Round Table Series | Investing in Security: Stimultaing Innovation

Round Table Series

INVESTING IN SECURITY:
STIMULATING INNOVATION

Brussels, ATA Headquarters, 19 April 2017 

Organized by
ATLANTIC TREATY ASSOCIATION
In cooperation with
NATO DEFENCE INVESTMENT DIVISION
Sponsored by
MAG Aerospace

Photo Gallery

FRAMEWORK
Following the Warsaw Summit, NATO Allies continued their commitment to raise defense expenditures to meet NATO’s 2% + 20% Guidelines within a decade and reaffirmed the importance of improving its defence capabilities with an emphasis on innovation. As of February 2017, NATO Allies have increased their defense expenditures by 3.8%, equating to more than $10 billion USD, although much work remains to be done, particularly regarding innovation in the defense sector.

Similarly, the European Union’s Global Strategy proposed €90 million EUR over the next 3 years for research and technology. As research and procurement budgets continue to increase, organizations like NATO and the EU must expand their cooperation with industry beyond the traditional defense sector while encouraging engagement with small and medium enterprises to stimulate greater innovation and maximize the efficiency of Euro-Atlantic defence spending.

GOALS

This first Round Table addressed the need for greater cooperation among NATO, NATO Support & Procurement Agency (NSPA), Defence Industries and Small and Medium Enterprises (SMEs) to stimulate more innovation and maximize the efficiency of the Euro-Atlantic defence spending.

These Round Table Series on Defence Spending were launched to create a unique environment where representatives can address challenges and explore opportunities for a stronger engagement. The goals of the 2017 edition is to discuss how to better coordinate investments in innovation with an emphasis towards creating a faster process of acquisition and procurement, pool innovative practices on research and development, and stimulate stronger cooperation.

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The Atlantic Treaty Association (ATA) is an organization of 37 national chapters that, since 1954 has been conducting analyses, training, education, and information activities on foreign affairs and security issues relevant to the Atlantic Alliance. ATA draws together political leaders, diplomats, civilian and military officers, academics, economic actors as well as young professionals and students in an effort to further the values set forth in the North Atlantic Treaty.