EUROPEAN DEFENCE FUND
The European Defence Fund (EDF) is a new initiative that supports the whole cycle of collaborative defence products and technologies development. Through the Fund, funding from the EU budget will be made available for collaborative research and development (including in particular prototyping) projects, while practical support will be provided for joint defence equipment and technology acquisition by Member States.
A critical element of the Fund is that it incentivises Member States to cooperate and spend money more effectively on defence through supplementing national investments in joint defence-oriented research and development projects. It also recognises the importance of fostering the cross-border participation of SMEs in view of their crucial contribution to Europe's defence sector. This is why the Fund will ensure maximum possible opportunities for companies of all sizes and from all Member States to participate.
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