Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainabili Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainability, green tech, AI, and EU policy. With a background in the humanities, she has a soft spot for social impact-enabling technologies.
Although escooters are a common sight in many European cities, you won’t see them in the Netherlands. That’s because escooter use is restricted to private driveways or gardens, but riding one on public roads and bike lanes is illegal, and will land you with a €280 fine. However, this might change soon.
The Dutch Ministry of Infrastructure and Water Management is currently working on a bill that will make escooters road-legal, local newspaper Het Parool reports.
If the bill is approved by the House of Representatives, escooters that meet the criteria of the Netherlands Vehicle Authority (RDW) will be allowed on bike lanes starting in 2025. This also means that ride-sharing providers such as Lime, Tier, and Dott will be able to offer their vehicles in the country.
The news has evoked strong reactions from the city of Amsterdam, which is reluctant to include the popular two-wheelers in its already overcrowded cycle paths.
Melanie van der Horst, a spokesperson for the city’s transport chief, told the paper that the Municipality of Amsterdam along with several others in the country have sent a letter to the ministry, raising concerns over traffic safety issues.
Even if the bill passes, Van der Horst said that Amsterdam will still be able to keep shared escooters out. It’s within the municipality’s power to grant or not the exemption required for transport providers to offer transport services in public space.
Besides Amsterdam, Utrecht and the Hague are also firmly against escooters swooshing down their streets, according to BNR radio.
The Dutch cities aren’t alone in favoring the two-wheeler ban. Paris is also putting a stop to shared escooters from September onwards, following a city-wide referendum.
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Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainabili Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainability, green tech, AI, and EU policy. With a background in the humanities, she has a soft spot for social impact-enabling technologies.
The time when Netflix used to profess that “love is sharing a password” is long gone. Now, the streaming giant is expanding its controversial password sharing crackdown across the globe, including nine European countries: France, Germany, Ireland, the UK, Denmark, Sweden, Norway, Belgium, and the Netherlands.
Starting on Tuesday, users who are sharing their Netflix account outside of their household will be receiving a long-dreaded email essentially informing them they can no longer do that.
“Your Netflix account is for you and the people you live with — your household,” the company emphasises in its announcement. And it will use information such as IP addresses, device IDs, and account activity to ensure that signed devices are justly part of the Netflix household.
The streaming service is offering two alternative options for users that fall out of the household category. The first one is transferring a profile into a new paid membership. The second one is buying an extra member to keep on using the same account — with varying prices per country. For example, it costs €3.99 per month in Belgium and the Netherlands, €5.99 in France, and £4.99 in the UK.
Neftlix’s password sharing crackdown expansion — which now goes after over 100 countries worldwide — follows the implementation of the new measures in Portugal, Canada, New Zealand, and Spain.
The company, which has missed its new subscriber targets in the first quarter of 2023, hopes this strategy coupled with ad-based subscriptions will boost growth in the second half of the year.
But trying to turn password sharers into active subscribers might have the opposite effect. A recent study by market research group Kantar has found that Netflix’s new policy has cost it one million users in Spain during the first quarter of 2023. This translates into a decrease of approximately 15% of total users.
It remains to be seen how the password sharing crackdown will be received by the newly-added countries. I, for one, will be checking my mailbox with dread the entire day. If you share my fate, let us know what you think via the usual channels.
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This article features an interview with Krijn de Nood, the CEO and co-founder of cultivated meat startup Meatable. De Nood will bespeaking atTNW Conference, which takes place on June 15 & 16 in Amsterdam. If you want to experience the event (and say hi to our editorial team!), we’ve got something special for our loyal readers. Use the promo code READ-TNW-25and get a 25% discount on your business pass for TNW Conference. See you in Amsterdam!
As a vegetarian for the past 13 years, I have tried the whole gamut of plant-based meat substitutes. And let me tell you, the texture and taste has come a long way since the early 2010s. Developers and restaurants have woken up to the fact that just because someone chooses not to eat meat for environmental or ethical reasons, doesn’t mean that they don’t want the satisfying experience of a juicy, umami-rich burger or hot dog.
Meanwhile, it is understandable that for a hardcore meat enthusiast, a seitan steak is just not going to cut it. However, whether you are a dedicated omnivore or not, there is no denying that our current food production systems of livestock farming and animal husbandry are unsustainable.
Enter cultivated meat, and the companies working to make it a staple on our supermarket shelves within the next decade.
Krijn de Nood (CEO) and Daan Luining (CTO), two of the co-founders of Meatable. Credit: Meatable
Krijn de Nood is one of the founders of Meatable, a Delft-based food tech startup that grows meat in a lab – without any animals harmed in the process. The company just recently held the first public tasting of its pork sausage in Singapore, and looks to be cost-competitive with corresponding organic conventional meat products in just a few years’ time.
