News

Europe expands its frontiers into space

Europe now has a European Space Policy to direct its research programmes and activities and avoid duplication of effort between member states. The policy was formally adopted at the Competitiveness Council meeting on Tuesday 22 May.

Russia names managers for government VC fund

Russia’s economics minister, German Gref, has announced the name of the three companies selected to manage the funds of the Russian Venture Company, set up by the government to diversify the economy away from commodities and invest in high-tech projects.

Galileo crash leaves Commission red-faced

The timing couldn’t have been worse. As the European Commission announces two new public/private research partnerships, it admits that its flagship partnership project - the ambitious Galileo satellite system - has crashed and burned.