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Ex-Darktrace boss Poppy Gustafsson named UK investment minister

Poppy Gustafsson, the co-founder and former CEO of UK cybersecurity darling Darktrace, has been named Britain’s new minister of investment as the new Labour government looks to win favour with big business. Gustafsson will head up the revamped Office for Investment as part of a wider “Whitehall shake-up” designed to bring more money to British shores,...

Sat Oct 12, 2024 12:12
EU backs Dutch scaleup Lumicks to fast-track discovery of cancer treatments

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...

Sat Oct 12, 2024 12:12
TNW Conference 2025 theme spotlight: AI and Deeptech

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....

Fri Oct 11, 2024 12:10
Norwegian startup Muybridge emerges from stealth to ‘reinvent’ the camera

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...

Fri Oct 11, 2024 12:10
Rio Tinto backs six startups in high-tech bid for cleaner mining of lithium, copper

British VC fund Founders Factory has launched the Mining Tech Accelerator in partnership with Rio Tinto, as the metals giant seeks to find better ways to cash-in on surging demand for lithium, copper, and other materials critical to the clean transition. In April, Rio Tinto committed 14.4mn Australian dollars (€8.8mn) to the accelerator, which will...

Fri Oct 11, 2024 12:10
Why Dubai-based VCs are looking to invest in European climate tech

Rising temperatures and unpredictable weather patterns have become a pressing concern within the UAE. In April, Dubai experienced its heaviest rainfall in 75 years over a 24-hour period, triggering floods and chaos. A team of researchers from the World Weather Attribution initiative reported that this event was driven partly by the climate crisis which...

Thu Oct 10, 2024 12:16

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