Pak Sahafat – In the wake of Russia’s invasion of Ukraine and despite the sharp reduction in the amount of investment in start-up companies, European technology companies contracting with the defense industry have attracted unprecedented investment.
According to Pak Sahafat News Agency, The Bloomberg website, quoting the report of Pitchbook, a data provider of start-up companies, wrote that last year’s investment in the aerospace and defense industries reached a historical high of approximately 780 million euros.
According to this media, European defense startups suffered from a sharp decrease in investment in technology, one of the reasons for which is the war between Russia and Ukraine. With the increase in interest rates and inflation at the beginning of 2022, the fountain of investment that was flowing during the Corona pandemic has dried up for many start-ups.
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However, the field of aerospace and defense technologies is an exception and despite the general decrease in investment in other fields, they continued to attract it.
European countries have increased their defense budgets since the beginning of the war. Germany, which had limited the budget of its armed forces for decades, announced new commitments on the defense budget and allocated 10 billion euros for the purchase of 35 F-35 fighter jets.
In April, shortly after the Russian invasion, NATO launched the “Defense Innovation Accelerator” program, under which it will invest 1 billion euros in start-ups and other high-tech funds aligned with the bloc’s strategic goals.
Last year, the European Union Defense Fund allocated one billion and 200 million euros to 61 defense research and development projects.