The Manchester Prize has returned for its second year as the British government hopes to incentivise AI innovation in the clean tech sector with £2m of prizes. First announced by former chancellor Jeremy Hunt during the 2023 Spring Budget speech, the Manchester Prize is an annual competition for AI developers in the UK managed by ... Read more ›
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In a world where many of the most famous and wealthiest people in the world are tech founders, you would assume that society recognises entrepreneurship as one of the most valuable and important pursuits anyone can follow. However, when I left a successful career in banking to become the co-founder of a startup, that couldn’t ... Read more ›
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Shares in EnSilica sunk as much as 12% after markets opened on Tuesday as the British chipmaker warned on its survival without further funding. The Oxford-based business has said that it would not be able to continue trading for another twelve months unless it continued to receive funds from existing customers as well as seek ... Read more ›
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Not content to simply champion the artificial intelligence industry, the British government is entering the chatbot market with the launch of a business support AI assistant. Announced by the Department for Science, Innovation and Technology (DSIT), GOV.UK Chat has launched in a limited trial to be tested by up to 15,000 businesses. UKTN and other ... Read more ›
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This week’s podcast guest is Aron Gelbard, co-founder and CEO of Bloom and Wild. Gelbard discusses why flower delivery has been a surprisingly difficult practice to perfect, how the Covid-19 pandemic massively boosted his firm’s popularity and how he went from management consultancy to founding a startup. Bloom and Wild is an online flower delivery ... Read more ›
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A Silicon Valley-based property giant has announced a £500m investment into a British research campus, following the chancellor’s pledge to bring private investment into fast-growing UK businesses. Property developer Prologis, valued by Dealroom at $140.4bn, will fund a 115,000 sq ft expansion to the Cambridge Biomedical Campus. The development will bring new lab space, which ... Read more ›
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Most popular sources
Business Insider
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21% 12 |
Wired
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10% 6 |
The Verge
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8% 2 |
Android Authority
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7% 4 |
Tech Wire Asia
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7% 3 |
| View sources » | |
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27.11.2024 05:30
Last update: 05:25 EDT.
News rating updated: 12:23.
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