
France committed another €13bn through the Tibi programme, which directs insurers and pension funds into venture and growth funds. The third phase, announced at VivaTech, targets €15bn by 2030 and now includes state-linked investors like SNCF and defence firms. Half the new funding is earmarked for deeptech, and the scope expands to pan-European funds.
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Summary by ByteBrief
BAE Systems invests €50M in European defence startups