Canada remains on the sidelines of a US$1-billion NATO venture capital fund aimed at backing next-generation defence technology, The Logic has confirmed, despite the federal government’s promise to join the effort one year ago.
Launched in 2022, the 24-member NATO Innovation Fund (NIF) invests in companies developing defence-related technologies in areas like quantum computing, AI and hypersonic systems. The Liberal government under Justin Trudeau had said it would join the fund, and in April 2024 said it had allocated $107 million to NIF over 20 years as part of its “renewed vision for Canada’s defence.”
If it doesn’t involve Trannies they won’t bother.
