On July 16, the European Commission proposed a €2tn seven-year budget – the largest in the EU’s history – to boost autonomy, competitiveness, and resilience. The spending plan addresses cybersecurity, innovation, and other key digital pillars, but omits a crucial component: open source. Open source software – built and maintained by communities rather than private companies alone, and free to edit and modify – is the foundation of today’s digital infrastructure. Since the 1990s, it has been ever-present in the digital infrastructure that European industry and public sector institutions depend on, creating huge dependencies on open source applications and libraries. From…

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Europe’s AI startups are losing ground to the US — and their own investors are to blame. Only 5% of global venture capital is raised in the EU, according to the European Commission. The US, by contrast, attracts more than half, while China takes 40%. Yet Europe isn’t capital-poor: households save €1.4tn a year, nearly twice as much as in America. Still, very little of that money finds its way into startups, despite a plethora of incentives like the UK’s EIS tax relief for business angels.   Even when funding is available, Europe’s venture capital firms are slow and cautious. Funds…

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Venture capital investment surged to a 10-quarter high of €108.3bn in Q1 2025, fuelled by artificial intelligence, which accounted for over  €44.6bn raised. In recent years, AI has felt like a money-printing machine. Investors, eager to avoid missing out on the next big thing, were quick to back almost any startup that mentioned AI in their pitch deck. The idea didn’t need to be particularly well-implemented or useful. In some cases, even the illusion of innovation was enough to earn a unicorn valuation. But investors are now wising up to AI-washing. As the CEO of Gradient Labs — an AI…

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The full-scale war has reshaped priorities for Ukraine’s tech sector. Innovative military technologies and advanced defence solutions are not only essential for the country’s security — they’re also among the most promising vectors for business growth. Ukrainian defence tech is tested directly on the battlefield, under the most challenging conditions. These circumstances allow products to prove their effectiveness, attracting interest from international partners, investors, and allied countries looking to strengthen their own defence capabilities. From my position at the heart of Ukraine’s tech ecosystem, I’ve seen how quickly the sector has shifted towards defence — and how global attention is now…

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Startup wisdom is a new TNW series offering practical lessons from experts who’ve helped build great companies. This week, global traction strategist Nina Aziz Justin — founder of The Resilience Mentor — shares her approach to building resilience. In the startup world, we’re taught to obsess over metrics. Burn rate, CAC, MRR — they dominate the dashboards and drive the decisions. And yes, data matters. But there’s something quietly more essential that rarely gets the same spotlight: resilience. This piece offers a balanced perspective — one that holds space for both sides. While execution metrics are essential for traction and…

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