MITS Capital

?? The MITS Capital team was honored to be part of IDEX 2025, representing Ukraine at the joint national stand and showcasing cutting-edge defense technologies from our portfolio: TELETACTICA - Jamming-resistant modems and antennas for UAVs? Oko Camera - Thermal imaging cameras NORDA Dynamics - Autonomous Software for UVs Vidar Systems - Acoustic Weapon Locating System TENCORE LLC - Unmanned Ground Vehicles M-FLY - Laser Targeting System Why did MITS participate in IDEX 2025? ?? IDEX is the world's largest and most influential defense exhibition, bringing together key industry players and cutting-edge technologies. ?? It was a unique opportunity to explore the technological landscape and defense needs of Global South countries, identifying ways to integrate Ukrainian solutions that can enhance the industry. ??Scope for establishing new international partnerships. The Ukrainian pavilion stood out by showcasing battle-proven products—one of our key advantages. ?? We also congratulate one of our teams on signing two contracts during the exhibition! Proud of your achievements! We extend our gratitude to organizers of the Ukrainian stand for their excellent work in preparing the Ukrainian stand and fostering international collaboration. Together, we are strengthening Ukraine’s position in the global defense industry! ????

"It’s not about what Ukraine needs from NATO—it’s about what NATO needs from Ukraine." At the Danish Defence Annual Conference 2025, Perry Boyle, co-founder of MITS Capital, delivered a powerful message: NATO's best chance to remain competitive against global threats is investing in Ukraine’s domestic defense industry. The advantage in the next global war will depend on the ability to produce defense materiel cheaply and NATO can not do it, because it is a high-cost producer. ?? Why? Ukraine is the low-cost, high-innovation alternative to China in NATO defense supply chain, especially for drones. ?? A typical Ukrainian kamikadze drone costs up to 10 times cheaper than the ones produced in NATO.? ??? Ukraine has $25 trillion in critical minerals—many of which NATO currently sources from China. ??Ukraine has the only low cost defense industrial base in the Western World.? ?? A mere $10 billion investment can make Ukraine’s entire defense industrial base flourish and help NATO not to lose. “We have to stop treating Ukraine like a laboratory for NATO. We need to invest in its defense industry, scale up its production, and integrate it into NATO’s defense base.” Perry Boyle warns that unless NATO adapts, it will fall behind. China is already the low-cost leader in attritable drones and military tech—and that gap is only widening. Everyday. The solution? Ukraine. Time to act.

?? MITS Capital estimates that a $10 billion investment in Ukraine's defense industry could significantly change the battlefield. Ukraine's military technology sector is experiencing a transformational breakthrough, with a $10B investment poised to reshape not just its own security but also boost U.S. defense capabilities. Read more in this article from The New Voice of Ukraine: https://lnkd.in/eQ672NH4

?? Big News: Letter To The President Of The United States and Congress and Report on Ukraine's Defense Industry: America's Strategic Advantage! We are proud to announce the release of two transformative documents that highlight the importance of the U.S.-Ukraine defense tech partnership: ?? Letter to the U.S. President and Congress This letter underscores Ukraine's role as a frontline defender of global stability. It calls for U.S. investment in Ukraine's defense sector as the most cost-effective path to victory and highlights how this partnership can strengthen NATO's collective security, counter authoritarian aggression, and accelerate innovation in critical areas such as unmanned systems, cybersecurity, and advanced military technologies. ?? Report? Based on insights from the MITS Forum 2024, this report provides a strategic blueprint for: - Strengthening U.S. investments in Ukraine’s defense industry through tax incentives, joint R&D initiatives, and public-private partnerships. - Expanding Ukraine’s manufacturing capacity to meet NATO standards and integrate into global supply chains, reducing dependency on non-allied supply chains like China.? - Leveraging Ukraine’s defense innovations — such as drones and precision munitions — to enhance the resilience of democratic nations. ?? Why It Matters Supporting Ukraine's defense sector today is about more than immediate security; it's an investment in a stronger, more united global front against growing threats. By strengthening Ukraine's capabilities, this partnership not only drives innovation in defense technologies, but also strengthens international stability. Visit our website at https://lnkd.in/decgpdjv to read the full version of the documents. Prepared by MITS Capital in partnership with American University Kyiv.

?? Three weeks, 30 teams, $100,000 grant - it was an intense MITS x Victory Drones Defense Tech Bootcamp! We are proud of each of the program participants who are working to create innovative mil-tech solutions: from drones and ground systems to electronic warfare, intelligence, software, and AI. ?? 20 of the most promising defense tech startups received funding to further develop their innovations. This is an investment in the future of the Ukrainian defense industry. We would like to thank the lecturers, including Ярослав Ажнюк, co-founder of Petcube, The Fourth Law, and Odd Systems, Yulia Marushevska, Head of the Reforms Support Office in the Ministry of Defense, Kateryna Mykhalko, Executive Director of Tech Force in UA, Maksym Sokoliuk, CEO of Venator Technologies, Misha Rudominski, co-founder of Himera & Promin Aerospace, and others who shared their expertise and valuable experience with the Bootcamp participants. Special thanks to the American University Kyiv and the National University of Kyiv-Mohyla Academy Cultural and Arts Center for providing locations for offline lectures during the Bootcamp. Invest in technology - invest in victory! ???? ????

