The Manchester Prize has returned for its second year as the British government hopes to incentivise AI innovation in the clean tech sector with ÂŁ2m 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 âș
15
Jammable, a London-based AI startup that generates cloned voices of popular celebrities and characters, is facing legal action from the British music industry over alleged copyright infringements. The British Phonographic Industry (BPI), a trade body for UK music, has accused Jammable, formerly Voicify AI, of infringing on the copyright of artists to create its voice ... Read more âș
6
Hiring neurodivergent employees can give startups access to unique perspectives and skills. By embracing inclusive recruitment, businesses can increase their competitive advantage. Excelling in areas such as problem-solving, creativity, pattern recognition, analytical thinking and memory, many people with autism, dyslexia, and ADHD are well suited to technical roles. But without a supportive and inclusive working ... Read more âș
0
The startup and investor community shouldnât be too concerned by a year-over-year decline in funding, according to British Patient Capitalâs investment managing director. Speaking to UKTN, Ian Connatty, an investment executive at British Patient Capital, part of the state-owned British Business Bank, said that âstats are not going to rise to the sky every yearâ. ... Read more âș
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As the EU Parliament celebrates being the first to pass a pervasive global framework for AI regulation, the global startup community cautiously awaits the interpretation and implementation of many unclear aspects of the AI Act. The danger that these laws â which will apply to all companies that deploy AI in EU member states â ... Read more âș
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Techscaler, a startup support programme from the Scottish government, has partnered with FinTech Scotland to grow the countryâs financial technology sector. Fintech has become one of the UKâs most prominent tech subsectors. While London has become the centre of UK financial technology, fintech firms in Scotland have grown to employ more than 10,500 people. Startups ... Read more âș
0
A startup using sunlight to digest plastics and another developing a smart neuro-fitness device are among the 11 businesses selected for the inaugural Start Accelerator programme from Founders at the University of Cambridge. Founders at the University of Cambridge is an initiative at the university to support the growth of startups created by students. It ... Read more âș
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ThinkSono, a health tech startup looking to use AI to improve the efficiency of ultrasound procedures, has raised ÂŁ2.1m. Founded in 2016, ThinkSono has developed an AI-powered imagining tool for healthcare professionals conducting ultrasound scans â procedures in which high-frequency sound waves are used to look inside the bodies of patients. The companyâs flagship product ... Read more âș
0
Building a business is a bit like driving a car. You donât just look at the speedometer all the time â there is a ton of other stuff to focus on. Itâs an analogy I often share with founders when trying to explain why having tunnel vision on product-market fit can spell disaster for their ... Read more âș
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Dalraj Nijjar is the co-founder and chief commercial officer (CCO) of Concrete4Change, a startup that captures and mineralises CO2 to develop sustainable concrete. The Nottingham-based startup has developed technology to capture CO2 from the atmosphere and mix it in with fresh concrete as an additive. Concrete4Change says the result is concrete that is 20% stronger ... Read more âș
0
This week saw UK tech funding deals for savings platform Flagstone, electric courier service Packfleet, Hydrogen generator developer Suiso, battery tech firm Anaphite and more. UKTNÂ tracked ÂŁ219.6m worth of funding deals for UK tech firms this week (11 March to 15 March), with fintech and energy tech the most represented sectors. Hereâs your weekly roundup ... Read more âș
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The UK business of electric vehicle company Arrival owes more than ÂŁ1.2bn to creditors across unpaid tax, wages, suppliers, and money owed to shareholders, administrator documents show. The UK arm of the formerly Nasdaq-listed EV developer entered administration in February after it was unable to secure a buyer. It followed a collapsed SPAC merger deal last ... Read more âș
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Takeaway delivery provider Deliveroo cut losses by almost 90% in 2023 after cutting operating costs, but annual profits remain elusive. The London-listed firm posted a loss of ÂŁ31.8m in its 2023 earnings, down significantly from the ÂŁ294.1m loss the year prior. Company revenue grew by 3% to ÂŁ2bn. Administrative expenses and other operating expenses dropped ... Read more âș
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Regionally focused investor Mercia Asset Management has raised ÂŁ60m across three northern venture capital trusts (VCTs). The VCTs, which direct investment into the North of England, launched an initial share offer for ÂŁ42m in September, with an overallotment option of ÂŁ18m. âI am delighted that the Northern VCTs have achieved a significant fundraise in the ... Read more âș
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Building public trust in autonomous vehicles is key, but commercialising at pace will be essential to cement UK leadership, according to the business minister. Speaking to UKTN, Nusrat Ghani, the minister of state at the Department for Business and Trade, said building public trust is âabsolutely keyâ in the autonomous vehicle rollout and it must ... Read more âș
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The EU has approved the Artificial Intelligence Act, the worldâs first major regulation aimed at creating safeguards for the rapidly advancing technology. But what does it mean for UK technology businesses? On Wednesday European lawmakers voted overwhelmingly to pass the EU AI Act, bringing the bloc one step closer to regulating high-impact, general-purpose AI models ... Read more âș
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The tech department has announced ÂŁ35m in funding for the semiconductor industry as the UK joins an EU scheme providing grant funding for startups. By joining the Chips Joint Undertaking â an EU scheme to advance the European semiconductor ecosystem â UK chip firms will have enhanced access to a âŹ1.3bn funding pot for collaborative ... Read more âș
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Just 4% of neurodiverse founders say they never experience discrimination in business because of their neurodiversity, new research has found. A survey of 500 neurodiverse founders from across the UK found that 31% of respondents âregularlyâ experienced discrimination. Meanwhile, 33% said they âsometimesâ face discrimination, 17% said âalwaysâ, and 15% said ârarelyâ. Neurodiversity is a ... Read more âș
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A Bristol-based battery tech startup has secured nearly ÂŁ1.6m in funding from a government grant and private sector investment. Anaphite said it will use the influx of capital to continue developing its âdry-coatingâ technology, a method that the startup says can reduce the cost of electric vehicle (EV) battery manufacturing. âWe are directing all these ... Read more âș
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A biotech centre in Edinburgh has received an ÂŁ847,000 investment from the Scottish governmentâs funding agency to build new fermentation equipment. The funding, made through Scottish Enterprise, will support the installation of a 300-litre fermenter â a tank providing a controlled environment for large-scale microbial changes â at FlexBio. Its current fermenter has a 30-litre ... Read more âș
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SME financial services platform Tide is launching in Germany in the companyâs second international market expansion. London-headquartered Tide offers financial management tools and business banking accounts to SMEs. It will now provide financial services to German businesses, with the official launch of the German app coming in the next few months. The Germany launch follows ... Read more âș
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Most popular sources
Business Insider
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31% 0 |
Tech Wire Asia
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20% 8 |
CNET
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7% 1 |
TechRadar
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5% 4 |
Tom's Hardware
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5% 1 |
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29.11.2024 03:46
Last update: 03:40 EDT.
News rating updated: 10:41.
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