Monday, September 26

Europe

EU Food Delivery Stocks Makes a Comeback; Just Eat Leads!
Business, Europe

EU Food Delivery Stocks Makes a Comeback; Just Eat Leads!

Food delivery in the European stock market is making a comeback. Food delivery stocks such as Delivery Hero SE (ETR: DHER) and Just Eat Takeaway.com NV (LON: JET) appear to be the highest gainers in Stoxx Europe 600 Index in Q2 as companies. Expectations have been buoyed by the surge in the belief that central banks will not excessively raise interest rates to curb inflation. Since June 30th, Just Eat has increased by 53%, and Delivery Hero has increased by 46%, a surprising reversal after both companies were among the top 10 decliners in the first half. The share price of Deliveroo plc (LON: ROO) has increased by 15% from its yearly low. Exactly what investors have been requesting for a long time, the big uptick occurred after the companies prioritized lowering losses and demonstra...
Arrest of Crypto-Laundering Suspect Brings Tornado Cash to Broil
Crypto & NFT, Europe

Arrest of Crypto-Laundering Suspect Brings Tornado Cash to Broil

Dutch authorities arrested a 29-year-old man in Amsterdam for concealing unlawful financial flows and helping crypto laundering via the cryptocurrency service Tornado Cash. The individual dubbed the service's "creator," was caught in Amsterdam on August 10. According to a Friday statement by the Dutch Fiscal Information and Investigation Service, or FIOD, officials had not ruled out the potential of multiple arrests. Tornado Cash is a cryptocurrency mixing service. The internet service enables users to conceal the origin or destination of cryptocurrency transactions, thereby enabling crypto laundering. The (criminal) provenance of cryptocurrencies is frequently not or only minimally verified by such mixing services. Most users of a mixing service do so to increase their anonymity. T...
6 Dutch Health Tech Enterprises Forging New Horizons!
Business, Europe

6 Dutch Health Tech Enterprises Forging New Horizons!

With over 1,100 Dutch health tech enterprises, the Netherlands has established itself as a rising health tech powerhouse covering startups to enterprises over three times that of neighboring Germany. The exponential growth of emerging technologies like data and machine learning, with numerous fascinating applications in the medical profession, has contributed to the health tech industry's precipitous rise. Here are 6 Dutch Health Tech enterprises that are calling the shots! Neogene Therapeutics Amsterdam, Noord-Holland, The Netherlands-based Neogene Therapeutics was founded by Carsten Linnemann, and Ton Schumacher. Neogene Therapeutics is a biotech company providing cancer patients with T-cell therapies targeting mutated proteins called neo-antigens. Neogene Therapeutics is developin...
6 Germany-based Health Tech Startups Driving Innovation
Business, Europe

6 Germany-based Health Tech Startups Driving Innovation

As indicated in the European Regional Development Fund (ERDF – or EFRE, in German) programme and cohesion strategy 2021-2027, as well as the German Lander implementation and tendering of this programme, the Healthcare/Life Sciences (HCT) industry is a focus for both the EU and Germany. Horizon Europe, a European Incentive Program for Research and Innovation approved by the EU Council and Parliament and implemented retrospectively on January 1, 2021, following its final acceptance in April 2021, focuses on health-related R&D and innovation. These 6 Germany-based Health Tech Startups are making a move! Ada Health Berlin, Berlin, Germany-based Ada Health was founded by Claire Novorol, Daniel Nathrath, and Martin Hirsch. Ada Health is a digital health company that helps users assess ...
An Analysis of Ukrainian Startup Scene Amid Russian War
Business, Europe

An Analysis of Ukrainian Startup Scene Amid Russian War

Russia's invasion of Ukraine shocked the whole European VC ecosystem in early February 2022. Albeit the Ukrainian startup scene is relatively small compared to other European countries, Ukraine reportedly had 28 VC-backed companies that collectively raised $10.4M in 2021. The country was growth bound, but now with the offensive Russian militancy, the Ukrainian startup scene in 2022 is struggling to stay afoot amidst war deaths and everyday threats.  To understand the situation better, we spoke with Michael Clouser, CEO and co-founder of The Startup Race. They explained the impact of the Russia-Ukraine War on the overall EU startup ambitions. He said, "As a part of our accelerator services, we write and endorse Startup and Innovator Visas in the United Kingdom. Because of the sudden ...
6 Austria-based GreenTech Startups Approximate EU’s NECPs
Business, Europe