?? Congratulations to the 20 Defense Tech Bootcamp participants who received grants! MITS and Victory Drones selected 20 winning teams for their grant program to support defense startups. The winning teams will share $100,000. To highlight the success of the program, we held a joint closing event at the Ukrainian ?nstitute for the Future, where participants received their awards and networked in a casual setting. ?? "We are much more inventive than the enemy, but we have far fewer resources. That's why it's important to build intellectual engineering capital in all areas, to anticipate future needs, and to focus government resources on the areas that will be key in the future", said Maria Berlinska at the event. ?? "It was an honor to be on stage with Maria Berlinska to hand out awards to the bootcamp winners. MITS Capital is committed to investing in innovation in Ukraine’s defense technology. Congratulations to all the winners!", added Perry Boyle. A panel discussion on "War and Technology in 2025” was also held, moderated by Ihor Dvoretskyi, representing the Digital Transformation Directorate of the Ministry of Defense of Ukraine. Speakers included: ??Perry Boyle, Co-founder of MITS Capital and former Board Member of Point72, LP; ??Maria Berlinska, Head of the Victory Drones project and Co-founder of Dignitas CF; ??Anatoliy Amelin, Executive Director and Co-Founder of the Ukrainian Institute for the Future; ??Oleh Romanov, Senior Lieutenant and Commander of the Anti-Tank Battalion of the 3rd Separate Assault Brigade, 9th Army Corps, Ukrainian Ground Forces. Official Partners: American University Kyiv, Ukrainian American Coordinating Council. We thank our partners for their cooperation and congratulate all the graduates. We’re proud to be part of this community ???? ???? Photo: Egor Pogrebniak

?? MITS Capital and Victory Drones Announce Open Call for Defense Tech Bootcamp MITS x Victory Drones Defense Tech Bootcamp is an intensive three-week training program for 20 defense sector startups, aimed at addressing key challenges in the mil-tech sector: production organization, scaling, pitching, business communication, and investment attraction. ?? Upon completion of the program, participants will share a grant from MITS Capital of $100,000 ($5,000 per team). Official Partners: American University Kyiv, Ukrainian American Coordinating Council. Speakers: H. Perry Boyle, Jr. Boyle, Co-founder of MITS Capital, former member of the executive committee of the investment company Point 72; Maria Berlinska, Head of the project to strengthen the technological capabilities of the Security and Defense Forces of Ukraine at Victory Drones; Taras Shandura "Ajax", Deputy commander for armaments, Achilles UCAV Battalion, 92-nd assault brigade; Monique Brown, former regional director of international business development at LockheedMartin; Maksym Sokoliuk - Head of R&D, Venator Technologies; Yaroslav Azhnyuk, entrepreneur, Co-founder of "Petcube", "The Fourth Law" and "Odd Systems". ?? Teams with a proof of concept (PoC) working in the following categories can apply: ? Unmanned aerial vehicles; ? Unmanned ground vehicles; ? Unmanned underwater vehicles; ? Electronic warfare systems; ? Communications, optical, and acoustic intelligence systems; ? Mining/Demining; ? Software and AI; ? Ammunition. Submit your application to participate in the MITS x Victory Drones Defense Tech Bootcamp by November 24, 2024, following the link - https://lnkd.in/ekQqYcgR. The bootcamp is scheduled to start in early December. SLAVA UKRAINI!?

We summarize the key messages from the MITS Forum with a selection from Panel 5: U.S. Investments in Ukrainian Defense Tech - What Needs to Happen? ? Moderator: H. Perry Boyle, Jr., Co-founder of MITS Capital LLC, former member of the executive committee of Point72. ?? David Bonfili, MITS Supervisory Board member, Co-Founder of ACME General Corp and a former executive at BlackRock, Citadel, and TwoSigma:? "While significant capital has flowed to U.S. companies, government procurement processes remain slow and bureaucratic. But in Ukraine, startups, both domestic and international, have a unique opportunity to quickly secure contracts and generate revenue by addressing critical Ukrainian needs. The streamlined procurement process in Ukraine offers a significant advantage over other markets”. ?? Nataliia Kushnerska, Head of the Defence Tech Cluster at BRAVE1: "This year, we've significantly increased grant amounts, ranging from $10,000 to $200,000, to support critical, high-priority solutions for the frontline. BRAVE1 is now focused on funding R&D and innovation, rather than scaling existing solutions. Our platform currently hosts over 2,800 solutions, and we've awarded grants to approximately 400 of them, totaling more than $8 million." ?? Eveline Buchatskiy, Managing Partner at D3: "Initially, we envisioned a standardized approach to funding. However, we quickly realized that the dynamic and innovative nature of Ukraine's defense technology ecosystem demands a more flexible approach. While we initially allocated $125,000 per company, we now tailor our funding to each company's specific needs, with checks ranging from $50,000 to $750,000. As this ecosystem continues to evolve, we must adapt our funding strategy accordingly." ?? Kateryna Mykhalko, Executive director of a public union ?Tech Force in UA?: “To attract investment, the government should: Liberalize export regulations Implement market-based procurement reforms Prioritize domestic enterprises over imported products”. ?? Olena Petrosyuk, Partner at Waveup: “There are more people willing to take risks, to start their own business, to take a chance on their own lives, to build something big.? We live with so many risks that suddenly the risks of building a new product, of starting a business, are nothing. We definitely need support from the government level, from the ecosystems abroad, from investors and so on. But as individuals, we're here. We want to take risks. We want to take big steps”.

