The National Cyber Security Centre (NCSC) and Plexal have revealed the four latest startups joining its cybersecurity accelerator programme. Companies on the 12-week programme, known as NCSC for Startups, will receive technical expertise to progress their technologies and business. NCSC, which is part of the British intelligence agency GCHQ, is running the startup initiative with ... Read more ›
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The UK video streaming market took a significant hit last year, losing around two million paid subscriptions across all platforms in 2022, according to new data. In total, the number of paid online video subscriptions in the UK dropped from 30.5m to 28.5m last year, according to a report from data analytics firm Kantar Group. ... Read more ›
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LiveMore, a provider of financial services to customers aged 50 and over, has secured a £250m credit facility from New York’s Citi Bank. Launched in 2020, London-based LiveMore was established to service the 50 to 90+ age group, which the company has described as being underrepresented in finance. The company provides mortgages to older consumers ... Read more ›
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Telecoms giant BT Group is trialling 5G and 4G mobile internet coverage provided by hydrogen-powered drones. The drones, from Cambridge-based Stratospheric Platforms, carry a mobile internet antenna, have a wingspan of 60 metres and use a liquid hydrogen energy system that means they can fly for more than a week at a time. Tim Whitley, ... Read more ›
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A bumper year for initial public offerings (IPOs) in 2021 was followed by a relatively slow 2022 for London public market debuts. Now, amid turbulent economic headwinds, all eyes are on how the UK’s public markets will perform in 2023 — and which tech companies are likely to IPO. Some UK tech companies have openly ... Read more ›
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Approximately 85% of crypto firms do not meet the lowest levels of compliance, the UK’s financial regulator has revealed. The data was published in a conversation between the Financial Conduct Authority (FCA) and the Treasury Committee, revealing that the overwhelming majority of crypto businesses fell short of complying with the financial regulator’s anti-money laundering and ... Read more ›
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Lloyds Banking Group has invested £4m into Caura, a motoring admin app that provides a centralised place for tasks including paying for tolls, city charges, vehicle excise duty, MOTs and vehicle tax. It is Lloyd’s first fintech investment of the year and comes as part of the bank’s involvement with the Fintech Delivery Pledge, a ... Read more ›
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Chancellor Jeremy Hunt has reiterated his vision of making the UK the “next Silicon Valley”, this time to an audience of tech representatives from the likes of Meta, Microsoft, Amazon, Apple, and Google. In a speech given today in London, the chancellor set out a plan to boost the UK economy ahead of his Spring ... Read more ›
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The government has officially established the Advanced Research and Invention Agency (ARIA), an independent body that will fund “high-risk, high-reward” scientific research and technology projects. The government first announced plans to launch ARIA in February 2021. It takes its inspiration from DARPA, the US government research and development agency that has played a pivotal role ... Read more ›
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Hamish Grierson is the CEO and co-founder of Thriva Health, an at-home blood testing company aiming to increase the length of time people live healthy lives. Grierson founded Thriva Health in 2016 alongside Eliot Brooks and Tom Livesey. Its direct-to-consumer service tests for health areas including cholesterol, vitamin levels and liver health. The London-based health ... Read more ›
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The corporate venture capital arm of Covid-19 vaccine maker Pfizer has co-led a $49m (£39.6m) investment into Oxford-based biotech startup Grey Wolf, which develops immuno-oncology therapeutic technology. Founded in 2017, Grey Wolf Therapeutics specialises in combating tumours with its novel anti-cancer treatment. The company is looking to launch medical trials on human patients soon. “This ... Read more ›
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Atlantic Money has written a letter to the UK’s competition regulator accusing British fintech Wise of being “harmful competition” by delisting the payments startup from its price comparison tool. In a letter to the Competition and Markets Authority (CMA), seen by UKTN, Atlantic Money claims that Wise implements policies that “result in it only comparing ... Read more ›
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Shazam co-founder Dhiraj Mukherjee has backed employee volunteering tool onHand in its $4m (£3.2m) pre-Series A funding round. Dubbed the “Uber for volunteering” by IBM, onHand is an app that connects employees with sustainability volunteering opportunities, such as youth mentoring and crisis response, and tracks any savings of CO2e. Mukherjee said: “At a time when ... Read more ›
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Public seed-stage funding for British microchip startups and incentives for venture capitalists are among the measures being considered by the government in its upcoming semiconductor strategy, according to reports. The state-owned British Business Bank, Innovate UK and the National Security Strategic Investment Fund are being considered as channels to provide the taxpayer funding, according to ... Read more ›
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Former chancellor Philip Hammond has called for the UK to move faster with crypto policy after being appointed as the chair of the London-based digital asset unicorn Copper. The ex-politician, who served as chancellor under Theresa May, told the Financial Times that the UK needs to catch up with other European countries when it comes ... Read more ›
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South Wales-based IQ Endoscopes has raised £5.2m in an investment round led by BGF for its single-use endoscope device. The medtech startup’s single-use endoscope can be used to initially detect gastrointestinal conditions and various cancers. “Regulatory bodies such as the FDA are increasingly encouraging single-use endoscopes as a means of improving patient safety and ensuring ... Read more ›
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UK research and development (R&D) activity is exiting the country in droves amid new policies that have faced backlash from the tech startup community, new research has suggested. Some 69% of businesses said they moved R&D activity abroad last year, according to a survey conducted by British performance consultancy firm Ayming UK. Its report found ... Read more ›
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Upp, a sustainable food harvesting startup, has secured £500,000 in pre-seed funding to develop and commercialise its broccoli upcycling technology. Founded in 2022, Upp is operating in the plant-based protein market, which has grown in popularity due to heightened concerns about the environmental impact of the meat industry. The Shropshire-based company is focused on both ... Read more ›
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It was Fred Soneya’s experience selling online nursery supplies that led to him co-founding early-stage investment firm Haatch. While ecommerce lead at Kiddicare, Soneya dealt with many B2B software as a service companies. “We used lots of them. We used startups to power our customer experience and as a customer of a SaaS company that ... Read more ›
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Manchester-based venture capital firm Praetura Ventures has appointed a previous Apple executive, a former Team GB swimmer and a CTO as partners. The trio of new partners at Praetura are Lee Forster, Colin Greene and Andy Barrow. All three also join Praetura’s board. Before Praetura, Greene worked at Apple for twelve years, holding various roles ... Read more ›
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29.06.2026 08:44
Last update: 08:35 EDT.
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