startup
Overseas funding was used to finance 1,194 projects in France last year, according to a new attractiveness survey published by Ernst & Young (EY). This represents an annual decline of 5%, but still allows France to outflank its European peers. Investment projects dropped 4% across Europe last year, with the UK and Germany noting declines of 6% and 12% respectively. The UK was home to 985 projects financed by foreign direct investment (FDI) in 2023, whilst Germany recorded a total of 733. The big three - France, Germany, and the UK - attracted more than 51% of FDI on the continent. Why is Franc...
Euronews (English)
An artificial intelligence (AI) company called 21st Century Digital Teaching (21C) is taking some big steps to solve the chronic teacher shortage in the UK and across Europe by revolutionising the way students learn maths and other key subjects. To do this, 21C created a digital teaching app and learning platform for schools that, it says, greatly reduces the number of teachers needed by digitising them and converting them into avatars on the app, enabling lessons to go ahead when there's a shortage. The founders said it also offers a new way of doing homework as it's more interactive and enab...
Euronews (English)
Funding into Irish startups dropped to €847 million, down from €1.6 billion in 2021 and €1.3 billion in 2022. "This is disappointing, but it largely reflects broader trends as global start-up fundraising dropped 38% last year. The drop in funding was mainly due to a decrease in later stage rounds, which rely more on foreign investors," a TechIreland press release said. "On the positive side, a record 403 tech companies on the island were funded, a 44% increase in the number of deals – a good indicator of the health of our ecosystem. The increase in the number of rounds was due to the large num...
Euronews (English)
With companies starting to realise that climate change isn’t going away, more are working together to bring green solutions to the table One such solution comes from Heat Storage Berlin, a German company that’s on a mission to store surplus renewable energy as heat. “This allows us to supply entire industries such as breweries or the paper industry with steam, using sustainable energies,” founder and CEO Ulrich Prochaska tells Euronews Green. He created the technology to address the problem of global warming. “We've already reached 1.5 degrees Celsius of global warming,” says Ulrich. “With cli...
Euronews (English)
Paris was named the best city for start-up businesses, closely followed by Madrid and Barcelona, in a new report from UK-based training company The Knowledge Academy. The various cities in this ranking earned their scores on a scale of 0-10 judged by the number of available office spaces, rental prices, proximity of top universities, the speed of internet (Mbps) among others. However, the report didn't consider regulatory background, bureaucracy or taxation. Are France and Spain the best places for start-ups?France did very well in this ranking, with two cities in the top five, while Spain dom...
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Microsoft and French artificial intelligence (AI) champion Mistral AI have struck a deal which will bring the start-up's new AI model to market, the company announced on Monday. The Paris-based company unveiled its new large language model (LLM) - the underlying technology that powers generative AI products. Called Mistral Large, the company says it “reaches top-tier reasoning capabilities,” and is fluent in French, English, German, Spanish and Italian. Mistral also unveiled its multilingual conversational assistant called Le Chat (the cat), which the 10-month-old company said “is natively mul...
Euronews (English)
When Elmer van Buuren’s start-up crowdfunder raised €500,000 in 15 minutes, he thought his website was broken. To his delight, it wasn’t - and two and a half years later, his donation pot has grown to €4.5 million. All of this money is going towards Elmer’s night train firm, ‘European Sleeper’, which runs overnight rail journeys across the continent. “I had always dreamt of having my own train company,” Elmer says. “This idea had been boiling inside for 25 years.” “And I think the big difference between us and other train companies is that we are community owned.” “We believed in crowdfunding ...
Euronews (English)
Did you know that about 900,000 new businesses were set up in the UK in 2023, according to the NatWest and Beauhurst New Startup Index? This was a new record and an 11.8% hike from 2022. Out of these, about 318,000 were based in London, a 20% increase from 2022. The top three sectors were online retailing, which saw the launch of about 43,195 companies, followed by the real estate and property rental sector, with approximately 18,196 companies, and the management consulting sector, with about 14,576. But once a company is launched, what happens next when it wants to stay afloat? Although Londo...
Euronews (English)
Starting a small or medium sized company in Europe doesn’t have to be as daunting as most people think. Although some countries across the continent can have stricter regulations that can be difficult for non-EU citizens, others are very open and welcoming of both domestic and foreign investors and business people. Following COVID-19 and the impact of the energy crisis, Europe has been doing more to support and welcome SMEs. It currently has a number of financing and support schemes for small and medium enterprises such as the Single Market Programme, Connecting Europe Facility (CEF) and Horiz...
Euronews (English)
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