SecFund is a EUR 100 million security investment fund set up by the Dutch Ministry of Defence and managed by the Brabant Development Agency (BOM) together with the regional development agencies. It provides early-stage risk capital of EUR 150,000 up to EUR 5 million per company to Dutch startups, scale-ups and SMEs building dual-use technologies. In its first year the fund completed six investments alongside co-investors, with over 250 companies expressing interest.
Why it matters
It is the dedicated national equity instrument for Dutch dual-use companies that struggle to raise defence-adjacent venture capital, and it co-invests alongside private funds.
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