First of all, let’s state what cultivated meat is not; it is not vegan, or plant-based. It is actual animal meat from stem cells, taken from a live animal, that have been cultivated and fed with nutrients in a bioreactor so they can grow.
Another potential misconception around the technology is an underestimation of how complex the process is. According to de Nood, “Things go a lot slower than building a new, say, app. It’s not exactly the same, but it’s closer to developing a new vaccine, for example, or a new medicine.”
Ending unnecessary suffering
Around the world, an unfathomable 70 billion land animals are slaughtered every year. That is close to 200 million every single day. And the world’s appetite for meat continues to grow along with population and GDPs.
By 2050, global meat consumption is predicted to increase by 70%. While Meatable and its colleagues/competitors may not reasonably be expected to replace the entire conventional meat industry, by 2035, the company hopes to save an estimated 27 million animal lives cumulatively.
As de Nood explains part of his reasons for leaving a business career with McKinsey and co-founding Meatable in 2018, “If I, in 20 years in this field, can look back and say, hey, I was a pretty significant part in starting the fact that we don’t have to rely on animals as much anymore for our food, I think that will be a lifetime well spent.”
Sustainability
When it comes to environmental impact, 14.5% of all anthropogenic greenhouse gas emissions are attributable to livestock farming. In contrast, aviation is responsible for around 2.5%.
Other than carbon dioxide, meat production also contributes to methane and nitrous oxide emissions. While the latter two do not linger in the atmosphere for as long as CO2, their climate warming potential is between 25 and 300 times higher.
So much are we intent on keeping raising cows for meat and dairy, that an Australian startup called Rumin8 making a methane-reducing feed additive (basically, making sure cows burp less) has received a $12 million investment from Bill Gates-founded Breakthrough Energy Ventures (BEV).
There have been tentative reports that put into question how environmentally sustainable it is to cultivate meat in a lab. However, de Nood says that comparisons being made between the current carbon intensity of cultivated meat and conventional livestock farming are not entirely fair. This is because it measures how much energy it requires to produce lab-grown meat today, and not how much it will need once reaching industrial scale.
“If you look at the research process, it’s always going to be that to make, say, one electric car, you need to have a lot of infrastructure. And if you allocate all that to one electric car, that electric car is not going to be any better than the car that comes from an industrial normal car manufacturer.”
De Nood explains that when looking at Meatable’s life cycle analysis (LCA), its cultivated beef can become approximately 97% less polluting than conventionally raised cattle beef, and its pork about 80% less polluting. Given, of course, that the company manages to scale its technology.
Scaling cultured meat
Pigs are by far the most butchered animal on the planet apart from chickens, which is one of the reasons why Meatable decided to first develop its pork products, although a dedicated “bovine team” is also busy cultivating beef. The cells themselves behave a little differently, which means that nutrient uptake needs to be optimised individually for each species. However, when it comes to scaling up to larger bioreactors, the process is very similar.
As mentioned, Meatable held its first public tasting in Singapore, where it hopes to bring its first industrial facilityonline in 2026. In order for that to happen, there needs to be a whole lot of scaling, something de Nood attributes to a classic R&D process, “We know that it works on a small scale, now the question is if we can apply it at an industrial scale.”
The company recently held its first public tasting in Singapore. Credit: Meatable
One of the key aspects in scaling production is achieving efficiency without sacrificing quality and safety. And Meatable is well on the way, given its recent breakthrough. Just yesterday the company revealed that it can now cultivate pork meat in as little as eight days (less than 5% of the time it takes to rear a pig on a farm), with the highest quality of muscle and fat cells.
This is essential to producing the actual taste and texture of meat, according to de Nood one of the three main metrics of bringing the technology to scale.
“For example, cell densities are very important. So if you have a litre of bioreactor capacity, how many grams of meat can you cultivate? The second one is, what is the doubling time? So how long does it take before the cells to double themselves? And then the third one that’s very important is that we start with stem cells. Stem cells are not as tasty as muscle and fat cells. So we need to turn them into that. How many days does it take for that process?”
Apparently, now just a little over a week, combining Meatable’s use of pluripotent stem cells (PSCs), which have the natural ability to keep on multiplying and to do so rapidly (with a doubling time of a couple of days), and the company’s patented opti-ox technology.
Bringing down the cost
One of the major challenges to the budding cultivated meat industry is the cost associated with the technology. The very first lab-grown burger was produced in 2012, at a whopping cost of $375,000 (€347,000). Indeed, one of the founders of Meatable and currently the company’s CTO, Daan Luining, was an intern on the project.
