Climate Insider Brief:
- NATO has expanded its scope by initiating DIANA, its first business accelerator program, aimed at climate technology startups.
- With a focus on venture capitalism, DIANA seeks to address climate-related security concerns through innovation.
- Launched in 2023 with a budget of Euros 1 billion sourced from NATO member countries, DIANA aims to invest in technologies enhancing energy resilience and mitigating security threats intensified by climate change.
PRESS RELEASE – March 26, 2024 – NATO has ventured into a new domain and has launched its first business accelerator program mainly for climate technology startups, under its NATO Investment Fund. The new initiative, known as the Defense Innovation Accelerator for the North Atlantic or DIANA, signifies NATO’s foray into venture capitalism, with a focus on addressing climate-related security concerns.
Launched in 2023 with a purse of Euros 1 billion which has been sourced from NATO’s member countries, DIANA was set up to invest in technology that enhances energy resilience and addresses security threats exacerbated by climate change.
This move reflects the need for NATO to innovate or invest in new tech in the face of evolving geopolitical challenges, including the recent conflict in Ukraine.
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SOURCE: Firstpost
Featured Image: Credit: NATO
