eu
Commission approves first wave of SAFE defence funding for eight EU states
The European Commission has approved the first wave of SAFE defence funding by endorsing national defence plans from eight Member States.
funding
Source of capital for the drone projects and companies reported, often categorizing European Union (EU) grants, defense-sector investments, venture capital or research.
eu
Commission signs grants to launch 62 EDF R&D projects for Defence Readiness 2030
The European Commission has begun signing grant agreements with industrial consortia to kickstart 62 collaborative R&D projects awarded under the 2024 European Defence Fund to advance Defence Readiness 2030 priorities.
funding
European Commission Launches New EDF Grant Agreements for Defence R&D
The European Commission has initiated a series of grant agreements under the European Defence Fund, awarding funding to 62 collaborative R&D projects aimed at enhancing Defence Readiness by 2030. This initiative underscores the EU's commitment to strengthening its defense capabilities.
EU - European Union
EU Industry Roundtable to Enhance Drone Collaboration
A new industry roundtable aims to foster strategic cooperation between the EU Commission and the defense sector, focusing on advancing drone capabilities. This initiative underscores the importance of collaboration in enhancing Europe's defense technology landscape.
Local Players
French startup Rift Secures €4.6M for European Aerial Intelligence Network
French startup Rift has successfully raised €4.6 million to develop a real-time drone surveillance network aimed at enhancing border security and monitoring critical infrastructure across Europe. The funding round was led by AlleyCorp, with additional support from OVNI Capital.
Local Players
German Quantum Systems Secures €180M to Enhance UAV Capabilities
Quantum Systems, Europe's leading dual-use UAV company, has successfully raised €180 million in an extension of its Series C funding round. This investment not only triples the company's valuation but also highlights the competitive landscape in which US and European firms are striving to develop ad
EU - European Union
EU Advances Dual-Use Research Funding Initiative
The European Parliament and Council are nearing an agreement to broaden the Horizon Europe program to include funding for dual-use projects, which can serve both civilian and military purposes.