With €100 million provided by the French Ministry of Defense, Definvest combines the complementary expertise of the French Defense Procurement Agency (DGA) and Bpifrance. As an extension of the SME support mechanisms already deployed by the DGA, the fund aims to take equity stakes in strategic Defense Industrial and Technology Base (DITB) SMEs, alongside financial and industrial investors, to enable them to develop independently.
The French Defense Procurement Agency (DGA) is an expert testing and engineering arm of the French Ministry of Defense. The DGA’s mission is to equip armies in a sovereign manner, prepare the future of defense systems, promote European cooperation, and support exports. As the State’s largest buyer, in 2021 the DGA placed €23.5 billion of orders with industry and invested €1.404 billion in innovation and defense technology projects. With 18 sites in France, its 10,000 civilian and military men and women (nearly 60% of whom are managers, engineers or experts) and its network of international collaborators, the DGA is involved in all areas of defense (land, naval and air combat, electronic communication and information systems, deterrence, space, cyber security, robotics, etc.).