This was reported by the AIN foundation.
For the first wave of investments, $2 million is planned to be allocated. As of December this year, the fund has almost completely closed the acceptance of confirmations from investors ready to finance. The official launch of the program will take place on January 1, 2025.
Oppenheimer Acceleration is based in Silicon Valley. The fund's goal is to invest in Seed and Early Stage startups that are working on innovations for defense and civilian security.
The mission of the fund is to support startups capable of transforming traditional methods in the military sector and implementing innovative dual-use technologies.
The fund was established and is managed by Network.VC, a company that has been actively involved in venture capital investment in Silicon Valley for over 10 years.