Tag Archives: INNOVATION

SEDEMAC Leverages Siemens Xcelerator to Streamline Electric Vehicle Motor Control Development

(IN BRIEF) SEDEMAC has adopted Siemens’ Xcelerator portfolio, including Polarion™ X and Teamcenter® X software, to streamline the development of its motor control units for electric vehicles, hybrids, eBikes, and power tools. By integrating these tools, SEDEMAC aims to enhance … Read the full press release

EIB Backs Vay’s Expansion of Remote-Driven Car-Sharing in Europe with €34 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has provided a €34 million loan to Vay, a German teledriving technology company, to support its expansion in Europe. Vay’s innovative system allows vehicles to be remotely driven by trained drivers from a … Read the full press release

EIF and LfA Förderbank Bayern Partner to Unlock €400 Million in Financing for Bavarian SMEs’ Innovation and Sustainability

(IN BRIEF) The European Investment Fund (EIF) has partnered with LfA Förderbank Bayern to expand a guarantee programme aimed at supporting small and medium-sized enterprises (SMEs) in Bavaria. With a €13 million counter-guarantee from the EIF, the programme will enable … Read the full press release

EIB Greenlights €5.8 Billion to Drive Global Energy, Transport, and Innovation Advancements

(IN BRIEF) The European Investment Bank (EIB) Board has approved €5.8 billion in new financing to support various projects across Europe and beyond. This includes €2.2 billion for clean energy and water projects, €1.8 billion for urban development and education, … Read the full press release

EIB and Groupe BPCE Expand Partnership to Provide Over €1 Billion for French SMEs’ Innovation and Renewable Energy Projects

(IN BRIEF) The EIB Group, comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), has teamed up with Groupe BPCE to support small businesses and mid-caps in France. They signed two financing agreements exceeding €1 billion to … Read the full press release

Lindner Launches MUTE+® Wings: Acoustic Absorbers Combine Sound Control with Elegant Design and Lighting

(IN BRIEF) Lindner Group has launched the MUTE+® wings, a new line of acoustic wall absorbers designed in collaboration with Simon Busse. Inspired by the lightness of wings, these sound-absorbing panels enhance room acoustics by reducing noise and reverberation, creating … Read the full press release

Infineon Unveils SECORA™ Pay Green: Revolutionizing Payment Cards with Eco-Friendly, Recyclable Technology

(IN BRIEF) Infineon Technologies AG has launched SECORA™ Pay Green, the world’s first contactless payment card technology designed to significantly reduce plastic waste and carbon emissions in the payment card industry. This new solution integrates an eco-friendly Coil-on-Module (eCoM) package, … Read the full press release

Ericsson Expands R&D Focus in India to Boost 5G Innovation with Network APIs and AI

(IN BRIEF) Ericsson is expanding its R&D efforts in India, focusing on Network APIs and AI technologies to enhance 5G capabilities. These APIs will allow developers and industries to leverage advanced 5G features like network slicing and quality on demand. … Read the full press release

TÜV Rheinland Unveils New Certification Services at Annual Launch Event, Paving the Way for Product Advancements

(IN BRIEF) TÜV Rheinland Greater China recently held its annual new service launch event in Shenzhen, unveiling a comprehensive suite of certification services for electronic and electrical products. These services focus on diverse environments and emphasize key areas such as … Read the full press release

Audi Expands Electric Lineup with New Q6 Sportback e-tron, Offering Up to 656km Range and Cutting-Edge Features

(IN BRIEF) Audi has unveiled the new Q6 Sportback e-tron, expanding its electric vehicle portfolio. The new Sportback boasts a sleek and dynamic design inspired by the Audi TT Coupé, offering an extended range of up to 656 kilometers due … Read the full press release

SETsquared and QantX Launch £300 Million Investment Fund to Boost Science and Technology Spin-Outs in the South and South West

(IN BRIEF) The SETsquared Partnership universities, including the University of Southampton, and QantX have launched a £300 million investment vehicle to accelerate the growth of science and technology companies. This initiative aims to address funding disparities in the region and … Read the full press release

Integrated Wind Solutions Partners with NIB to Drive Offshore Wind Innovation Toward Net Zero

(IN BRIEF) Integrated Wind Solutions (IWS), a Norway-based company focused on the offshore wind industry, is advancing its commitment to renewable energy through a comprehensive range of services that support the entire lifecycle of offshore wind farms. Established in 2020 … Read the full press release

Covestro Paves the Way for Circular Economy with €100 Million Investment in R&D

(IN BRIEF) Covestro has announced a €100 million investment aimed at enhancing its research and development (R&D) infrastructure over the next three years, targeting sustainable solutions and digital advancements. This initiative supports the company’s commitment to becoming fully circular and … Read the full press release

Vonovia Launches BIM.permit Software to Revolutionize Construction Approvals and Enhance Efficiency

(IN BRIEF) Vonovia has successfully implemented its new BIM.permit software, developed in collaboration with VSK.software, to streamline the approval process for new construction projects by checking 3D models for compliance with building regulations. The initiative marks a significant advancement in … Read the full press release

Siemens Erlangen Factory Recognized as Digital Lighthouse by World Economic Forum

(IN BRIEF) The World Economic Forum (WEF) has honored Siemens’ Erlangen factory in Germany with the designation of Digital Lighthouse Factory, incorporating it into the Global Lighthouse Network. This accolade recognizes advanced manufacturing sites that effectively utilize fourth industrial revolution … Read the full press release

MegaFair Revolutionizes the iGaming Industry with Skill-Based Games

(IN BRIEF) MegaFair is transforming the iGaming industry by focusing on skill-based gaming, catering to the growing demand for entertainment and strategic competition among players. By moving away from traditional luck-based gambling, MegaFair offers a unique blend of excitement and … Read the full press release

EU Finance Ministers Back EIB Group’s Action Plan to Enhance Capital Markets and Support Innovative Companies

(IN BRIEF) European Union finance ministers have endorsed a new Action Plan from the European Investment Bank (EIB) Group aimed at strengthening the Capital Markets Union. This initiative is designed to broaden financing options for innovative European companies and unicorns, … Read the full press release

BASF Showcases Groundbreaking Sustainable Plastic Solutions at Fakuma 2024

(IN BRIEF) BASF is showcasing its latest sustainable innovations at Fakuma 2024 under the theme #ourplasticsjourney, focusing on more efficient and eco-friendly plastic solutions. Highlights include the SIRIUS 3RV2 circuit-breaker, developed with Siemens, which uses biomass-balanced plastics, and BASF’s expanded … Read the full press release

ZF Celebrates Milestone with 250 Million Electric Parking Brake Units, Leading the Way in Brake System Innovation

(IN BRIEF) ZF, a global leader in foundation brake systems, has achieved a major milestone by producing 250 million Electric Parking Brake (EPB) units. This accomplishment highlights ZF’s pioneering role in EPB technology, which it introduced nearly 25 years ago. … Read the full press release