National · Lithuania · Lithuanian Ministry of National Defence via ILTE (national development bank, ex-INVEGA); managed by ScaleWolf
MILInvest is Lithuania's first venture capital instrument dedicated to the strategic defence and security sector, funded from the state Defence Investment Fund and implemented through the ScaleWolf Accelerator and ScaleWolf VC funds selected by INVEGA/ILTE. It combines a pre-acceleration programme for team and idea formation with mentorship, acceleration and equity investment for dual-use startups aligned with NATO capability gaps. Portfolio deals range from about EUR 100,000 to EUR 10 million rounds.
It is the established equity-plus-acceleration on-ramp into the Lithuanian defence ecosystem, with Ukrainian battlefield testing feedback loops baked into its model. Successor instrument MILInvest 2 (EUR 40 million) will multiply this capacity from late 2026.
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.