The University of Cambridge has appointed the former CEO of Tech Nation to lead a new programme supporting tech founders hailing from the university. Gerard Grech will head up the initiative, called Founders at The University of Cambridge, which will connect academics, entrepreneurs, alumni and peer role models. It will have a focus on deep ... Read more ›
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Space technology company SatVu has revealed the first images and videos captured from its thermal imaging satellite as it commences commercial operations. Images were taken from around the world at sites including a harbour in Darwin Australia (pictured), Las Vegas and wildfires in Canada. The firm uses infrared to gather data on building emissions. It ... Read more ›
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Ministers in the UK have called for a pause in the use of live facial recognition surveillance, recently announced by the policing minister. The cross-party coalition of 65 policymakers today issued a statement that said: “We call on UK police and private companies to immediately stop using live facial recognition for public surveillance.” The call ... Read more ›
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US company PsiQuantum has opened its first international research and development site at Daresbury Laboratory in Cheshire. PsiQuantum, headquartered in Palo Alto, California, is aiming to build the first “large-scale” quantum computer. The Silicon Valley company will work with the lab, located in the Sci-Tech Daresbury campus, to create fault-tolerant applications for utility-scale quantum computing. ... Read more ›
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Losses at British chip designer Graphcore widened last year, with the Bristol-based firm posting a pre-tax loss of $204.6m. Losses for the year ended December 2022 were 11% higher than the year before, the company’s latest financial accounts show. Revenue at the company, which designs hardware and software for intelligent processing unit (IPU) systems, was ... Read more ›
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Nick Telson is the co-founder of Trumpet, a London-based B2B digital sales platform. Sales teams can use the Trumpet platform to create customised microsites for prospects, without requiring coding knowledge. These virtual ‘pods’ include tools for sales demos and document signing. Founded in 2021, the company has secured a total of $3.1m in funding, with ... Read more ›
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Startup consultancy firm Plexal has launched a £1.47m scaleup programme for London-based climate tech businesses in partnership with Shift. The Future Industries Demonstrator Programme, partly funded by the government-backed UK Shared Prosperity Fund, aims to support 215 London startups that are developing technologies to tackle the climate crisis. The programme will grant £25,000 to successful ... Read more ›
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FlexSea has bagged £3m in a combination of equity and grant funding to replace plastic packaging with a seaweed-based alternative. The London-based startup has developed a range of biopolymer materials from seaweed and other natural ingredients Thibaut Monfort, co-founder and CTO of FlexSea, said: “We are heavily investing in equipment and machinery for in-house R&D, ... Read more ›
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State-owned investment group British Business Bank has launched a £150m investment fund targeting Scottish SMEs. The fund from the investment bank will grant debt funding between £25,000 and £2m as well as equity investments of up to £5m to Scottish SMEs. British Business Bank said the project is the first solely government-backed SME investment fund ... Read more ›
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The government has committed £70m in support towards the development of “next-generation” telecommunications tech. Additionally, the UK has joined Australia, Canada, Japan and the US in a worldwide telecoms coalition. Dr Kedar Pandya, executive director of cross-council programmes at UKRI, said: “This £70m investment will, via the Future Telecoms UKRI Technology Missions Fund Programme, form ... Read more ›
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An investigation is being launched by the UK competition regulator into the suppliers of public cloud infrastructure. The Competition and Markets Authority’s (CMA) inquiry is being carried out following the result of a study by the communications body Ofcom, which discovered problems for customers looking to switch cloud provider or use multiple services. Sarah Cardell, ... Read more ›
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The current funding slowdown means startup founders must be more flexible in their search for investors. But should that stretch to compensating investors for taking a board seat? It’s tough out there for many startups, as venture investors take a more cautious approach to writing cheques. UK tech venture capital funding was down 57% in ... Read more ›
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London-headquartered medtech company Automata has picked up $40m (£33m) in fresh funding for its automated lab robots. Writing via a post on its website, CEO and co-founder Mostafa ElSayed said he predicts the company will install five times the amount of robots compared to last year. Its LINQ lab automation benches, designed for wet labs, ... Read more ›
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The AI Safety Summit will feature 100 attendees split roughly between international cabinet ministers, CEOs from top AI companies, academics and civil society representatives. Matt Clifford, Entrepreneur First boss and a leading figure in planning the summit, revealed a handful of details about who will be in attendance at the world-first summit on AI safety. ... Read more ›
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The majority of young tech workers in the UK (85%) believe that the widespread adoption of AI tech will be positive, a survey has found. UK workers aged between 20 to 30 years old were found to be the most welcoming of AI compared to anywhere else in Europe. The ‘Young Generation in Tech’ survey ... Read more ›
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Cash raised from initial public offerings (IPOs) in the UK has fallen over the last quarter as London markets continue to face trying conditions. According to data from accounting firm EY, public markets in London saw just five listings, raising £359.8m, in the third quarter of the year. It represents a 36% drop compared with ... Read more ›
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Female-founded AI companies have made up just 2% of the startup deals in the sector over the last 10 years, according to new research. Despite investors seemingly tripping over themselves to back promising AI startups, a new report from the Alan Turing Institute has found there is a stark gender imbalance among the founders receiving ... Read more ›
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Fintech ClearBank is appointing four new board members with experience at the likes of Zopa Bank and Virgin Money in preparation for launching outside of the UK. After holding the position of chair at both the Bank of Ireland and Zopa Bank, Peter Herbert will now hold the same role at ClearBank. Tim Wade becomes ... Read more ›
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The tech secretary has unveiled a £60m funding vehicle, dubbed the Regional Innovation Fund, aimed at boosting research and development (R&D) in the UK. Announced by Michelle Donelan, the Regional Innovation Fund (RIF) will target universities in areas with lower levels of R&D output, with the wider goal of boosting both the local economies and ... Read more ›
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A Manchester-based startup combining concrete with graphene has secured three government grants totalling £1.25m. By adding graphene – often described as a ‘wonder material’ – Concretene says its material is as much as 30-50% stronger than standard concrete and produces fewer carbon emissions. The solution was created by Nationwide Engineering Research & Development and the ... Read more ›
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15.06.2026 05:08
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