Ten years on, what has happened to the price tag? While the exact number remains undisclosed, de Nood says that Meatable’s is now “more than a thousandfold” lower than the original.
The company is looking at a small-scale launch of its products – a pork sausage and dumpling – in Singapore next year. Following the inauguration of its production facility in the city-state, Meatable says its products will become cost-competitive with, say, organic sausages in the US and in Asia, with retail prices around $20-25 per kilo. By the early 2030s, de Nood hopes the company will be able to match the price of traditional meat.
Why Singapore?
This year, the company will open the Future of Meat innovation centre together with Asia’s first plant-based butcher Love Handle, where the two will work on developing hybrid meat products. But why Singapore? As the first in the world to do so, the Singapore Food Agency (SFA) approved cultivated meat for consumption in late 2020 when it gave the go-ahead for Eat Just chicken nuggets.
In the US, the Food and Drug Administration (FDA) followed suit in November last year, also clearing cultured chicken from Upside Foods for the first time. Essentially, the decisions of the two food safety administrations create more certainty for startups to operate within their jurisdiction.
Europe, or specifically, the EU, has an extremely lengthy regulatory process due to the decision making processes of the union. There is hope for the bloc, as de Nood states that there are “a lot of people,” especially in the Netherlands, wanting to make it happen.
Indeed, in April 2022, the Dutch government awarded €60 million to develop a national cellular agriculture ecosystem. And this is only the initial step toward funding a more significant growth plan with €252 to €382 million for the sector. Furthermore, the House of Representatives voted to allow tastings of cultured meat in controlled settings earlier this year.
Are consumers ready?
Well, apparently, it depends – mostly on age. “If you talk to people about 20 to 30 and below, it’s a no brainer. They are very climate conscious, and they have grown up with technology; technology is part of their life,” de Nood says. “So in 10 years, those people will be 40 and below, and those will be the ones with young children making the buying decisions. That is why I am very positive about consumer perception.”
To those who question whether or not lab-grown meat is natural or even ethical, de Nood says Meatable wants to flip the narrative, which is why the company has coined the term “new natural.”
De Nood explains, “Well, is it natural to have the rainforest cut down to sow soy plantations that are shipped to the Netherlands to feed our cattle? If you, at some point have the choice between a burger or a sausage, or in a couple of years a steak, where for the first one an animal had to be slaughtered and it was very bad for the environment, and for the second, which was exactly the same, none of those things were necessary, would you still go for that first one?”
Krijn de Nood is one of many tech luminaries speaking at TNW Conference on June 15-16. Use the promo code READ-TNW-25and get a 25% discount on your business pass for TNW Conference.
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Have you been waiting for sleek wearable XR glasses that would look great with any outfit? Your long wait is over. VITURE, the innovative tech startup, has officially launched its highly anticipated product, the VITURE One XR Glasses.
Step into a new realm of immersive entertainment. Get ready to redefine your gaming and streaming experiences with this wearable technology. These cutting-edge XR glasses introduce a new era of immersive mobile extended reality experiences. With the ability to stream and play games anywhere–and in style, VITURE One XR Glasses redefine on-the-go entertainment.
Unleashing Limitless Experiences With VITURE One XR Glasses
Imagine a breathtaking 120-inch virtual screen projecting directly into a stylish pair of sunglasses, transporting you into an unparalleled gaming and streaming adventure. The VITURE One XR Glasses empower you to embark on captivating journeys with a level of immersion that feels truly lifelike.
The VITURE One XR Glasses immerse users into a captivating gaming or streaming experience. Weighing just 78g, these portable glasses offer a supersized virtual screen without the bulkiness of traditional VR headsets. They provide a private viewing experience, making it ideal for gaming enthusiasts or travelers who want to enjoy streams or games without disturbing others.
Paired with the VITURE One Mobile Dock, these glasses are about to revolutionize the way you engage with virtual worlds. They enable seamless connectivity with devices like the Nintendo Switch and mobile phones. With multiplayer gaming and expanded entertainment options, VITURE empowers you to share unforgettable moments with friends anytime, anywhere.
The retail price of VITURE One XR Glasses and Mobile Dock is $549 and $159, respectively. But you can nab them for $439 and $129 during the special promotional launch. The Dock Pack is also available at the promo launch price of $568, which is over $100 less than the expected retail price of $708.
Immersive Technology Redefined
The VITURE One XR Glasses incorporate revolutionary technology to provide an unrivaled XR experience. The magic begins with dimmable electrochromic film lenses, allowing you to customize the visual intensity according to your preferences and surroundings. These glasses also feature built-in myopia adjustments, catering to the needs of near-sighted users without compromising on the immersive experience.
