INVESTING IN SECURITY: STIMULATING INNOVATION ROUND TABLE SERIES Brussels, ATA HQ, 19 April 2017
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