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European VC fundraising on pace for lowest total since 2015, study finds

Apr18
by on April 18, 2023 at 3:59 pm
Posted In: Uncategorized


It’s been a tough start to the year for tech investments. According to a new report, European VC fundraising is on pace for its lowest annual total since 2015. Research by PitchBook, a financial data firm, found that European VC funds raised over €20bn in each of the past four years — but only €3.4bn in Q1 2023. Total VC deal value fell 32% quarter-over-quarter (QoQ) to €11.8bn. Deal count, meanwhile, dropped 19%. Pitchbook called the quarter “the first substantial decline” from the pace set in the past four years. “The VC ecosystem could finally be displaying the effects of…

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EU backs 100+ women-founded deep tech startups

Apr17
by on April 17, 2023 at 3:26 pm
Posted In: Uncategorized


The European Commission has announced the results of the second round of Women TechEU — a programme designed to help women-founded deep tech startups scale.   The round, which has a budget of €10m, saw applications from 467 women-founded deep tech startups from across Europe, 134 of which have been selected to participate. It follows on from a successful pilot in 2021 which featured 50 startups. The startups selected for the second round will now each receive an individual grant of €75,000. The female founders will also be offered mentoring and coaching under the European Innovation Council (EIC) Women Leadership Programme,…

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Europe’s Juice space mission blasts off towards Jupiter

Apr14
by on April 14, 2023 at 2:19 pm
Posted In: Insider


The ESA’s Jupiter Icy Moons Explorer mission — ‘Juice’ — successfully launched today from Europe’s spaceport in Kourou, French Guiana.     The launch was supposed to take place yesterday but was postponed due to poor weather conditions.  Today, the stars aligned and Juice was successfully blasted into orbit at approximately 14:19 CEST. It took only two minutes for the Ariane 5 rocket to transport Juice into space, shortly after which it separated from the satellite, which now begins its 8-year journey to Jupiter.   Juice will make the 6.6 billion km trip to study three of Jupiter’s 92 known moons: Ganymede,…

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Ireland’s Neuromod gets €30M to increase reach of tinnitus treatment tech

Apr14
by on April 14, 2023 at 1:00 pm
Posted In: Insider


Anyone who has ever experienced phantom ringing in their ears knows that it is a nuisance to say the least. Those who have tinnitus – hearing continuous ringing, buzzing, humming or even roaring sounds – often experience anxiety and depression as a result.  The condition affects approximately 15% of the global adult population. However, treatment has remained elusive, with those afflicted left to find their own ad hoc mitigation solutions.  Neuromod, a medtech startup from Ireland, is looking to change that. The company has just received €30 million in funding to further commercialise its tinnitus treatment device, Lenire.  A different…

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Germany and Intel in funding dispute over €17bn chip plant

Apr14
by on April 14, 2023 at 12:03 pm
Posted In: Uncategorized


Intel’s plan to construct a massive chip plant in Magdeburg, Germany, is arguably the centrepiece of the EU’s strategy to ramp up domestic production of semiconductors.  But cash flow has proven to be a major stumbling block for the mega-project. Intel attributes this to rising costs, partly a result of Russia’s invasion of Ukraine.  To close the funding gap, last month, the US semiconductor giant requested an additional €4-5 billion euros in subsidies to construct the plant. But German officials want Intel to meet them in the middle — they will consider boosting subsidies, but only if the company is…

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