Scottish venture capital firm Par Equity has announced the first close of its £100m northern startup fund. The VC today announced it had closed £67m with an aim to hit the £100m target sometime next year. Looking to address the funding gap in the UK for tech startups outside London, Par Equity’s latest fund will ... Read more ›
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The government has unveiled a £32m funding pot for businesses and research teams looking to incorporate AI technology in new use cases. AI projects across a diverse range of areas including fashion and agriculture will be supported by government funding in the lead up to the AI Safety Summit. An additional £5m has been awarded ... Read more ›
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The government has unveiled the agenda for the opening day of its AI Safety Summit in November that will focus on the risks of frontier AI. The two-day event set to take place in Bletchley Park from 1 November will open with parallel sessions on understanding frontier AI risks including to national security. Topics will ... Read more ›
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Next month more than 70,000 people are expected to descend on Lisbon for the annual Web Summit. Representing fast-growth businesses, policymakers, founders and CEOs of some of the world’s largest tech businesses, the four-day summit will look to answer the question – what’s next for the tech industry? Web Summit is also home to the ... Read more ›
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The UK technology sector has been buffeted by significant changes over the last few years. From the switch to remote working due to the Covid-19 lockdowns and increased reliance on the cloud, to the most recent developments in generative AI, digital technology has never been more integral to everyday life. While this is an inevitable ... Read more ›
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A group of London universities have collaborated to launch an initiative to provide funding and support for social venture startups in the city. The London Social Venture Fund from University College London (UCL) and Queen Mary University of London will provide early funding for startups pursuing a “social goal”. In total, there are 11 London ... Read more ›
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The sudden and violent outbreak of war in Israel-Palestine this week has rocked the UK’s Israeli tech community. More than 400 Israeli tech companies operate in the UK, collectively employing 6,300 UK residents. Several high-profile tech firms founded in Israel are now headquartered in London, including Gett, Plus500 and Rapyd. UKTN reached out to more ... Read more ›
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A Treasury-backed review of the UK’s university spinout ecosystem has been delayed from its end-of-summer publication date. UKTN understands that the Treasury is now working towards publication before the Autumn Budget on 22 November. Led by figures from academia and venture capital, the independent review will identify the best practices for commercialising university research. It ... Read more ›
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The tech secretary has called on technology companies to lend their “capabilities and expertise” to support Israel against Hamas. In a letter written to UK tech companies Michelle Donelan, the secretary of state for the Department of Science, Innovation and Technology (DSIT), urged technology firms to rally behind Israel as the conflict in Gaza intensifies. ... Read more ›
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A climate tech startup aiming to reduce pressures on the national grid and cut commercial electricity bills has secured $3m (£2.5m) in seed funding ahead of its launch in the UK this month. Elyos Energy has created a software platform that connects to smart energy devices in commercial buildings to automate schedules and use more ... Read more ›
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Cybersecurity company Darktrace has boosted revenues by 28% and offered positive full-year guidance after fending off fraud accusations from short-sellers. The London-listed cybersecurity company revealed its most recent revenue for the three months ending 30 September rose to £131.3m, more than a quarter higher than the same period last year. In a trading update in ... Read more ›
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After beginning 2023 with a bang – hat tip to Stripe’s $6.6bn round of funding – fintech has since seen a significant slowdown, with funding and deals falling to levels not seen since 2017. In spite of this, there are new fintech jobs advertised each week, especially in London. CB Insights’ State of Fintech Q2 ... Read more ›
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The Competition and Markets Authority (CMA) has approved Microsoft’s £56bn bid to acquire video game publisher Activision Blizzard, after six months after the deal was first blocked. The UK competition regulator gave its seal of approval to the largest-ever acquisition in the video game industry after Microsoft offered a restructured deal to ease the regulator’s ... Read more ›
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Sophie Flynn is the co-founder and CFO of Transact365, a global payments company supporting fintech, retail and digital entertainment businesses. Launched in 2017, Transact365’s services include bank accounts, open banking and card payments. The London-headquartered company has expanded to Asia with offices in Singapore and is regulated by the UK’s Financial Conduct Authority. Flynn, a ... Read more ›
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Charging infrastructure company Go Eve has obtained a US patent for its electric vehicle charging tech before expanding into the country next year. Shared first with UKTN, the US patent will protect Go Eve’s ‘DockChain’ method of splitting vehicle charging points into more than one. John Goodbody, co-founder and marketing director of Go Eve, said: “DockChain ... Read more ›
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A State of California bill will require all venture capital firms in California to publish diversity data on their investments every year. Is this the correct approach to improving diversity in fund allocation and should the UK consider a similar legal requirement to California’s? Signed off on the 8 October, Senate Bill 54 will be applicable ... Read more ›
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A lead analyst at the Bank of England has warned financial institutions of the danger of bias when implementing AI models. In a recent blog post, Kathleen Blake said that firms expect the use of AI and machine learning to more than triple over the next three years, thereby exacerbating the need to understand the ... Read more ›
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Northern Irish startup Cirdan, which develops digital tools for pathology clinics, has raised £2.3m in a round led by Kernel Capital. Based in Lisburn, Cirdan’s platform, which the company claims is used in over 150 laboratories and hospitals across 20 countries, offers a variety of digital support services for pathology. The Cirdan platform includes specimen ... Read more ›
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Danish quantum startup Kvantify has expanded into the UK with the appointment of four ex-Benevolent AI employees to its drug discovery division. As part of its move into the UK the quantum startup has partnered with the chemistry department at King’s College London to explore new quantum use cases and sponsor a PhD student. Hans ... Read more ›
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The government has unveiled the first 12 members of its chip design incubator ChipStart, as part of the National Semiconductor Strategy. Its £1.3m two-year ChipStart programme will be delivered by accelerator programme SiliconCatalyst.UK. There will be two consecutive cohorts, with the programme ending in March 2025. Each of the semiconductor startups joining the incubator will ... Read more ›
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24.06.2026 17:21
Last update: 17:16 EDT.
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