Guarantee covering up to 70% of the equity investment; optional EIFO loan financing up to 70% of the investment; minimum investment DKK 1 million for at least a 10% stake
About the programme
State-backed scheme launched in April 2025 that de-risks Danish equity investments into Ukraine's defence and security industry. EIFO guarantees up to 70% of the subscribed capital or share purchase price for up to seven years, and can additionally lend up to 70% of the investment amount for the same term. Applications are processed on a rolling basis; the first guarantee and matching loan, backing a EUR 1.6 million investment in a Ukrainian counter-drone electronics company, was issued in October 2025.
Why it matters
Makes joint ventures and acquisitions in Ukraine's battle-tested defence sector financially viable for Danish companies. Relevant for any Danish defence firm seeking Ukrainian technology, production or market access.
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.
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.
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.
LoansDefenceDual-use
Working-capital loans from PLN 0.8 million (up to PLN 8.6 million with InvestEU guarantee for SMEs); larger investment and restructuring loans negotiated individuallySee programme