Post sponsored by NewzEngine.com

MIL OSI Translation. Government of the Republic of France statements from French to English –

Source: Republic of France Defense in FrenchFlorence Parly, Minister of the Armed Forces, this morning, Friday December 4, 2020, signed the letter of intent to create the Defense Innovation Fund (FID). This fund will be operated by BPI France. The FID will take stakes in innovative companies in the growth phase, start-ups, small and medium-sized enterprises (SMEs) and medium-sized enterprises (ETI) developing dual and transversal technologies of interest to the world of defense. The Ministry of the Armed Forces will contribute 200 million euros. The FID will also be able to reach 400 million euros by counting on the contribution of other investors (industrialists). It spans a period of six years.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

MIL Translation OSI