Prepare to be mesmerized by the revolutionary reverse sound field audio system developed in collaboration with HARMAN. This advanced audio technology takes you on an auditory journey, surrounding you with spatial sound that breathes life into every virtual world. Combined with strong color calibration, a wide color gamut, and native 3D and 3DoF support, the VITURE One XR Glasses create an all-encompassing sensory experience like never before.
Fashion Meets Immersion
VITURE strives to create a synergy of aesthetics, comfort, and function. That’s why the VITURE One XR Glasses were designed in collaboration with LAYER, a prestigious design studio renowned worldwide. This dynamic partnership has resulted in sleek and stylish eyewear that seamlessly blends fashion with technology.
Not only do the glasses offer an immersive experience, but they also make a bold fashion statement. These dark-tinted glasses can give your aviators a run for their money when it comes to style. They also prioritize comfort, allowing you to lose yourself in extended gaming or streaming sessions without any unease. Indeed, the VITURE One XR Glasses defy the notion that fashion and immersive experiences are mutually exclusive, proving that you can have it all.
“With portable gaming and entertainment becoming more and more prevalent, we are thrilled to bring the first stylish XR solution to the market that can handle AAA gaming and streaming on the go,” said David Jiang, co-founder and CEO of VITURE, in a press release shared with ARPost. “We’ve already received great feedback from pre-order customers and can’t wait to get VITURE One in more people’s hands to transform the way they experience entertainment.”
Pushing the Boundaries in Wearable XR
As the XR industry continues to evolve, VITURE aims to push the boundaries of what’s possible. As portable gaming and entertainment take center stage, VITURE proudly introduces a stylish XR solution that unlocks the power of AAA gaming and streaming on the go.
Embark on a journey where virtual worlds come to life, enveloping your senses and unlocking a new dimension of entertainment. The VITURE One XR Glasses are here to redefine the future of gaming and streaming, setting the stage for limitless possibilities in XR wearables. Experience the revolution today and embrace a future where immersion knows no bounds.
Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainabili Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainability, green tech, AI, and EU policy. With a background in the humanities, she has a soft spot for social impact-enabling technologies.
Since its launch in 2021, the all-electric Rimac Nevera has hit the hypercar world like the storm it’s named after — and for good reason. With an impressive 1,914 horsepower and a 0-100km/h acceleration in just 1.85 seconds, this beautiful machine not only holds the top EV speed record, but also outperforms its petrol-powered counterparts.
Now, the Nevera has hit another milestone: it has broken 23 performance records in a single day, claiming the title of the “ultimate record-breaking hypercar.” The tests were run at Germany’s Automotive Testing Papenburg (ATP) facility, and were independently verified by third-party companies Dewesoft and RaceLogic.
The insane Rimac Nevera. Credit: Rimac Automobili
The EV’s strike was led by the 0-400-0km/h run, the utmost test of hypercar straight line performance, combining acceleration, aerodynamics, top speed, and stopping power. The Nevera managed to accelerate from 0km/h to 400km/h and come back to a standstill in 29.93 seconds — over a second faster than the previous record holder, the Konigsegg Regera.
In practice, the Nevera shuttered most existing acceleration records. It did a 0-200km/h run in 4.42 seconds, continued to 300km/h in 9.22 seconds, and reached 400km/h in 21.31 seconds. The hypercar even outperformed itself clocking 1.81 seconds for 0-100km/h — four seconds faster than its official acceleration spec. Not to mention that smashing 23 records within a day is a record in itself.
Below you can find the full list of benchmarks:
Credit: Rimac Automobili
Behind the success lies Rimac’s in-house technology, encompassing the Nevera’s aerodynamic design, powertrain, battery system, and software.
To name its most essential specs, the Croatian-made EV comes with a 120kWh battery pack and uses four electric motors — one for each wheel — which produce an impressive 1.4MW of power. It also features a top notch regenerative braking system combined with 390mm Brembo CCMR carbon-ceramic brake discs, and six-piston callipers.
Credit: Rimac Automobili
“I am proud to say that the car we’ve created can get to 400km/h and back to 0 in less time than it took the McLaren F1 to accelerate up to 350km/h,” Mate Rimac, founder and CEO of the company, said in a statement. “And not only that, but it can do it again and again, breaking every other performance record in the process. If you had a Nevera and access to a track, you could do it too.”
Rimac will make only 150 Neveras, so if you’d like to feel the power of this breathtaking car, you’d better act fast. You’ll also need to pay an estimated €2m to buy it, but that’s a rather fair price for recreational record-breaking.
In the meantime (or if the EV is far off your budget), you can watch the Nevera smashing records on the video below:
Thomas is a senior reporter at TNW. He covers European tech, with a focus on deeptech, startups, and government policy. Thomas is a senior reporter at TNW. He covers European tech, with a focus on deeptech, startups, and government policy.