Following the MITS Forum, we have prepared a summary of the highlights of Panel 4: NATO and Ukraine's Strategic Importance - Who Benefits? Moderator: Stacie Pettyjohn, Senior Fellow and Director of the Defense Program at the Center for a New American Security (CNAS). ??Yulia Marushevska, Head of Reforms Support Office at the Ukrainian Ministry of Defense: "We are determined to modernize our defense sector. Even in the midst of active warfare, we are taking every possible step to ensure our survival. Our motivation is clear: NATO membership. We believe that Ukraine’s membership in NATO will not only end the war but also serve as a powerful deterrent for future aggression". ??Ernest (E.J.) Herold, MITS Supervisory Board member, former NATO Deputy Assistant Secretary General for Defense Investment: "Ukraine has already met or exceeded all the conditions for NATO membership. As the former Secretary-General emphasized, Ukraine’s membership offers significant political, economic, and social benefits to the Alliance. While the current conflict has raised concerns about potential provocations, these reservations are likely unfounded. My message to Ukraine is to persevere, and I am hopeful that the future will bring positive developments regarding NATO membership". ??Martin J?esaar, Programme Officer, European Commission Innovation Office in Kyiv: "We in Europe need to tap into Ukrainian expertise and knowledge of modern warfare. It's imperative to prepare for potential future conflicts. To achieve this, we must significantly increase our investments in defense cooperation". ??Denys Nikolayenko, Co-Founder and CEO, Oko Camera LLC:? "Navigating the complexities of the Wassenaar Arrangement was a significant challenge. However, by adhering to these international regulations from the outset, we've demonstrated our commitment to responsible business practices. Streamlining these regulations would facilitate smoother cooperation between Ukrainian and NATO companies, enabling faster information exchange and innovation".

MITS Capital has prepared key messages from the MITS Forum that were shared during the Forbes USA & Forbes Ukraine live interview with military experts. Moderators: Borys Davydenko, Chief Editor, Forbes Ukraine & Katya Soldak, Editorial director for Forbes Media's international editions (USA). Respondents: Anna Gvozdiar, Deputy Minister of Strategic Industries of Ukraine & Taras Shandura “Ajax”, Deputy Battalion Commander for Weapons, Achilles Strike Battalion of the 92nd Separate Mechanized Brigade. ??Borys Davydenko: Why should the Germans, French, Spaniards, etc. want to develop the Ukrainian military industry and economy, and not their own? ?? Taras Shandura “Ajax”: We found that many Western weapons were completely unprepared for this kind of war. I spent a long time as an artillery fire adjuster, and from my experience, the performance of Western artillery—things like the promised speed and accuracy—didn’t match reality at all. These systems are heavily reliant on GPS, which simply doesn’t work on the front lines. No matter how advanced, every GPS signal from our Western partners still gets jammed. It’s critical for manufacturers to get direct feedback from the units using their equipment, make improvements, return with an updated model, test it, gather feedback again, and keep repeating this cycle. ?? Anna Gvozdiar: We need to understand one thing: we’re not just fighting Russia; we’re fighting Russia and its allies. We’re seeing weapons in the enemy’s hands that are clearly not all made in Russia—we know this. So, we and our allies need to work together to build a robust defense system. It’s essential for Ukraine that our allies have powerful weapons too. This isn’t a competition; our people are dying on the front lines, and competition isn’t what we want. We want our partners’ defense industries to grow, because soon enough, we’ll likely be fighting side by side against a shared enemy. ??Katya Soldak: What support do you see from the US now? And what would you ideally like to see? ?? Taras Shandura “Ajax”: Everything hinges on quantity—we need a lot of everything, and we need it urgently. It’s essential to meet our needs from the ground up, not the top down. Sure, we need F-16s and missiles, but here we are, in the third year of the war, and our country still doesn’t have a factory producing explosives. This gap is deeply felt. Meeting basic needs comes first. At the core of any conflict is the infantry, and if their fundamental requirements aren’t met, then all the high-tech solutions—like laser blasters in space—won't make a difference. What we truly need are explosives, detonators, standard infantry weapons, mortar rounds, and artillery shells.