fund summary 2024
The Commission will invest close to €1 billion in 62 new EDF projects, bringing total EU funding for collaborative defence R&D to over €4 billion since 2021.
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Technologies for Existing and Future Main Battle Tanks project officially launched
The European Commission-funded Technologies for Existing and Future Main Battle Tanks (FMBTech) project has been officially launched, Thales, which is co-ordinating the effort, announced on 22 April 2025
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EU budget set for defence-related boost under new regulation
Under a new Regulation to stimulate defence-related investments within the EU budget proposed today by the Commission, the EU will strengthen its defence Readiness 2030 and to implement the ReArm Europe plan.
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Thales-led EISNET consortium by EDF to enhance European air defence
Under a European Defence Fund (EDF) initiative, Thales is to co-ordinate the European Interactive Sensor-Based Dynamic Defence Network (EISNET) consortium, involving 23 partners from industry, research centres and universities from 12 EU member states
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Increased Investment and Focus on Defense Tech Startups in EU
It's obvious that there's a significant increase in investment flowing into European defense tech startups. Here's a breakdown of the sources and key factors driving this trend