Designers have given a glimpse into the future of urban architecture: AI-generated inflatable skyscrapers.
The buildings are the brainchild of Zumo, a Barcelona-based architectural practice. Founded in 2020 by Andre Sashko and Alessandro Lussignoli, the firm blends classical knowledge and contemporary tech to visualise new construction forms.
Their latest project adds Midjourney to the art of architecture. Zumo used the text-to-image model to visualise the wobbly edifices in urban settings.
First published by Design Boom, the images depict the superstructures towering over future cities. To my unsullied eyes, they resemble illuminated balloons soaring into the skyline. But my cruder colleagues compared them to giant condoms.
You can draw your own analogies after scrolling through the gallery below:
Inevitably, there’s a sustainability component to the project. As inflatables, the buildings can be pumped up to lofty heights, flattened for transportation, and reconstructed in locations where they’re needed. Just make sure to dispose all sharps before entry.
Powered by renewable energy, they also have a reduced environmental footprint — which could be useful if they were real. One day, perhaps they will be.
AI takes on architecture
Zumo’s buildings may be fake, but AI already has a role in designing real buildings. Zaha Hadid Architects, for instance, recently revealed that it uses text-to-image generators to produce ideas for “most” of its projects.
Although popular, the practice is proving divisive. Supporters argue that AI can provide fresh inspiration, engage clients with the design process, and replace menial tasks. But critics say the systems are biased towards certain architectural and visual styles.
There is also a broader concern about the threat to human designers. In January, three artists turned the issue into a class action lawsuit. The plaintiffs allege that Stability AI, DeviantArt, and Midjourney have violated the rights of “millions of artists” by remixing their copyrighted works.
These companies, the case argues, train their tools on pictures scraped from the web without the consent of creators. It’s hardly a contentious claim — Midjourney’s founder has admitted to the practice.
Inspired by the original artworks, the systems now pump out endless AI-generated images — at a profit. Arguably, they’re stealing both past and future work from artists. But if they can deliver a glorious future of living in condoms, perhaps it’s justifiable.
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Elaine Burke is an award-winning journalist, editor and broadcaster covering science, technology and media. She previously served as editor Elaine Burke is an award-winning journalist, editor and broadcaster covering science, technology and media. She previously served as editor of Silicon Republic and is currently the host of For Tech’s Sake, a co-production of The HeadStuff Podcast Network and Silicon Republic.
Last September, Microsoft CEO Satya Nadella identified an issue that was eating away at managers: productivity paranoia.
This was on the back of Microsoft research spanning 20,000 people across 11 countries, which found a disconnect between workers feeling productive in hybrid and remote environments and managers straining to “see” productivity in this new context.
About as many workers reported being productive as leaders reported a lack of confidence in that productivity (87% and 85%, respectively).
Intrusive micro-management
Unfortunately, to bridge this divide, some business leaders have turned to a new and intrusive form of micro-management. With employees working out of sight, managers are sourcing alternative ways to achieve the old “watchful eye” approach they had in the office.
These tools were especially appealing to managers forced to adapt to a new way of working without due preparation, and so it should come as no surprise that Google Trends indicates that searches for “remote employee monitoring” reached a peak in the spring of 2020.
So came the rise of interest in authoritarian-sounding employee monitoring software such as StaffCop and Time Doctor. Some providers reported increased demand for their software, with business tripling after the outbreak of the pandemic.
Employee monitoring can be as simple as creating attendance records and automated timesheets, or it can extend to screen monitoring, keystroke logging, and even location tracking. Some, like Time Doctor, can even enable a computer’s webcam to take a picture of the user every 10 minutes.
A 2020 report by Eurofound, the European Foundation for the Improvement of Living and Working Conditions, found that more than one-quarter (27%) of organisations in the EU were using data analytics for the monitoring of employee performance and that the use of such techniques was trending upwards.
Though there are no specific rules for employee monitoring software in the EU, GDPR is applicable because it involves the processing of people’s data.
And, unlike some data protection laws in the US, GDPR offers protections for employee-related information.
Lawful grounds
One of the key pillars of GDPR is consent to data processing, and this consent must be achieved without duress on the subject. Because of the imbalance of power in an employee-employer relationship, it’s considered that consent, in this case, cannot be freely given, and so employers must find further lawful grounds to justify their data processing.
Most employers will justify employee monitoring as a “legitimate interest”, though that doesn’t give them free rein for intensive surveillance. Any aspect of monitoring must be shown to be necessary, legitimate, and proportionate to the risk of any perceived threat (such as the unauthorised sharing of confidential information).
