The Netherlands has been selected as the headquarters of NATOs Innovation Fund (NIF) ina decision disclosedon Monday.

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As perMinister of Defence Kajsa Ollongren,More investment in high-tech is urgently needed.

NATO picks Netherlands for HQ of new €1B innovation fund

For example, we are working with our NATO allies to defend against new threats.

Accordingly, the Netherlands has pledged to contribute more than 55 million in the 15-year period.

The fund will be officially launched at NATOs next summit in Vilnius, Lithuania, in July.

Ioanna Lykiardopoulou

Story byIoanna Lykiardopoulou

Ioanna is a writer at TNW.

With a background in the humanities, she has a soft spot for social impact-enabling technologies.

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