Drone-makers, defence start-ups to get ‘rapid’ funding under EU plans
The EU put forward plans to fund start-ups developing drones and other defence innovations at “record speed” Wednesday, as the bloc races to rearm and boost its military sector.
The European Commission said it will make available 115 million euros ($133 million) to small and medium European defence companies under a new funding tool dubbed “Agile”.
The pilot aims to finance up to 30 projects from 2027, slashing grant-approval times to under four months to have new technologies ready for armed forces within three years, Brussels said.
