Dutch deep tech fund for photonics startups reaches €75M after second close

PhotonVentures, a Dutch deep tech fund aiming to boost Europe’s photonics industry, has closed its second fundraising round with over €15mn — bringing its total capital to €75mn. The fund…

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Italy sets up €1B AI fund, mulls new penalties for the tech’s misuse

Backed by state lender Cassa Depositi e Prestiti (CDP), Italy is committing €1bn to AI development over the course of the next five years. Prime Minister Giorgia Meloni first announced…

Continue ReadingItaly sets up €1B AI fund, mulls new penalties for the tech’s misuse

Ukraine launches defence tech accelerator amid sector-wide boom

Ukraine has launched a defence tech accelerator programme for new startups aiming to deliver innovative solutions for military applications. The Defence Builder Accelerator is a four-month-long training programme, which will…

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Finnish startup Basemark secures €22M to make driving safer with AR

Helsinki-headquartered Basemark has raised €22mn to bring its augmented reality (AR) “toolkit” to automakers across the globe. Basemark’s software, dubbed Rocksolid AR, is an AI-based computer vision system that enables…

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The race is on to commercialise fusion energy. Europe could lead the charge

The unimaginably complex task of creating, containing, and commercialising fusion energy is undoubtedly one of the greatest scientific endeavours of our time.  Since the 1950s, hoards of the world’s top…

Continue ReadingThe race is on to commercialise fusion energy. Europe could lead the charge