How do you make the step from academia to entrepreneurship? That’s one of many topics that Dr Giorgia Longobardi, co-founder and CEO of Cambridge GaN Devices, dives into in the latest episode of the UKTN Podcast. Longobardi co-founded Cambridge GaN Devices (CGD), a fabless semiconductor company, in 2016. It is developing transistors that use gallium ... Read more ›
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Banks and fraudsters are engaged in a never-ending game of cat and mouse. On one side, fraudsters move money around to remove traces of criminality. On the other, banks are on the lookout for suspicious activity that indicates financial fraud. “Criminals put money through the financial system in a series of layers to mask its ... Read more ›
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The UK’s quantum computing sector has been handed a major boost in the form of a £42m funding round for London-based Quantum Motion, a startup using “chips similar to those in a phone” for quantum computers. The investment represents the largest-ever funding round for a UK quantum startup, beating the £38m raised by Oxford Quantum ... Read more ›
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The Business Growth Fund (BGF) has revealed that it invested £69m into early-stage UK and Ireland tech companies last year. The majority of investments made from the fund went toward firms working in deep tech, life sciences in addition to climate and sustainability. “In 2022 we saw a broad spectrum of earlier stage opportunities across ... Read more ›
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The Business Growth Fund (BGF) has revealed that it invested £69m into early-stage UK and Ireland tech companies last year. The majority of investments made from the fund went toward firms working in deep tech, life sciences in addition to climate and sustainability. “In 2022 we saw a broad spectrum of earlier stage opportunities across ... Read more ›
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The UK represented only 0.3% of global patents in the semiconductor industry last year, despite a surge in new technologies in the sector, new research has found. Intellectual property law firm Mathys & Squire has found that the number of newly filed patents in the semiconductor sector rose by 59% in the last five years, ... Read more ›
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The Law Commission has published its review of remote driving in the UK and has given guidance on how it should be regulated. Its paper states that the current laws surrounding remote driving technology are too vague when the vehicles cannot be seen by the driver and suggest a new prohibition measure “immediately”. This new ... Read more ›
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London-based fitness tech developer Quell has closed a $10m (£8.3m) Series A funding round in support of its gamified exercise product. Looking to combine video games and exercise, Quell follows on from the tradition pioneered by the likes of Nintendo’s Wii Fit and Xbox Kinect. The difference, according to Quell, is in its ability to ... Read more ›
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Party leaders, cabinet members, and MPs across the House have spoken loudly and clearly on the importance of innovation, technology and entrepreneurship to the UK’s growth strategy. In a speech last month, Chancellor Jeremy Hunt reminded us that the UK ranks fourth on the Global Innovation Index and made clear his ambition to make the ... Read more ›
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Compared to the dizzying, cheap-capital-fuelled heights of 2021, London’s IPO markets had a relatively slow 2022. Just 45 companies across all sectors completed an IPO in London last year, compared to 126 in the year prior. Global conflict, political instability, and spiralling inflation – among other factors – have contributed to last year’s slowdown in ... Read more ›
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Cazoo has sold its German subscription company Cluno just two years after acquiring it, in the used car marketplace company’s latest retreat from the European market. The sale to ViveLaCar and The Platform Group for an undisclosed sum follows Cazoo’s announcement last September that it is withdrawing from Europe to solely focus on the UK ... Read more ›
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Dronamics, a company making autonomous cargo drones, has landed $40m (£33.5m) in pre-Series A capital from investors including Founders Factory and Speedinvest. The London-based company is developing the Black Swan drone, designed to carry cargo weighing up to 350kg over ranges of up to 2,500km. Dronamics is targeting the same-day, long-distance delivery market for industries ... Read more ›
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These days, data breaches regularly make the news cycle: last March Microsoft was targeted, with Cortana and Bing compromised by hackers. The company acted swiftly and shut the attempt down, but Crypto.com wasn’t so lucky when it was breached: hackers stole cryptocurrency from customers worth $35m. In 2022, T-Mobile settled a data breach from the ... Read more ›
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The “second wave” of crypto will be regulated and more environmentally friendly, according to Starling Bank CEO Anne Boden. Speaking on the UKTN Podcast, Boden explained that the crypto industry is currently “lacking sufficient practical and moral purpose”. The lack of safeguards in the cryptoasset industry has led to numerous scandals and controversies, including the ... Read more ›
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ServCity, a Nissan and government-backed autonomous driving project, has finished after three years and racking up 1,600 test miles. Taking place in Greenwich, London, the project was carried out using a Nissan LEAF electric car to create a “blueprint” on how cities around the country could eventually integrate self-driving vehicles and the feasibility of “robotaxi” ... Read more ›
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John Ridd is the co-founder and CEO of Greenpixie, a platform that measures cloud computing carbon emissions. Greenpixie has created a dashboard to analyse and track CO2 emissions, integrating with cloud providers such as Amazon Web Services and Microsoft Azure to calculate emissions based on usage data. The platform also provides data for businesses looking ... Read more ›
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Pydantic, an open-source Python library, has been backed by US tech investment giant Sequoia to the tune of $4.7m (£3.9m). Pydantic is used by coders to convert external datasets into the correct format and prevent the programme from crashing. A Python library is a reusable chunk of code that developers can draw upon instead of ... Read more ›
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London-founded web3 startup Nefta has received $5m (£4.2m) in a seed investment round, with $2.5m (£2.1m) coming from Play Ventures’ Future Fund. Nefta provides various tools such as digital assets, multi-chain wallets and tokens for businesses to create their own web3 games. “With their support, we’re able to power the next evolution of game economies, ... Read more ›
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Digital bank Zopa has acquired the Newcastle-under-Lyme, Staffordshire-based buy now pay later (BNPL) company DivideBuy for an unspecified amount. Zopa’s first acquisition comes fresh off the back of its £75m round this month, where the fintech said it would spend funds on its “growing balance sheet” and “M&A dealmaking”. Its acquisition of DivideBuy after its ... Read more ›
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A Cambridge-based biotechnology company founded by a Nobel Prize winner has closed £13m in Series A funding led by LifeArc Ventures, with contributions from Monograph Capital and BGF. Cambridge-based Maxion Therapeutics will put the capital towards its antibody drugs treating “ion channels and G-protein-coupled receptors”, which are the cell surface proteins associated with diseases such ... Read more ›
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29.06.2026 03:56
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