Roundtable Series – Investing in Security: Stimulating innovation
Following the Warsaw Summit, NATO Allies continued their commitment to raise defense expenditures to meet NATO’s 2% + 20% Guidelines within a decade. As of February 2017, NATO Allies have increased their defense expenditures by 3.8%, equating to more than $10 billion USD, although much work remains to be done, particularly regarding innovation in the defense sector.
With the EU Global Strategy released in June 2016 indicating a need for stronger coordination with NATO to address the growing deficit of total equipment spending in collaborative procurement among EU & NATO members, future guidelines for defence investment and innovation require a stronger engagement on the part of international organizations to gather key policymakers, military officials, industry representatives and SME’s to determine how to meet the current defence needs of the Euro-Atlantic.
a) To bring together industry, SME’s, military officials and policy makers to discuss how to better coordinate investments in innovation with an emphasis towards creating a faster process of acquisition and procurement;
b) To pool innovative practices on research and development and procurement;
c) Stimulate a greater engagement between NATO & SME’s within the context of TADIC.
The agenda of the event was as follows:
12.55 WELCOME ADDRESS
Mr. Jason WISEMAN
Secretary General, Atlantic Treaty Association
13.00 SPECIAL ADDRESS
Mr. Joe FLUET
Chief Executive Officer, MAG
13.10 TOPIC OF DISCUSSION
NATO reaffirmed the importance of improving its defence capabilities with an emphasis on innovation. In 2016, NATO defence investment rose 3.8% equating to more than $10 billion USD, a trend which is expected to continue. Similarly, the European Union’s Global Strategy proposed €90 million EUR over the next 3 years for research and technology. As research and procurement budgets continue to increase, organizations like NATO and the EU must expand their cooperation with industry beyond the traditional defense sector while encouraging engagement with small and medium enterprises to stimulate greater innovation and maximize the efficiency of Euro-Atlantic defence spending.
Panelists will discuss an exchange of best practices that will address challenges, and explore opportunities for a stronger engagement with SMEs beyond the traditional defense sector with the aim to bringing innovative solutions to Allied capabilities. These discussions will yield policy recommendations for a more collaborative smart defence strategy.
Mr. Brooks TIGNER
Chief Policy Analyst, SECURITY EUROPE
Mr. Ernest J HEROLD
Deputy Assistant Secretary General, NATO Defence Investment Division
Mr. Patrick FESQUET
Director of Procurement, NATO Support and Procurement Agency
13.45 Q/A SESSION