National · France · Ministère des Armées (DGA), managed by Bpifrance
Definvest was created in 2018 by the DGA and Bpifrance to secure the capital of companies strategic to French defence programmes and support their long-term development. Sized at €100 million since 2022, it co-invests €500,000 to €10 million per ticket and has invested roughly €70 million in 27 companies holding sovereign technologies. Its investment period has been extended to 20 years and fund life to 30 years.
Relevant if you are a strategic supplier in a French defence programme and need sovereignty-aligned capital or takeover protection rather than innovation funding. Slower and more strategic than the FID.
Danish Ministry of Defence / Danish Ministry of Defence Acquisition and Logistics Organisation (FMI/DALO)
The single largest pot of near-term Danish defence procurement money, with an explicit invitation for industry to propose what to buy. Speed to fielding is the main selection criterion.
German Federal Government (BMVg and BMI)
One of very few German vehicles paying companies directly for security and defence-relevant research, with multi-million-euro phased contracts. Procurement-law process means longer lead times; watch the partnering events.
Next deadline 6 Oct
Industrial Development Agency (Agencja Rozwoju Przemysłu S.A.), Polish state development agency
A flexible state lender willing to bank defence-industry companies that commercial banks often avoid, useful for contract financing and liquidity in scaling defence production. No fixed calls: financing is negotiated case by case.