There must be a clear case that no other means of supervision, such as simply blocking certain websites or apps on company devices, is sufficient. And only the data necessary to achieve these justifiable aims should be captured.
Apart from rare exceptions that typically involve a criminal investigation, employers must disclose their monitoring practices to employees, detailing the data that will be processed, how, and for what purpose.
Some EU member states may have privacy and labour requirements that are even stricter than GDPR, which allows member states to institute their own specific rules for personal data processing within employment. Countries such as Belgium, France, Italy, and Spain, for example, have instituted a right to disconnect.
But rules and regulations are not the only reason employers should tread carefully when it comes to workplace surveillance. A recent survey from IT outsourcing firm 1E revealed that almost half of IT workers (48%) would turn down a good job if they knew a company was engaged in such activity.
If you’re uncomfortable with your current employer’s monitoring practices, you can always search for new opportunities on the House of Talent Job Board.
Microsoft, which has been preaching for practices that better support and enable productive hybrid work, is one of many companies with roles currently available in Germany, Ireland, the UK, and further afield.
Eurofound’s recent research revealed that employee performance monitoring is most common in Croatia and Romania, and least of all in Germany and Sweden. Large companies of 250 or more employees were most likely to use it, while small businesses of 10 to 49 employees were the least likely.
If Germany appeals to you for work, Hero Software is a mid-size SaaS business based in Hannover which is currently seeking a DevOps Engineer.
Stud-IT is a small-scale IT business with offices across Germany that is currently filling several junior roles.
And, if you’re among almost three-quarters (73%) of IT managers surveyed by 1E who were uncomfortable installing productivity-monitoring software for their teams, you can search for new opportunities such as this one at sustainability-focused consultancy Metabolic in Amsterdam, or this one at BeCap Consulting in Rennes, northwest France, which offers a flexible work policy blending time in-office and remote work.
Dutch aerospace pioneer Fokker is looking to make a comeback. This time however, it won’t be polluting Jet A fuel propelling the company’s aircraft. Instead, in the revived guise of Fokker Next Gen, it is playing the long game and joining in on the clean-burning hydrogen hype.
With €25 million in funding from the Dutch government, and an additional EU Clean Aviation grant of undisclosed amount, Fokker is aiming at a 2035 entry into service of a clean-sheet aircraft design operating on liquid hydrogen. The plane’s intended range is 2,500 km, meaning it could fly across Europe from London to Kyiv – without generating any CO₂ emissions.
Fokker Next Gen intends to be done with the conceptual design stage of the aircraft by 2027, with a critical design review coming up three years later. Assembly of the new plane will happen in 2032, with the first prototype flight scheduled for 2033. That is, if everything goes according to plan, which is seldom the case with new aircraft projects.
Meanwhile, the envisioned timeline is understandable, given that 2035 is the year proclaimed by European aerospace giant Airbus as the arrival of its ZEROe hydrogen-powered commercial aeroplane.
Spacious and quiet
Looking at the first digitally generated images of the airframe-to-be, Fokker Next Gen is hoping to build a dual-aisle aircraft with 2-3-2 seating, most closely resembling the layout of an Airbus A330.
Flexible display panels will offer “customisable views or entertainment options” (that middle seat isn’t going anywhere though). Credit: Fokker Next Gen
It is difficult to glean the total passenger capacity though, as there is no length specification. What’s more, plenty of space in the fuselage has been dedicated to the storage of the hydrogen – one of the trickiest puzzles to solve in making hydrogen-powered commercial flight a reality, considering volume and weight constraints.
What we do know is that Fokker has opted for liquid hydrogen and direct combustion, as opposed to hydrogen-electric fuel-cells favoured by a majority of startups in the clean aviation space. Furthermore, it has already found an intended engine partner in the UK’s Rolls-Royce.
The hydrogen would be stored in the back of the fuselage. Credit: Fokker Next Gen
Meanwhile, just in case there won’t be enough green hydrogen to go around (a projected future constraint in the scaling of the technology), Fokker Next Gen has safeguarded its commercial appeal by designing the plane to also be able to fly on both good old kerosene and sustainable aviation fuel.
Much more investment needed
Of course, €25 million is not going to cut it when it comes to delivering a brand new plane with tremendous R&D demand. Billions more will be needed in investment to hit the intended target of 150 units rolling off the final assembly line per year. But, as Fokker Next Gen CEO Juriaan Kellermann told Luchtvaartnieuws over the weekend, “We think it’s realistic.”
Meanwhile, building both an entirely new airframe and propulsion architecture at the same time would be a tall order. As such, the company will first convert one of its Fokker 100 regional jets. In fact, Fokker Next Gen has already begun adapting the plane to run on liquid hydrogen. The first test flight of the modified jet is currently scheduled for the start of 2028.