6 Austria-based GreenTech Startups Approximate EU’s NECPs

The EU's 2030 binding climate and energy law compels its Member States to develop national energy and climate plans (NECPs) for 2021-2030. In that context, Austria accounts for 2.2 percent of total EU greenhouse gas (GHG) emissions and has been reducing emissions at a slower rate than the EU average since 2005. The country's carbon intensity is lower than the EU average and has been steadily declining. The country's 2030 renewable energy target of 46-50 percent emphasizes achieving 100 percent renewable electricity generation. On this mission, we review how these 6 Austria-based GreenTech startups contribute to the development of (NECPs). Neoom Group Among the 6 Austria-based GreenTech startups is Freistadt, the Oberosterreich-based Neoom group was founded by Walter Kreisel. The Neoo...
6 Italy-based GreenTech Startups on Greening the Future
Business, Europe

6 Italy-based GreenTech Startups on Greening the Future

Italy, the EU's smallest member state, was massively hit by the COVID-19, followed by an economic recession. Italy revived after the lockdown relaxed in May 2020, helping the manufacturing and construction regain momentum. "The government's initial USD 30m (1.6% of GDP) emergency package was largely directed at healthcare, welfare and emergency support for businesses" with only "13% of the assigned budget tagged for green recovery. The recently announced Italian Recovery and Resilience Plan (RRP) includes investments into measures relevant to the green transition." Source. Amidst challenging times, it is interesting to see how these 6 Italy-based GreenTech startups elicit global attention to cement hope for a greener and sustainable future. Is Clean Air Among the 6 Italy-based GreenT...
6 Ireland-based GreenTech Startups Revolutionizing Climate Impact
Business, Europe

6 Ireland-based GreenTech Startups Revolutionizing Climate Impact

Ireland happens to be the country that prototyped its first wooden computer. This ingenious development is enough to elicit trust in Ireland's mission toward revolutionizing the impact on climate. But is MicroPro the only business? Certainly not, and here we have 6 Ireland-based GreenTech startups that elicit global attention to cement hope for a greener and sustainable future. Seabased Dublin, Ireland-based Seabased is a wave energy company that provides utility-scale power parks that use ocean waves as fuel and operate independently or with offshore wind. Seabased's ambition is to become the first Blue Energy Company to build, own, and operate Wave Power Parks around the globe. Seabased was founded in 2019 by Hans Bernhoff and Mats Leijon with the ambition to become the first Blue ...
6 Germany-Based GreenTech Startups Committed to Climate Impact
Business, Europe

6 Germany-Based GreenTech Startups Committed to Climate Impact

Germany has committed to promoting environmentally sound, resource-efficient, innovative products, processes, and technology. As part of its $145 billion recovery budget, the country's government has allocated some $46 billion to sustainable investments in areas like renewable power and electric vehicles, according to an analysis by Bloomberg. It is admirable to see how these 6 Germany-based GreenTech Startups are steering climate action. Plan A One of the Germany-based GreenTech Startups from Berlin-based is Plan A, a GreenTech company that develops a carbon quantification platform to measure, monitor, and reduce environmental footprint. Plan A was founded in 2017 with a vision to empower companies to manage their businesses sustainably by transforming operational insights into posi...
6 Switzerland-Based GreenTech Startups on Steering Climate Action
Business, Europe

6 Switzerland-Based GreenTech Startups on Steering Climate Action

Switzerland has committed to promoting environmentally sound, resource-efficient, innovative products, processes, and technology. To achieve so, it will assist pilot projects and demonstrations, as well as programmes aimed at increasing the efficiency of Swiss businesses through a technology promotion fund (about 4.2 million Swiss francs per year). Accordingly, several Swiss start-ups are increasingly focusing on environmental and economic benefits. It is admirable to see how these 6 Switzerland-based GreenTech Startups are steering climate action. SUSI Partners One of the Switzerland-based GreenTech Startups from Bahnhofplatz, Zug, SUSI Partners is an infrastructure fund manager founded by Otto Troschke and Tobias Reichmuth. The firm is in sustainable energy infrastructure investmen...
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