NACO is a public co-investment fund initiated by the Région Nouvelle-Aquitaine that backs startups and SMEs in Nouvelle-Aquitaine with equity financing, including seed-stage investments and development/transmission capital. It focuses on projects tied to economic, social and ecological transition, territorial revitalization, and sectors such as sustainability, CleanTech, HealthTech, deep tech and AI-enabled health technology. Investments can reach up to €3M per project.