EU defence start-ups face funding and bureaucracy traps, MEPs warn
European defence start-ups and small and medium-sized businesses are facing two major barriers as they try to bring new technologies into production, according to a report backed by more than 400 members of the European Parliament on Thursday. The report says companies can struggle first to move from development to proving military effectiveness, and then again to secure customers and first contracts. It argues that these gaps are slowing the path from innovation to deployment across the European defence sector.Latvian Green MEP Mārtiņš Staķis, the report's rapporteur, said small companies often invent strong new defence technologies but fail to reach... [Continue Reading]
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