March 21, 2023

Appointment of Klaus Hommels as Chair of the NATO Innovation Fund

The first multi-sovereign venture fund was announced last year following an agreement at the Madrid Summit by 22 member states.

The fund has earmarked 1 billion euros to invest in early-stage start-ups and venture capital funds that are working on dual-use emerging technologies of priority to NATO. These technologies include AI, big-data processing, quantum computing, biotechnology, novel materials, energy, propulsion, and space.

The fund will assist NATO in preserving its technological advantage and cementing its role as a global leader in technological innovation. This appointment reinforces Lakestar’s vision to bolster innovation and secure technological sovereignty in Europe, a vision Klaus has championed for a long time. His appointment will not alter Lakestar’s investment approach and sector theses.

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As the importance of technology in all parts of our lives increases so does the need for digital and technology sovereignty. The NIF is the first multi-sovereign venture capital fund that will support emerging technologies and drive much needed innovation in areas touching the Alliance’s objectives. I am humbled to be part of this important initiative whilst continuing to support brilliant founders.

Klaus Hommels

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