2024年北欧国防技术报告

Key Figures Introduction Growing geopolitical tensions and rapid tech advancements underscorethe importance of dual-use technologies in shaping Europeʼs and theNordics' defence landscapes. These technologies, spanning civilian and $3.7BEnterprise Value ofDefence & Dual-usestartups The global defence market is projected to reach$2.6 trillion by 2030,withquantum computing and space techplaying key roles. Quantumpromises breakthroughs in encryption and cybersecurity, while spacetechnologies are essential for intelligence and surveillance. Theseinnovations drive progress not only in defence but also in civilian sectors 76%Share of Defence &Dual Tech VC fundinggoing to Space andQuantum since 2019 130+Defence & Dual-usestartupsin the Nordics The recent Nordic Defence Conference emphasized the urgency ofinvesting in dual-use tech to sustain competitive advantage in both civil This report delves into dual-use tech investment across the Nordics andEurope, exploring how innovations in quantum and space tech are The Nordics have lagged behind EU average in defence capabilities*. All are nowstrongly boosting defence spending, and as of March 2024, all have NATO membership. Nordic countries announced ramp-up of defence plans Denmarkplans to raise defence spending to 2.4% of GDP in 2024,exceeding NATOʼs 2% target. This $26 billion, decade-long plan includesmajor investments in cyber defence, military intelligence, and Sweden, the latest Nordic country to join NATO, aims to reach 2.6% ofGDP by 2030. Already, Sweden has doubled its defence budget since2020, allocating around $11 billion in 2024 to meet NATOʼs 2% GDP Norwayannounced a “historic boost” in defence spending, with plans todouble its budget over the next 12 years by adding €51 billion. Thisincrease will support an expanded industrial base and armed forces, Finland, following NATO accession in 2023, will allocate 2.3% of GDP(around €6 billion) to defence in 2024, with a focus on reinforcing border Defence terminology. Defence Core company focus are technologies applied for military use. Examples of Nordic startups: Dual-use tech Any startups developing technologies,products or services with disclosedorclear potentialapplication in Defence applications Companies working on different segments and one application is defence. Examples: quantum technologies,space tech, etc. Examples of Nordic startups: 130+ Nordics Defence Tech & Dual-use startups 1The rise of defence and dual use tech 2Ecosystem today3Industry perspectives The defence anddual-use techecosystem in theNordics is now VC Investment in defence & dual-use tech continues to fluctuate yet is on anupward trend, with funding hitting its peak in 2022 at $369M. VC investments have largely favored manufacturing & hardware, with 64% of nordic startupsremaining in deep tech, indicating a focus on long-term innovation over short-term deployment. Most VC investment in the Nordics has gone towards space and quantum, while the Nordics lagbehind European average when it comes to core defence tech. The Nordicsare among theleadingEuropeanecosystems for 1The rise of defence and dual use tech 2Ecosystem today 3Industry perspectives The leading dual-use tech sectorsin the Nordicsinclude quantum Select top rounds by Space Techstartups in the Nordics since 2023. Finland and Denmark are leaders forQuantum investment in Europe. Select top rounds by Quantumstartups in the Nordics since 2023. Where are Nordics defencestartups based? Helsinki, Stockholm, Copenhagen, Aalborg, Trondheimand Oslo host most defence tech, space and quantumstartups. Finlandshows a very strong centralization in Helsinki,while Denmark, Sweden and Norway have multiple hubs. InDenmark, Aalborg and Copenhagen emerge as keyhubs. Aalborg hosts notable activity thanks to the AalborgUniversity (AAU), and the presence of mature defenceindustry players and army outposts. Odense also shows InSweden, Stockholm is the main hub, followed byUppsala, Gothenburg, Luleå and Malmo & Lund. InNorway, Trondheim follows Oslo to host notableactivity in maritime technologies coming from offshore Icelandis concentrated in Reykjavík. European Defence Fundin a snapshot. 10%Share of total EDF grantsgoing to the Nordics since2021 perceived as high-techcountries with many qualifiedentities in the defence sector– many of those participate in The European Defence Fund (EDF) supportsentities across EU Member States and Norway to Over 50% of early-stage VC funding comes from Nordics investors, but fall to lessthan a quarter at growth stage, where the US claims over 20%. 3Industry Perspectives To shed light on the perception and sentiment of the Nordic VC community,8 VCs from Sweden, Finland, and Denmark share their insights. The growing value of defence tech investments From being a low interest area for VCs, Defence and Dual-use is recognised as a necessity and driver of rapid innovation - creating a significantshift in perception of N