1、Nordic defence tech report 2024 November Page/2 Source:Introduction$1B+VC investmentsince 2019Growing geopolitical tensions and rapid tech advancements underscore the importance of dual-use technologies in shaping Europes and the Nordics defence landscapes.These technologies,spanning civilian and mi

2、litary applications,are increasingly critical for national security,economic resilience,and technological leadership.The global defence market is projected to reach$2.6 trillion by 2030,with quantum computing and space tech playing key roles.Quantum promises breakthroughs in encryption and cybersecu

3、rity,while space technologies are essential for intelligence and surveillance.These innovations drive progress not only in defence but also in civilian sectors like telecommunications,energy,and healthcare.The recent Nordic Defence Conference emphasized the urgency of investing in dual-use tech to s

4、ustain competitive advantage in both civil and defence realms.This report delves into dual-use tech investment across the Nordics and Europe,exploring how innovations in quantum and space tech are reshaping the future of defence and beyond.Key Figures$3.7BEnterprise Value of Defence&Dual-use startup

5、s76%Share of Defence&Dual Tech VC funding going to Space and Quantum since 2019130+Defence&Dual-use startups in the NordicsDealroom.co Page/3 Source:ecfr.eu.*The index evaluates countries capabilities based on defence spending,troop deployments in joint missions,membership and contributions to milit

6、ary alliances,industrial cooperation,and military equipment.(June 2022)Denmark plans to raise defence spending to 2.4%of GDP in 2024,exceeding NATOs 2%target.This$26 billion,decade-long plan includes major investments in cyber defence,military intelligence,and conscription to modernize Denmarks mili