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The Exodus Hub enables small start ups to enjoy big company benefits. We scale up as a community to leverage professional support services: seed funding , project approval for government funding (chief scientist office and other sources), VC’s , angels. As a Hub tenant you have access to experienced and well connected professionals who can take you through the process. Exodus Hub also offers workshops and events designed to efficiently help members stay current. These networking opportunities enable entrepreneurs to expose ideas and get linked with key players in the dynamic world of hi tech start ups. Exodus HUB business accelerator hosts over 20 growing entrepreneurs in various developmental stages, mainly from Internet and IT fields. Specialties: • Agent for international companies, specializing in sourcing electronic components • Sourcing expert • Business Intelligence • HUB for internet and IT startups • Business development • Networking expert

Tuesday, June 09, 2009

article on REACH enforcement - all EU suppliers are now required to comply

REACH Now a Reality
Written by Administrator
Friday, 05 June 2009
BRUSSELS -- As of June 1, all EU suppliers are now required to comply with a raft of substance restrictions under the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) Regulation.

The substance restrictions apply every time an article is supplied (including components, sub-assemblies and finished equipment) and enforcement action can be taken at any point in the supply chain. The substance restrictions also apply to distributors that resell components and sub-assemblies, and retailers that resell finished equipment.

The 53 substance restrictions are detailed in Annex XVII of the REACH Regulation (as amended) and cover a range of applications. In addition to substances already restricted under the RoHS Directive, there are 19 additional REACH substance restrictions that can be relevant to electrical and electronics equipment and hardware.

More substances are expected be added to the list by the European Chemicals Agency and EU Member States. However, the list of REACH restricted substances is expected to develop more slowly than the REACH Candidate List of Substances of Very High Concern, which may grow by up to 25 substances per year according to the ECA. Substances on the Candidate List require declaration if the component, sub-assembly or finished equipment contains more than 0.1% w/w of that substance.

REACH enforcement is carried out through Member State regulations and is coordinated across Europe by the ECHA Forum for Exchange for Information on Enforcement. In France, for example, companies that do not comply with REACH restrictions face a maximum prison sentence of two years or a maximum fine of €75,000. In the UK, noncompliant companies face a maximum penalty on conviction on indictment of a fine (unlimited) or imprisonment not exceeding two years, or both.