The Defence Fund invests directly in innovative technology companies and growth companies in the traditional economy that are developing a technology or product relevant to defence or security.
The state acquires a minority holding of up to 49% in the company; the investment ranges from €0.5 million to €10 million per company; the investment is made with a private investor on market terms (minimum private investor funding is 30% of the project); the investment is made in companies established in Estonia and other NATO member countries (if it creates added value for the Estonian economy).
