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The Internet has unleashed waves of innovation – from online banking to virtual drug discovery. But it has also spawned the rise of organised cybercrime.

The US open innovation consultancy NineSigma is to open a European headquarters in Leuven, Belgium.

In the past two years 2.8 million European internet identities have been registered, making .eu, at its second birthday, the fourth most popular top level domain in Europe and the ninth worldwide.

The European Commission has told Hungary to change tax laws which limit R&D tax exemptions to research carried out in the country.

The university has breathed new life into what most thought an extinct species – the venture capitalist-run seed fund.

After final political clearance Galileo can get set for lift off. Politicians have finally given the go-ahead after years of setbacks and delays. Now the horse trading over contracts begins.