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 ›
15
Science Creates has launched the second iteration of its equity-free biotech accelerator programme, backed by the UK government and a handful of European and US VCs. The accelerator programme, funded through the UK Research and Innovation (UKRI) Technology and Missions Fund, will support the development of deep tech startups developing bioengineering technology. The scheme, open ... Read more ›
1
Investment firms have been urged to increase their transparency regarding the gender breakdown of top positions. The recommendation came from the independent women-led high-growth enterprise taskforce, established in 2022 to identify the barriers for women in accessing high-growth capital and suggest solutions. In its newly published report, the taskforce – chaired by Starling Bank founder ... Read more ›
15
Ever since Pav Gill blew the whistle on corrupt payments company Wirecard he has wondered why it fell to him to expose Germany’s largest case of corporate fraud. “What was the bigger purpose behind it?” he says. Now, the Singaporean lawyer believes he has found the answer to that self-reflection with a new startup for ... Read more ›
0
Sheffield-based cybersecurity startup Sitehop has raised £5m to develop encryption tools for complex communication networks. Founded in 2021, Sitehop aims to address the problem of cybersecurity encryption slowing down communications networks. The company offers hardware-enforced encryption via its flagship product, SAFEblade 1100. Sitehop said it can support over 4,000 secure tunnels at once with encryption ... Read more ›
3
For those who follow the UK tech sector closely, watching Arm‘s share price go from strength to strength has been a bittersweet experience. Sweet because Arm is a British company specialising in one of the single most important global technologies, and a fantastic example of the potential for world-leading technological capability the country possesses. Bitter ... Read more ›
9
HACE, a Manchester startup flagging when companies are exposed to child labour in their supply chains, has raised £450,000 in pre-seed funding. Founded in 2020, HACE has built an AI-powered index that gathers data from listed firms in real time to monitor the likelihood of child labour being present somewhere in its supply chain. Estimates ... Read more ›
2
Lapse, a recently founded social media platform looking to take on Instagram with filter-free pictures, has closed a $30m (£23.7m) Series A round. Lapse is a photo-sharing app that claims to be focused more on friends than followers. The company said its platform was inspired by the experience of disposable cameras, hosting unedited pictures taken ... Read more ›
2
Mondra, a London-based food supply chain decarbonisation platform, has raised £3.6m in pre-Series A funding. Founded in 2020, Mondra is a software platform to record, monitor and share environmental data throughout the food supply chain. The company uses AI to create digital twins of food supply chains and provides tools to encourage participating organisations to ... Read more ›
2
Innovate UK has awarded £500,000 in grant funding to support a project to develop lab-grown meat in the North East. Three groups in the North East – the Centre for Process Innovation (CPI) in Redcar and MarraBio and Aelius Biotech in Newcastle – will jointly receive funding to collaborate on the low-emissions food project. The ... Read more ›
2
Enterprise software provider Sage has launched a generative AI productivity assistant to work alongside its HR and accounting tools. The explosion in popularity of generative AI has prompted dozens of tech firms to incorporate so-called “co-pilots” into their product offering. Microsoft has its ChatGPT-powered AI co-pilot, Salesforce launched Einstein GPT and now Newcastle software giant ... Read more ›
0
Autonomous vehicle company Oxa has deployed its first commercial product, a passenger shuttle service in Florida, US. Founded in 2014 as Oxbotica, the company develops software for self-driving vehicles. Having raised £115m in a Series C round last year that included Google, the company has now launched its first commercial offering. Oxa Driver software will ... Read more ›
2
Enterprise software provider Sage has launched a generative AI productivity assistant to work alongside its HR and accounting tools. The explosion in popularity of generative AI has prompted dozens of tech firms to incorporate so-called “co-pilots” into their product offering. Microsoft has its ChatGPT-powered AI co-pilot, Salesforce launched Einstein GPT and now Newcastle software giant ... Read more ›
0
Southampton-based drug discovery startup Curve Therapeutics has raised £40.5m in a Series A round led by Pfizer’s investment arm. Founded in 2019, Curve Therapeutics is developing a platform to discover biologically active molecules against targets that the company said have been difficult to address using conventional drug discovery. The Curve Therapeutics Microcycle platform examines the ... Read more ›
1
Events platform Hopin is winding down its UK business and relocating its headquarters to the US. It comes six months after the company once valued at nearly $7.8bn sold its virtual events unit for $50m (£39m) to RingCentral. Company filings show that Hopin appointed PWC to oversee the liquidation process. Hopin has entered voluntary members’ ... Read more ›
2
The UK has always been a hub of innovation, from inventing the lightbulb and the telephone to discovering the medicinal benefits of penicillin and the structure of DNA. You could say innovation runs in the genes of this country. Recent advances in artificial intelligence are now merging technology with life sciences. Considering Britain’s strong historical ... Read more ›
0
VentureCEO, a business support programme for early-stage CEOs, has today launched with backing from Amazon Web Services and AlbionVC. The free scheme has been launched by accountancy firm Cooper Parry’s tech and high-growth team. The programme will include coaching from later-stage CEOs and a commitment of support from firms in the legal, accounting, HR, PR, ... Read more ›
1
In this week’s episode of the UKTN Podcast, Jess Jackson, investment manager at Manchester-based VC Praetura Ventures, discusses the challenges startups in the North face, the stark gender divide in the tech and investment worlds and how the government should be supporting small businesses and underrepresented entrepreneurs. Jackson joined the Manchester-based venture capital firm in ... Read more ›
1
The UK and United Arab Emirates (UAE) will explore ways to collaborate in AI research and investment as part of the tech secretary’s visit to the Middle East this week. Tech Secretary Michelle Donelan is today visiting the UAE and over the two-day trip will discuss deepening ties between the two countries for AI development. ... Read more ›
6
University of Leeds spinout Adsilico has secured a £3.5m investment for its AI-powered medical device testing system. Founded in 2022 based on research from the West Yorkshire university, Adsilico has developed a method for trialling new devices before entering human clinical tests that the company claims reduces costs, accelerates R&D timelines and eliminates the need ... Read more ›
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NCG, a London-based tech infrastructure developer, has appointed Christopher Baldock as its new chair. Founded in 2019, NCG provides tech solutions for “built environment” firms, servicing the real estate and urban logistics industries in the UK and Europe. The company works will clients including Deliveroo, CloudKitchens and Colliers, providing internet connectivity, smart security systems and ... Read more ›
2
Most popular sources
Business Insider
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29% 1 |
Tech Wire Asia
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12% 5 |
CNET
|
9% 2 |
TechRadar
|
6% 5 |
Tom's Hardware
|
6% 4 |
| View sources » | |
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29.11.2024 07:48
Last update: 07:41 EDT.
News rating updated: 14:41.
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