A NATO flag is seen at the Alliance headquarters ahead of a NATO Defence Ministers meeting in Brussels, Belgium, in this undated file photo. The Netherlands will house a new €1 billion $1.07 billion NATO fund that will invest in European startups with potential military or defense applications. The Netherlands will house a new €1 billion $1.07 billion NATO fund that will invest in European startup companies that are developing technology with potential military or defense applications.
The Dutch Ministry of Economic Affairs said the fund, announced last year, will be officially launched during NATO's annual summit in July.
Housing this fund will make it easier for innovative Dutch start-ups to find their way to capital, stimulating solutions for societal and military problems, the ministry said.
The alliance said last year that the multinational fund is meant to bring together governments, the private sector and academia to bolster NATO's technological edge.