EU backs Dutch scaleup Lumicks to fast-track discovery of cancer treatments

Oct11
by on October 11, 2024 at 11:36 am
Posted In: Uncategorized


Amsterdam-based scaleup Lumicks has secured €20mn from the European Investment Bank (EIB) to accelerate the discovery of immunotherapy drugs for cancer.  The venture debt funding will help Lumicks further develop and market its cell avidity analyser, a machine with the potential to transform the way researchers study and develop treatments for Europe’s second most deadly disease.  Lumicks’ tech allows scientists to gather real-time data on the bonds between immune cells and cancer cells. Unlike traditional methods, which rely on indirect biomarkers, the analyser precisely measures the actual strength and duration of those interactions directly and in real time. This is…

This story continues at The Next Web

└ Tags: , , , , , , , , ,
 Comment 

TNW Conference 2025 theme spotlight: AI and Deeptech

Oct10
by on October 10, 2024 at 5:12 pm
Posted In: Insider


Debates about AI are everywhere these days. Families are chatting about its impacts on their lives. Politicians are deliberating over the laws that oversee it. Workers are talking about the risks of job automation. Entrepreneurs are chewing over the business opportunities. And the tech world is discussing what everyone else will be discussing next. Unfortunately, these conversations have also attracted countless scoundrels. They join the chat with wild promises and heavy doses of AI snake oil. But behind their breathless hype, remarkable innovations are emerging. Don’t believe me? Well, just take a look at this week’s Nobel Prize winners.  On…

This story continues at The Next Web

└ Tags: , , , , , , , , , , , , ,
 Comment 

Norwegian startup Muybridge emerges from stealth to ‘reinvent’ the camera

Oct10
by on October 10, 2024 at 2:55 pm
Posted In: Uncategorized


Deep tech startup Mybridge has emerged from the shadows with an €8mn investment to fuel its objective — to revolutionise the way we take photos. Founded by Håkon Espeland and Anders Tomren in 2020, Muybridge has spent the last four years developing real-time computer vision technology that uses software to replace most of the moving parts found in traditional cameras. “Muybridge is one of those rare companies that has managed to combine enabling technologies in a way that opens a new paradigm,” said Filip Petersson, partner at Scandinavian VC Fairpoint Capital, the lead investor in the funding round.   Muybridge’s co-founder…

This story continues at The Next Web

└ Tags: , , , , , , ,
 Comment 

OpenAI deepens European footprint with new hubs in Paris, Brussels

Oct09
by on October 9, 2024 at 9:32 am
Posted In: Insider


OpenAI is opening new offices in Paris and Brussels as the ChatGPT maker accelerates its global expansion plans. The new sites increase the company’s European presence to four offices. They join London, which began OpenAI’s international expansion in 2023, and Dublin, which became the firm’s first EU base a few months later. Alongside the European hubs, OpenAI is also launching new offices in New York City, Seattle, Paris, Brussels, and Singapore. Job openings at all the sites will be listed here. For OpenAI, the European locations offer diverse attractions. The company has praised London for its “vibrant technology ecosystem” and “exceptional…

This story continues at The Next Web

└ Tags: , , , , , , , , , , , , ,
 Comment 

European Investment Bank crafts new funding plan to keep startups in the EU

Oct08
by on October 8, 2024 at 2:29 pm
Posted In: Uncategorized


The European Investment Bank (EIB) is considering new measures to help close the funding gap for European startups and prevent them from relocating across the Atlantic. During a meeting with EU finance ministers yesterday in Luxembourg, the EIB proposed its “Action Plan” that aims to boost Europe’s capital markets, investments, and competitiveness. A key pillar of the plan is to increase support for the EU’s venture capital and private equity markets to enable the scaling up of innovative startups and unicorns. This includes three different measures, starting with the extension of the European Tech Champions Initiative (ETCI). Launched in 2023,…

This story continues at The Next Web

└ Tags: , , , , , , ,
 Comment