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Oscar Hornstein @ UK Tech News · 11/04/2024 05:29 EDT

The UK is an ‘ideal’ market for carbon removal tech

As the UK government holds firm on its commitment to supporting carbon capture and storage technology, it is presenting itself as an “ideal” location for climate tech startups. In last week’s Autumn budget, Chancellor Rachel Reeves confirmed the Treasury would be putting billions into green technologies, with a clear emphasis on hydrogen power and carbon ... Read more

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UK Tech News
Simon Hunt @ UK Tech News 3 place · 11/04/2024 01:36 EDT

GitHub’s UK user base surges past 4 million as platform turns to AI tools to turbocharge growth

GitHub has seen its UK user base surge past 4 million in 2024 as the developer platform turns to a host of new AI tools to turbocharge its future growth. The Microsoft-owned business has seen a 19% jump in the number of UK developers on the platform, up from 3.4 million last year. Britain currently ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 11/01/2024 07:42 EDT

UK tech funding roundup: This week’s deals from Semble to CybaVerse

This week’s UK tech funding deals include medical provider management platform Semble, cybersecurity consultancy CybaVerse, AI surgical operations startup Scalpel AI and more. UKTN tracked £26.5m worth of UK tech investment this week (28 October to 1 November), a 38% week-on-week decrease across four funding rounds. Here’s your weekly roundup of UK tech startup funding ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 2 place · 11/01/2024 07:13 EDT

Southampton startup trials quantum technology with Royal Navy

As quantum technology rapidly develops, use cases are being tested to see how the novel research can make real impacts in society. One such use case could support the British Armed Forces, keen to gain any international advantage available from new technologies. The Royal Navy has tested ‘cold atom’ technology developed by Southampton quantum startup ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 3 place · 11/01/2024 06:06 EDT

Google wins UK legal challenge over YouTube Shorts branding

Google has won a legal challenge that could have forced the tech giant to drop the branding of ‘shorts’ from its TikTok-inspired platform. Google, which owns YouTube, was brought to a UK court by London-based short film distributor Shorts, which argued that YouTube’s branding of its shorter-form video scrolling platform – also called Shorts – ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 11/01/2024 01:00 EDT

BFB Labs founder: Diversity attracts diversity

Manjul Rathee is the co-founder and CEO of BFB Labs, a London-based startup that has developed a digital platform to support the mental health of young people. In this week’s Founder in Five Q&A, Rathee discusses making sure you have a diverse core team, the benefits of supportive confidants and building tech for good companies. What ... Read more

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UK Tech News
Russ Shaw @ UK Tech News · 10/31/2024 08:31 EDT

The state of UK investment: Does Labour’s Budget help drive innovation?

With Chancellor Rachel Reeves’ promise to “invest, invest, invest”, the Autumn Budget was the first clear indication of the new government’s priorities for driving economic growth. In the preceding PMQs, the outgoing Leader of the Opposition urged the Prime Minister to “channel his inner tech bro”. And while there were some encouraging announcements on this ... Read more

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UK Tech News
Ben Bilsland @ UK Tech News · 10/31/2024 07:20 EDT

More to come from ‘technology-enabled’ Labour budget

The government speaks positively about technology at the core of their strategy, referring to a ‘technology-enabled’ approach in their reforms to public service. This budget included and made a commitment of $2bn in NHS digital technology. The word ‘technology’ appears 34 times on the Autumn budget policy paper – where it is also clear there ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 10/31/2024 06:44 EDT

AI surgery startup Scalpel raises £3.8m

A startup using AI and computer vision to support the management of surgical tools and implants has closed a £3.8m funding round. Scalpel AI was founded in 2017 by two doctors who had witnessed critical errors from the mismanagement of surgical tools. The Essex-based company has developed technology to identify and track the performance of ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 10/31/2024 06:25 EDT

What did UK tech make of the Autumn budget?

