As Britain, Europe and the world-at-large face global threats, increased investment in defence tech has to move beyond the legacy institutional names and towards cutting-edge startups, according to the head of Future Planet Capital.
Douglas Hansen-Luke is the founder and executive chairman of Future Planet Capital, a VC firm that, among other things, manages investment funds backed by the Ministry of Defence.
In an exclusive interview with UKTN, Hansen-Luke applauded what appears to be the end of “decades of underinvestment” in defence, championed in part by Chancellor Rachel Reeves who has made defence tech funding a priority amid the ongoing conflict in Ukraine.
However, the Future Planet Capital boss warned that this will be ineffective if public and private funds are directed towards entrenched industry titans….