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While Oculus doesn’t offer much publicly in the way of understanding how well individual games & apps are performing across its Quest 2 storefront, it’s possible to glean some insight by looking at apps relative to each other. Here’s a snapshot of the 20 best rated Oculus Quest games and apps as of May 2023.
Some quick qualifications before we get to the data:
Paid and free apps are separated
Only apps with more than 100 reviews are represented
Thomas is a senior reporter at TNW. He covers European tech, with a focus on deeptech, startups, and government policy. Thomas is a senior reporter at TNW. He covers European tech, with a focus on deeptech, startups, and government policy.
In a seminal moment for international data flows, the EU has fined Meta a record-breaking €1.2bn for privacy violations.
The penalty is the largest ever for a violation of GDPR, which was introduced to protect personal information. According to EU regulators, Meta broke the rules by transferring user data from the bloc to the US for processing.
The Facebook owner made these transfers on the basis of standard contractual clauses (SCCs), which govern the flow of personal data. But an EU investigation determined that SCCs don’t provide enough protection from US surveillance.
Andrea Jelinek, chair of the European Data Protection Board, called the infringement “very serious” because the transfers were systematic, repetitive, and continuous.
“Facebook has millions of users in Europe, so the volume of personal data transferred is massive,” she said. “The unprecedented fine is a strong signal to organisations that serious infringements have far-reaching consequences.”
Meta called the fine “unjustified and unnecessary” and said it would appeal the ruling.
Data borders
The intervention could prove pivotal for data transfers more broadly. Lawmakers in the EU and US are currently developing a new transatlantic Data Privacy Framework that would clarify the requirements for moving information across borders.
Nick Clegg, Meta’s head of global affairs, said the new ruling had disregarded the progress being made on this issue. He called it “a dangerous precedent” for data transfers that imperils the foundations of an open internet.
“Without the ability to transfer data across borders, the internet risks being carved up into national and regional silos, restricting the global economy and leaving citizens in different countries unable to access many of the shared services we have come to rely on,” said Clegg.
Naturally, Clegg has a vested interest in easing data flows to the US, but he’s not alone in wanting the removal of digital borders. According to Janine Regan, Legal Director for Data Protection at law firm Charles Russell Speechlys, there’s political agreement on both sides of the Atlantic to resolve the issue.
“It’s likely that an alternative transfer mechanism will be ready over the summer so that Meta does not have to completely suspend transatlantic transfers, but this will be little consolation for a company facing such a record-breaking fine,” she said.
Dangerous times for data violations
The new ruling also serves as a warning to other companies that transfer data. Chris Linnell, Principal Data Protection Consultant at cyber security firm Bridewell called it “a stark reminder” that SSCs alone don’t adequately protect personal data.
He advised all organisations to undertake transfer risk assessments when processing personal data outside of the EU. In addition, he recommends regular ongoing reviews of compliance and potential risks to data subjects.
“Ultimately, contracts in place between parties will not act as a safeguard when recipient organisations have their own legal obligations to fulfil when it comes to national surveillance laws, such as FISA in the United States,” said Linnel.
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Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainabili Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainability, green tech, AI, and EU policy. With a background in the humanities, she has a soft spot for social impact-enabling technologies.
Krijn de Nood, Julie Hawkins, and Stephanie Klein Nagelvoort-Schuit will be speaking at TNW Conference, which takes place on June 15 & 16 in Amsterdam. If you want to experience the event (and say hi to our editorial team!), we’ve got something special for our loyal readers. Use the promo code READ-TNW-25 and get a 25% discount on your business pass for TNW Conference. See you in Amsterdam!
Renowned university spinouts such as chip designer Arm in the UK and immunotherapy pioneer BionNTech in Germany have proven the importance of bringing scientific innovation to real-world industries. But the road from academia to enterprise is no bed of roses.
Back when I was in uni, I was part of a project that I hoped would place me and my fellow team under the “tech startup to watch” radar. But my dreams were quickly shuttered when I asked the leading professor if he would consider commercialising our tool outside of the university. His answer was succinct: “It’s far too complex.”
With outstanding academic institutions, Europe has the potential to emerge as the most attractive spinout ecosystem in the world — especially in the fields of computing, engineering, bioscience, and deep tech.
Although the number of spinouts on the continent has increased over the years with many deep tech startups in particular having strong university roots, it seems that founders still have to tackle considerable challenges: from high equity demands and a long spinout process, to securing later stage funding and cultivating entrepreneurial skills.
At TNW Conference, navigating the challenging journey from academia to startup gets the spotlight it deserves. On day one of the event, a group of leading experts and entrepreneurs will take the stage to discuss the crucial steps needed to bring academic innovations to market.
