Your comprehensive guide to building successful Dual-use companies

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Inside you'll find:

Practical Insights for Dual-Use Tech Startups

Learn from 20+ industry experts across successful dual-use founders, MoDs, NATO and investors.

Market Opportunities & Challenges Explained

Understand how to navigate both commercial and government markets.

Funding & Support Programs Uncovered

Discover financing optionssupporting dual-use tech innovation.

Handbook by the numbers

69

pages of content

15+

support instruments for the founders

24

contributors from 7 countries

5

exit pathways

Table of contents

Executive summary

Definition of dual-use technologies

Developing dual-use technologies

Financing

Go-to-market strategies

Scaling dual-use company

Exit strategies

Conclusions

"The European perspective on dual-use innovation is also evolving rapidly. The Draghi report, recently published by the European Commission, represents a crucial wake-up call for Europe's defence and dual-use innovation. This isn't just another policy document – it's a recognition that Europe needs to fundamentally change its approach to defence innovation, entrepreneurship, and technological sovereignty.

Andrey Kolodyuk

Managing Partner, Seven Capital, Chairman of Ukrainian Venture Capital and Private Equity Association Supervisory Board

NAVIGATING DUAL-USE TECHNOLOGIES: A FOUNDER’S HANDBOOK TO OPPORTUNITIES AND CHALLENGES

Why you should use it

IT'S A ROADMAP FOR NAVIGATING THE WORLD OF DUAL-USE TECHNOLOGIES, WHERE INNOVATION MEETS NATIONAL SECURITY

Discover how to identify opportunities, build winning strategies, and secure funding for companies that cater to both civilian and military markets. Learn from successful founders and gain insights into scaling operations, managing stakeholders, and understanding the unique requirements of each sector.

YOU CAN MASTER GO-TO-MARKET STRATEGIES, PILOT PROGRAMS, AND INNOVATION TIMELINES TAILORED TO DUAL-USE TECHNOLOGIES.

Gain valuable knowledge on exiting your company, including identifying potential buyers, negotiating favorable terms, and maximizing your company's value. Equip yourself with the tools to thrive in this rapidly evolving and strategically important sector.

AUTHORS AND CONTRIBUTORS

Meet our dual-use experts

Marcin P.

Kowalik

General Partner

Balnord

Wojciech

Drewczyński

Operating Partner

Balnord

Jakub

Wernik

Fellow Resident

Casimir Pulaski Foundation

Małgorzata

Darowska

Research Fellow

Casimir Pulaski Foundation

Yuval

Ben-Itzhak

Partner

Evolution Equity Partners

Dr Greg Grzegorz

Lewicki

Vice President

International Society for the Comparative Study of Civilizations

Andrey

Kolodyuk

Managing Partner

Seven Capital

Jerome

Leclanche

Managing Partner

Seven Capital

Jacek

Strzelczyk

CEO

Satim

Col. Tomasz

Zaremba

Branch Head

Polish Ministry of National Defence

Hubert

Szczołek

Operating Partner

Balnord

Aleksander

Dobrzyniecki

General Partner

Balnord

Eliza

Kruczkowska

Director of the Innovation

Polish Development Fund

Rozalia

Urbanek

Investment Director

PFR Ventures

Mateusz

Rzymowski

CEO

Revobeam

Col. Michał

Żołnierowicz

Acting Deputy Director

Polish Ministry of National Defence

Margot

McDonnell

Venture Builder

Konsgberg Innovation

Prof. Łukasz

Kulas

Gdańsk University of Technology

Daniel

Biedermann

Investment Partner

NewSpace Capital

Lt Cdr (Ret) Tero

Vauraste

Senior Business Development Advisor

ICEYE

Jarek

Pilarczyk

Operating Partner

Balnord

Linas

Sargautis

Co-founder

Nanoavionics

Community Partners

About Balnord

We are the High Conviction first check investor backing founders from Poland & Baltics.

Balnord SARL, Luxembourg, 2562,

Place de Strasbourg 2