Ukraine and France Launch $22M Defense Tech Fund

Deal Summary

Ukraine and France have jointly launched the BRAVE FRANCE defense tech fund, a €20 million ($22 million) initiative to support Ukrainian and French companies developing battlefield technologies. Backed by Ukraine’s BRAVE1 and France’s Defense Innovation Agency (AID), the fund will provide grants of up to €1 million for projects in missile systems, drones, and advanced air defense. The first call for proposals opens in September.