EU Eyes New Fund to Boost Spending on Dual-Use Technologies
- New tool among options in draft paper to ramp up R&D
- Document, to be unveiled next week, seen by Bloomberg
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The European Union is considering creating a dedicated fund to boost the development of technologies that can serve both military and civil purposes as part of its effort to ensure the bloc’s economic security.
A draft document on the proposal, seen by Bloomberg, is one element of an economic security package to be unveiled next week. It’s part of a broader plan that focuses on critical technologies such as chips, AI, quantum computing and biotech — and the know-how and investments relating to them. The aims include ensuring they don’t end up in the wrong hands.