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30 Nov 2023

French Startups Excluded from Nato's €1bn Investment Fund

Nato's €1bn investment fund backed by 23 member states, [the NIF](https://www.nif.fund/), is short-listing companies for investments but excludes French startups since France opted out to focus on a domestic defence fund. This has caused surprise among French startups and VCs who see it as a missed opportunity to boost deeptech innovation, as investments are limited to the 23 participating member states. [Source](https://sifted.eu/articles/french-deeptechs-nato-fund)