Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Europe's defence challenge energises young techies at hackathon

    Europe's defence challenge energises young techies at hackathon

    Published by Global Banking and Finance Review

    Posted on March 31, 2025

    Featured image for article about Headlines

    By Toby Sterling

    AMSTERDAM (Reuters) - A weekend hackathon in Amsterdam aimed at finding fast-and-cheap battlefield solutions for Ukraine drew more than 100 young programmers and engineers, with many saying Europe's rearmament plans were prompting them to consider careers in defence.

    European countries are boosting military spending after U.S. President Donald Trump signalled the United States may no longer guarantee their security as it has since World War Two.

    That has led some young people who would previously have focused on financial software or artificial intelligence to consider jobs in military technology.

    "I've been interested in defence a long time, even before the Russian invasion (of Ukraine)," said 24-year-old Swede Emil Knutsson. "And I can for sure feel that in my generation there has been a change in how young people think about it."

    The Amsterdam hackathon - the name for a conference where attendees break into small groups and try to build something new in a single weekend - was organised by privately-owned European Defense Tech Hub (EDTH) in partnership with Ukraine's state-backed defence technology accelerator Brave1.

    While Knutsson's project was affordable "squad radar" systems to help Ukrainian soldiers fight Russia's invasion, many teams focused on building drones, or technology to detect or disable them. Some attendees were seeking help or funding for a startup idea, others simply to network and support Ukraine. 

    Benjamin Wolba at German-based EDTH, which held its first event last June and plans half a dozen more across Europe this year, said interest had snowballed following the Munich Security Conference in February. Trump's upending of U.S. policy on Ukraine, adopting a more conciliatory stance towards Russia, was another factor, he added.

    "The West not being super-sure about U.S. support anymore, and seeing that we need to rearm Europe – that is certainly creating urgency for people to come," Wolba said.

    Andreas Michaelides, whose multinational team tested a system using seismic waves to detect movements in enemy territory, said defence innovation was no longer confined to big-budget companies.

    "Every single one of us can get into this," he said, citing software advances and the advent of drone warfare.  

    Among the hackathon's judges was Bram Oostvogel of NUNC Capital, which said last week it will invest 20 million euros ($22 million) in early-stage ventures using Ukraine as a proving ground for ideas that could in time fill Europe's security gaps.

    He said European venture capital and private equity investors and banks were all now taking defence seriously.

    "It's important that you first take care of your primary needs - security, safety - and not 'likes' or kudos on Facebook," Oostvogel said.  

    ($1 = 0.9244 euros)

    (Editing by Catherine Evans)

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe