The British tech sector can rest a little easier tonight after the UK arm of Silicon Valley Bank (SVB) was sold to HSBC for just £1. The intervention followed last week’s collapse of the subsidiary’s California-based parent company. The Bank of England (BoE) intervened over fears that mass withdrawals in the US would spread to the […]
Sale of SVB UK ‘minimises disruption to British tech,’ says Bank of England Leer más »
The EU Commission is extending the relaxation of state aid rules to prevent green tech firms from relocating abroad and enable the bloc’s transition to a net-zero economy. The rules around national subsidies had already been amended in 2022 as a response to Russia’s war on Ukraine, seeking to enable member states to more easily
EU extends crisis state aid rules to prevent green tech firms from leaving Leer más »
Story by Ioanna Lykiardopoulou Ioanna is a writer at SHIFT. She likes the transition from old to modern, and she’s all about shifting perspectives. Ioanna is a writer at SHIFT. She likes the transition from old to modern, and she’s all about shifting perspectives. Under the Chips Act, the EU is seeking to end its
Intel wants another €5BN in subsidies to build chip plant in Germany Leer más »
No one may fully understand quantum computing yet, but one thing is clear — the expectations are high. And where there are high expectations, there’s money. Both private and public funding for European quantum technologies has grown notably over the last few years. In 2021, private funding to quantum startups increased by 2.5x compared to
Opinion: Europe is throwing billions at quantum computers. Will it pay off? Leer más »
Story by Ioanna Lykiardopoulou Ioanna is a writer at SHIFT. She likes the transition from old to modern, and she’s all about shifting perspectives. Ioanna is a writer at SHIFT. She likes the transition from old to modern, and she’s all about shifting perspectives. The European Commission has launched a new €7.5 million grant scheme
€7.5M EU scheme aims to help Ukrainian SMEs benefit from the single market Leer más »
Rishi Sunak has enraged British scientists after dimming hopes of rejoining the EU’s Horizon programme. Prospects of reentering the €96 billion research scheme had grown after a new Brexit deal for Northern Ireland was struck on Monday. European Commission president Ursula von der Leyen described the agreement as “good news” for scientists and researchers. She said
Sunak branded ‘unspeakably idiotic’ for impeding plans to rejoin Horizon Leer más »
Why can’t European tech companies compete with Silicon Valley giants? It’s a perennial conundrum for the continent’s IT leaders — and one that Phill Robinson is trying to solve. After a globetrotting career as a tech executive, Robinson returned home to the UK and founded Boardwave, a networking platform that wants to make Europe a
To compete with Silicon Valley, European startups need their own Nasdaq Leer más »
A new €15 million fund has launched to help quantum technology research in the Netherlands transform into venture capital-investable startups. Backed by Quantum Delta NL (QDNL), a foundation that seeks to boost and scale the Dutch quantum ecosystem, the so-called QDNL Participations fund has a twofold focus: early-stage startups in the sector and research teams
New €15M fund for early-stage quantum startups launches in the Netherlands Leer más »
Big business opportunities are brewing in the cosmos. Morgan Stanley predicts the space economy will grow from €355 billion in 2020 to over €1 trillion by 2030 — and competition for the rewards is fierce. The USA remains a celestial superpower, while China is emerging as a powerful challenger. Europe has historically lagged behind the
Low-Earth orbit: A launchpad for Europe’s spacetech startups Leer más »
Story by Thomas Macaulay Writer at Neural by TNW Writer at Neural by TNW A rough year in public markets has taken a heavy toll on startups. According to new research, every unicorn in Europe that went public in 2021 has since shrunk in valuation. The losses follow record-highs for VC exit valuations in 2021. PitchBook, a
Values of European unicorns plunge amid sharp fall in public markets Leer más »
