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
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
Major UK investors in Apple have called on the tech giant to publish transparency reports about its use of AI and associated risk management. Scottish asset manager Abrdn and London’s Legal and General Investment Management (LGIM) are planning to back a resolution for the company to disclose information about the ethics and usage of its ... Read more ›
2
The biggest rate limiter on UK tech is no longer capital or talent. It’s not even regulation. It’s regulators. For decades, startups, investors and government alike have focused their energy on capital and talent reforms, two of the most critical ingredients for any tech ecosystem. Today, VC investment has increased tenfold in just over a ... Read more ›
20
A Scottish government-backed programme has launched its first hub in San Francisco to foster ties between startups from Scotland and the Silicon Valley tech community. The Techscaler pilot programme will see 12 startups work out of an office at the heart of Silicon Valley for around two weeks at a time. The facility is located ... Read more ›
2
Endeavor Ireland, a non-profit supporting tech entrepreneur growth, has announced the cohort for its second Northern Ireland scaleup programme. Based in Dublin and Belfast, Endeavor runs various networking and development programmes for “high impact” companies. The Northern Ireland scaleup programme is a five-month project that will include mentorship sessions tailored to the participants, with the ... Read more ›
34
Work-life balance ranks as a bigger priority of all work benefits for UK workers, more than higher pay (61% vs 39%) in both current and future jobs, according to the latest Amex Trendex Report. Looking at priorities for 2024, the survey found that almost three-quarters of UK workers (71%) say having a good work-life balance ... Read more ›
2
The CEO of London-listed fintech CAB Payments is stepping down less than a year after its lacklustre initial public offering. Bhairav Trivedi, who has run the money transfer firm since 2021 and oversaw its July IPO, will step down on 26 March. Trivedi will transition to an advisory role on the board. “On behalf of ... Read more ›
2
This week marks the grim two-year milestone of Russia’s full-scale invasion of Ukraine. It’s an unfortunate truth that war breeds innovation. Yet the accelerated development of defence tech to aid Ukraine’s war effort – from both Ukraine itself and its allies – has prompted a remarkable display of unity within the European tech ecosystem. From ... Read more ›
0
Dominic Vergine is the CEO and founder of Monumo, a startup that is using AI to redesign the electric motor. Founded in 2021, Monumo this week came out of stealth backed by £10.5m in seed funding. The deeptech startup’s machine learning tools can run millions of simulations per day to test alternative designs of the ... Read more ›
13
Overall investment into UK-based AI companies almost halved in 2023 compared with the year prior despite the technology dominating the zeitgeist, according to new research. Last year, 291 UK AI companies raised £1.4bn across 311 announced funding rounds, compared with the £2.9bn raised in 2022, according to an annual private equity report from Beauhurst. The ... Read more ›
2
The UK tech startup and investor landscape is facing significant ramifications from updated definitions for sophisticated investors and high-net-worth individuals under new financial promotion rules. In the absence of a U-turn from the chancellor, a pragmatic approach is required to undo the damage to the tech ecosystem. From January 31, the salary threshold for a ... Read more ›
0
Samphire Neuroscience, a London-based medtech startup specialising in women’s health, has raised £1.8m in funding. The startup was founded in 2021 to address, what co-founder and CEO Emilė Radytė described as, the “notoriously under-researched and underfunded” issue of women’s menstrual health. Samphire Neuroscience is developing a wearable tech device to address a range of challenges ... Read more ›
3
Regional independent industry association FinTech Wales has appointed former Founders Factory strategist Sarah Kocianski as CEO. Founded in 2019, the organisation represents Wales’ fintech community, offering a collective voice for government lobbying and acting as a collaborative ecosystem for the industry. The group also runs the FinTech Wales Foundry accelerator for promising startups in the ... Read more ›
15
ExactTrak, a cybersecurity company that has developed remote physical memory destruction technology, has raised £1m. Based in Banbury, ExactTrak provides firms with embedded security solutions to protect devices and data from attacks. The company says its flagship product, SmartSafe, remotely monitors devices and performs cyber surveillance when the machine is switched off. Features include location ... Read more ›
27
Startup valuations in the UK & Ireland bucked a broader downround trend across wider Europe in 2023 amid the “year of correction”. Last year downrounds – in which a company raises capital at a lower valuation – were widely reported at companies including Gousto, Getir and eToro. Across Europe, 21.3% of deals were downrounds compared ... Read more ›
19
Napier AI, a London-based financial crime compliance software provider, has raised £45m in debt financing from US investor Crestline. Founded in 2015, Napier AI develops anti-money laundering solutions for the banking, payments and asset management industries. Clients use Napier’s software to screen, monitor and identify suspicious activities and to perform regulatory reporting directly from the ... Read more ›
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London-based VC firm Molten Ventures has acquired a secondary position, worth €8.5m (£7.3m), in a Seedcamp investment fund. Molten Ventures acquired approximately 19% of Seedcamp’s Fund III, which launched in 2014 with $30m. The vintage fund contains a handful of now-prominent tech firms, including Revolut, Curve, Wefox and Pleo. The group said it does not ... Read more ›
1
The government has launched an accelerator for UK tech startups looking to expand into the German market. Managed by the Department for Business and Trade (DBT), the accelerator will offer places for six British emerging tech companies and will provide training and resources to grow their presence in Germany. The accelerator is seeking startups in ... Read more ›
2
Scientific research is a vital part of the innovation economy and one in which the UK prides itself on excelling. Researchers at academic institutions devote their lives to studying disease, medicine, environmental damage and other important areas that need the attention of experts. Several options exist to direct funding towards scientific research in the UK. ... Read more ›
2
University of Nottingham spinout IsomAb has raised £7.5m for its research into treatments for diabetic patients. Founded in 2022, IsomAb is developing a process to treat those at risk of amputation due to diabetes. The startup is currently working on treatments for peripheral arterial disease (PAD), a condition where arteries in the legs and feet ... Read more ›
17
Most popular sources
Business Insider
|
35% 8 |
CNET
|
11% 4 |
TechRadar
|
7% 5 |
The Verge
|
7% 2 |
Gizmodo
|
6% 2 |
| View sources » | |
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29.11.2024 09:38
Last update: 09:32 EDT.
News rating updated: 16:32.
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