These are Krijn de Nood, CEO of Meatable, the trailblazing lab-grown meat startup; Julie Hawkins, General Partner at UK early-stage VC firm Local Globe; and Stephanie Klein Nagelvoort-Schuit, VP at University Medical Center Groningen (UMCG) and founder of abcdeSIM, an e-learning spinout company from the Erasmus University Medical Center.
De Nood, Hawkins, and Klein Nagelvoort-Schuit will explore success stories of university spinouts and delve into some of the most significant challenges these startups face, such as bridging funding gaps and developing go-to-market strategies.
So if you’re a potential founder who wants to learn about the unique hurdles associated with university-born ventures and aspires to usher your own spinout into commercial success, make sure not to miss their talk! I know I won’t — and perhaps I’ll get inspired to go into academia again.
Navigating the spinout process is among many startup growth topics that will be explored at TNW Conference. You can find more on the event agenda — and remember: for a 25% discount on business passes, use the promo code READ-TNW-25.
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The EU Parliament agreed last week on the world’s first comprehensive set of rules to regulate the transfer of cryptocurrencies like Bitcoin, as it looks to crack down on money laundering and illegal transfers in the bloc.
From 2024, all crypto transfers, regardless of amount, will be covered by the so-called ‘travel rule’ — information on the source of the asset and its beneficiary will have to travel with the transaction and be stored on both sides of the transfer.
The regulation requires firms that want to issue, trade, and safeguard crypto-assets, tokenised assets, and stablecoins in the 27-country bloc to obtain a licence.
“Recent events have confirmed the urgent need for imposing rules which will better protect Europeans who have invested in these assets, and prevent the misuse of the crypto industry for the purposes of money laundering and financing of terrorism,” saidSwedish finance minister Elisabeth Svantesson.
MiCA — as the new regulation is known — is designed to ensure that crypto transfers within the EU can be traced in much the same way as ordinary bank transfers. Furthermore, they are meant to protect investors by increasing transparency and putting in place a comprehensive framework for issuers and service providers including compliance with the anti-money laundering rules.
The new rules also require crypto-asset service providers to share mandatory information with tax authorities through an automatic exchange. However, they do not apply to person-to-person transfers conducted without a provider or among providers acting on their own behalf.
Additionally, the European Securities and Markets Authority (ESMA) will be given powers to step in and ban or restrict crypto platforms if they are seen to not properly protect investors, or threaten market integrity or financial stability.
Cryptocurrencies like Bitcoin trace transactions via a blockchain record. While all transactions are recorded in a publicly-accessible ledger, they can only be traced back to a user’s public key, not their real-world personal information. This pseudo-anonymity is what drew many to invest in crypto in the first place, but it poses a number of risks.
Currently, when dealing with crypto-assets, people are not covered by EU consumer protection rules and risk losing money. Furthermore, the EU fears that the widespread use of crypto could drive financial instability, market manipulation, and financial crime.
In 2022, the amount of cryptocurrency obtained either illegally or for groups or individuals to use for illicit purposes — including terrorism and human trafficking — stood at just over $20bn, according to Chainalysis, a platform that provides data on blockchain technology.
The technology also uses vast quantities of electricity: the energy consumption of bitcoin is estimated to equal that of a small country.
‘World’s first comprehensive crypto rules’
So far, policies worldwide have ranged from ignoring to fully banning the use of cryptocurrencies. The UK has outlined a phased approach, starting with stablecoins and broadening out to other crypto-assets later on, but there is no firm timeframe. Meanwhile, the US has taken somewhat of a ‘case by case’ approach to the matter like prosecuting individuals or working to recover ransomed funds.
In a departure from the global trend, MiCA is slated to be the world’s first comprehensive set of rules to regulate crypto-assets. This is part of a package of legislative proposals to strengthen the EU’s anti-money laundering and countering terrorism financing rules, presented by the Commission in 2021. The package also includes a proposal to create a new EU authority to fight money laundering.
MiCA also addresses environmental concerns surrounding crypto, with firms forced to disclose their energy consumption as well as the impact of digital assets on the environment.
Rather than scaring away crypto firms, MiCA is expected to attract both startups and prominent businesses, setting the stage for more healthy competition.
According to Reuters, crypto firms say they welcome the “certainty in regulation”, putting pressure on countries to copy the EU rules, and on regulators to come up with global norms for cross-border activity.
Brinda Paul, director of compliance at Australian crypto-asset firm Banxa, toldCryptoPotato that he believes MiCA “sets a high standard for consumer protection”, which will create a more reliable and trustworthy crypto market and “benefits customers immensely.”
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