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