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…

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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…

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Carpooling rebounds as BlaBlaCar raises €100M and reaches profitability

Carpooling’s resurgence continued today as France’s BlaBlaCar reached two big new milestones. The Paris-based trip-sharing service has raised a €100mn credit line and hit profitability over the last 24 months…

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Cosmic rays, XR, and ‘multiverse’ quantum computing — welcome to EIC’s deeptech Scaling Club

“Do you believe in the multiverse?” our petite and cheerful guide Angelina asked me when I told her what I do for a living, while navigating the rambunctious street’s of…

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