UK startup Pact opens factory to grow skin-like leather alternative


UK startup Pact has raised £9mn in funding and opened a new factory to scale up the “world’s first” sustainable and scalable biomaterial made from collagen — the primary building block of your skin. The material

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Spain’s tech sector offers a view into Draghi’s ‘Innovation Gap crisis’


This month, the European Commission published Mario Draghi’s long-awaited EU competitiveness report. Its key finding? The EU must overcome the innovation gap to prevent economic slowdown. According to the report, only four out of the 50 leading tech companies

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Arm: AI will turn smartphones into ‘proactive assistants’


Arm wants to upgrade the brains inside our devices. The chip designer — whose architectures power 99% of smartphones — envisions AI bringing a new wave of breakthroughs to our handsets. The company outlined this plan after the release of Llama 3.2 — Meta’s first ope

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Dutch neobank bunq launches stock trading ‘tailored to digital nomads’


Bunq has become the latest fintech to enter the crowded European stock trading market. The Amsterdam-based neobank yesterday announced its new Stocks product, which it claims is “tailored to digital nomads.” The Dutch bank already provides in-app portfolio inv

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TNW Podcast: The future of Northvolt, underwater Wi-Fi, and power-hungry data centres


Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Linnea

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Ecodesign for Sustainable Products Regulation (ESPR): The EU mandate set to shake up sustainability in the tech sector


As part of the EU’s drive to become the first climate-neutral region globally by

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Nebius launches AI data centre in Paris as part of $1B European investment plan


Nebius today announced the launch of a new data centre in Paris — among the first

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ESA’s new ‘Moon on Earth’ can launch a ‘European renaissance’ in spacetech


A new recreation of the Moon on Earth has sparked hopes of a “European renaissance” in space. Known as LUNA, the futuristic facility was inaugurated today in Cologne, Germany. The ceremony showcased several striking features, from a 700-square-metre replica o

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VC investment in European defence tech to hit record $1B in 2024, report finds


Following a five-fold growth since 2018, VC investment in Europe’s defence tech is set to hit a record year in 2024, as it’s on course to reach $1bn. According to a new Dealroom report, Europe is now at the heart of an investment surge, as governments turn to

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London, Paris, Amsterdam are the leading VC ecosystems in Europe, report finds


London, Paris, Amsterdam, and Berlin are the leading VC ecosystems in Europe, but the region is significantly lagging behind the US and Asia. That’s according to the latest report by PitchBook analysts, who ranked global VC ecosystems based on their developm

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