The first budget statement from the recently formed Labour government has been delivered and with it, came tax rises for employers and asset holders, a major increase in public spending and a reiterated declaration from Rachel Reeves that driving investment and growth is the top priority in Keir Starmer’s premiership. As expected, the opposition was ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 10/30/2024 10:57 EDT

Autumn budget 2024: All the key tech policies

Chancellor Rachel Reeves has delivered the 2024 Autumn budget, with key tech policies including funding for clean energy and climate tech projects, support for the life sciences sector and the protection of R&D tax relief. The budget speech also included a number of tax policy announcements affecting the financial burden on founders and investors. Here ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 10/30/2024 07:18 EDT

Budget Speech 2024 LIVE: Chancellor Rachel Reeves sets out tax and spend changes

Today, Chancellor of the Exchequer Rachel Reeves will deliver the Labour government’s first budget statement speech since coming to power in July.    At around 12:30 pm on Wednesday, Reeves, who will become the first woman chancellor to deliver a budget speech, will unveil key areas of fiscal policy that will guide the direction of this ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 3 place · 10/30/2024 06:31 EDT

Imperial turns to Silicon Valley to fund tech partnerships

Imperial College London is targeting 100 new funded science and tech partnerships in 2025 with US firms following the launch of its Silicon Valley base. The British university has become the first to establish a permanent science and technology base on US soil with the launch of Imperial Global USA. The Californian physical presence of ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 10/30/2024 05:51 EDT

IQE CEO steps down as shares slump at semiconductor group

The chief executive of Welsh semiconductor manufacturer IQE has left the company amid a slump in the group’s share value. Americo Lemos, 57, who has run the chip firm since 2022, has left the company with immediate effect. IQE shares have been dropping in recent months amid concerns over the pace of recovery in the ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 3 place · 10/29/2024 06:52 EDT

Octopus-backed health tech Semble raises £11.6m Series B

Octopus and Mercia-backed health tech startup Semble has closed a $15m (£11.6m) Series B funding round as it looks to expand overseas. London-based Semble has developed a clinical system to replace the outdated technology that many medical providers operate with. The British Medical Association recently estimated that doctors in England lose more than 13 million ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 3 place · 10/29/2024 06:08 EDT

Google-backed Oxa rolls out self-driving Ford vans

Google-backed autonomous driving technology firm Oxa has launched its self-driving technology for Ford E-transit vans and minibuses onto British and American roads. The Oxford-based self-driving vehicle software group is looking to accelerate the commercialisation of its technology, with the hopes that its Ford E-Transit launch represents a major stepping stone in the wider release of ... Read more

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UK Tech News
UKTN @ UK Tech News 3 place · 10/29/2024 01:00 EDT

Podcast: Why you can never do enough to prevent fraud – Martina King, CEO, Featurespace

This week’s podcast guest is Martina King, CEO of Featurespace, who discusses why fraud has been an issue since the dawn of humanity, how the big banks are spending massive amounts on anti-fraud measures and only catching around half of all cases, and growing a company from a startup to a success story with interest from ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 2 place · 10/28/2024 06:00 EDT

Wise CEO handed £350,000 fine for manager conduct breach

Wise co-founder and CEO Kristo Käärmann has been fined £350,000 for breaching a senior manager conduct rule. The fintech executive was fined by the Financial Conduct Authority (FCA) for not disclosing to the watchdog previous regulatory breaches during its assessment of his fitness and propriety. The FCA said Käärmann did not properly consider the significance ... Read more

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UK Tech News
Simon Hunt @ UK Tech News 2 place · 10/28/2024 02:11 EDT

‘Why did I vote for Labour?’ UK tech’s testy relationship with the new government

There were high hopes among senior ranks of UK tech that a fresh Labour government would mark a reset in relations with the sector, ushering in a wave of new investment and unleashing the talents in top tech firms to drive digital transformation inside the operations of the state. But nearly four months on from ... Read more

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UK Tech News
Ashley Montanaro @ UK Tech News 3 place · 10/28/2024 02:09 EDT

Budget cuts threaten the nation’s position in critical technology

Quantum mechanics holds the key to understanding many aspects of the physical world, and for decades scientists and engineers across the globe have been developing technologies able to harness its unique properties for useful applications. Quantum computing – where the classical ‘bit’ of information is replaced by its quantum equivalent – is one of these ... Read more

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