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NATO launches one bln Euro Innovation Fund

NATO signs 1 billion euro Innovation Fund
NATO signs 1 billion euro Innovation Fund
BRUSSELS, Oct 22 (KUNA) -- NATO on Friday launched an Innovation Fund to invest in cutting-edge technologies, NATO Secretary General Jens Stoltenberg told a press conference at the end of a two-day meeting of defence ministers of the 30-member alliance in Brussels.
"I expect this fund to invest one billion Euros (USD 1.1 billion) with innovators across the Alliance working on emerging and disruptive technologies. New technologies are reshaping our world and our security," he said.
NATOآ’s new Innovation Fund will ensure Allies do not miss out on the latest technology and capabilities that will be critical to our security, he said.
Further, Stoltenberg announced that NATO is creating a Defence Innovation Accelerator for the North Atlantic, DIANA, which will provide a network of technology test centres and accelerator sites to better harness civilian innovation for security.
NATO Defence Ministers also agreed the Allianceآ’s first Artificial Intelligence strategy, which includes standards of responsible use of Al, in accordance with international law.
They also met with NATOآ’s close partners Finland, Sweden and the European Union today to discuss global challenges and how to further strengthen our cooperation.
"NATO-EU cooperation has already reached unprecedented levels. In cyber space, we exchange information on threats and vulnerabilities in real time. I look forward to a new joint declaration on NATO-EU relations," added the NATO chief. (end) nk.hs