Business

  In 2025, European startups are experiencing remarkable growth, fueled by increased investments and strategic initiatives aimed at fostering innovation across various sectors. European Innovation Council's €1.4 Billion Investment: The European Innovation Council (EIC) has allocated €1.4 billion for 2025 to support deep-tech research and high-potential startups, marking an increase of nearly €200 million compared to 2024. This funding aims to bolster advancements in sectors such as artificial intelligence (AI) and climate resilience. A significant addition to the 2025 work programme is the EIC Strategic Technologies for Europe Platform (STEP) scale-up scheme, designed to enhance access to scale-up equity funding for startups developing strategic technologies.  Notable Funding Rounds: Cera Care: In early 2025, Cera Care, a UK-based home healthcare provider, raised $150 million in funding. The investment aims to expand its AI-driven home healthcare services, enhancing patient...

  Government Initiatives for Diversification  :  Many Middle Eastern governments are actively pursuing economic diversification in 2025, aiming to lessen their reliance on oil. Saudi Arabia's Vision 2030 continues to drive growth in non-oil sectors like tourism and technology, with the non-oil economy projected to expand significantly. The UAE is also advancing its diversification agenda, focusing on knowledge-based industries and attracting foreign investment, building upon the foundations of its Vision 2021. These initiatives involve substantial investments in new sectors, regulatory reforms, and efforts to enhance the private sector's role, all geared towards creating more sustainable and resilient economies in the region.