Business support agency London & Partners has expanded its global growth programme to Scotland and the West Midlands first time. The ‘Grow Global’ initiative will provide more than 100 scaleup businesses with support to increase their international presence. The one-year programme provides support via trade missions, workshops, events and networking opportunities. The programme has previously ... Read more ›
0
The UK’s chief financial regulator has doubled down on his campaign for buy now pay later (BNPL) regulation to protect consumers. Speaking at Imperial College London Business School, Financial Conduct Authority CEO Nikhil Rathi restated that while BNPL offers some benefits to consumers it “poses a risk and needs regulation”. Rathi said that when it ... Read more ›
6
Almost three-quarters (72%) of UK tech companies would favour an IPO in London instead of overseas, according to a new study. A survey of 2,500 companies conducted by equity management platform Ledgy found that the London Stock Exchange was the preferred float destination for tech firms, despite the recent narrative that the US is a ... Read more ›
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IMU Biosciences, a life science startup using AI to map the human immune system, has raised £11.5m in Series A funding. Founded in 2021, IMU Biosciences is building an ‘atlas’ for the immune system, with the goal of supporting diagnostics and drug development. The company’s CytAtlas platform combines systems-level immunophenotyping – a process to identify ... Read more ›
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Customer loyalty and CRM platform Embargo has raised $870,000 (£684,600) in a funding round featuring a Revolut executive and two professional basketball players. London-headquartered Embargo works with hospitality businesses to provide customer data to inform retention strategies. Businesses’ loyalty card programmes can be connected to the Embargo CRM and accessed by customers via the Embargo ... Read more ›
56
Support network Tech Nation has revealed the startups selected for the 2024 cohort of the Libra programme, which aims to champion underrepresented founders. Now in its third year, Libra is a programme addressing the funding and support gap faced by ethnic minority founders. Tech Nation said that between 2009 and 2019, just 0.24% of all ... Read more ›
30
Wayland Additive, a Huddersfield-based startup, has raised £4.2m to expand its electron beam 3D printing manufacturing business. Wayland Additive designs, develops and sells industrial 3D printing machines for markets including aerospace, mining, medicine, motorsports and defence. Wayland Additive claims its electron beam 3D printers, called Calibur3, can create geometrically complex products. The company operates in ... Read more ›
64
Two-thirds of the UK believe the government do not understand emerging technologies – such as AI – enough to adequately regulate them, new research claims. The 2024 Edelman Trust Barometer – an annual mass survey of public opinion on various institutions – revealed that in the UK, there is considerable anxiety over the government and ... Read more ›
11
The UK must not rely on immigration “in the long-term” for digital skills and ensure companies can draw from domestic talent, the tech secretary has said. Speaking to the UKTN Podcast, Michelle Donelan said: “It’s not good enough for us to just rely on the crutch of immigration in the long-term, because we want to ... Read more ›
10
Concrete4Change, a Nottingham-based startup that captures and mineralises CO2 to develop sustainable concrete, has raised £2.5m. The startup is looking to drastically cut the levels of carbon dioxide present in the atmosphere by trapping it in concrete, which is in turn made stronger. The startup does this by capturing CO2 from the atmosphere with its ... Read more ›
0
Last week Michelle Donelan, the secretary of state for science, innovation and technology, shared her ambition to make the UK a “scaleup superpower” and significantly increase the proportion of unicorns – startups valued at $1bn or more – based in the country. Speaking at our innovation centre Plexal – located on our Here East technology ... Read more ›
2
The UKTN Podcast is back for another series and our first guest is Michelle Donelan, the secretary of state for science, technology and innovation. During the show, the tech secretary discusses the government’s plan to make the UK a “scaleup powerhouse” and provides more detail on some of the support measures involved, such as a ... Read more ›
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Plural, an investment group targeting early-stage tech startups, has announced a new €400m (£342.5m) fund. The group was launched in 2022 by founders and early employees from Wise, Skype, Songkick and others. The investment organisation is based on the idea that startup founders and operators are the best positioned to support the next generation of ... Read more ›
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Sano Genetics, a Cambridge-based software platform for patient recruitment in clinical trials, has raised $11.4m (£9m). The company is aiming to improve the efficiency of medicinal clinical trials by offering pharmaceutical companies catered patient recruitment. The British Research Panel in 2023 published data claiming that only one in five trials find enough participants within the ... Read more ›
0
London-listed digital mental health business Kooth has said it expects revenue of £33.3m for 2023. That would represent a year-on-year increase of approximately 65%, Kooth said in a trading update published on Monday. Last year Kooth secured its largest contract to date with the State of California. Kooth launched its digital mental health platform and ... Read more ›
1
UK-based tech job-focused search platform Otta has been acquired by French recruitment company Welcome to the Jungle. Founded in 2019, Otta is an employment search tool for startup job seekers. It has worked with companies such as Deliveroo, Checkout.com and Multiverse. The platform lets job seekers create customisable searches for key details such as visa ... Read more ›
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Google’s planned $1bn Hertfordshire data centre has been described as a “huge vote of confidence in the UK” by the prime minister. Announced by Google last week, the 33-acre UK data centre will be built in the Hertfordshire town of Waltham Cross. Prime Minister Rishi Sunak said: “It’s a huge vote of confidence in the ... Read more ›
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Leeds-based climate tech company C-Capture has appointed the former chief of microchip designer Arm as chair. Warren East brings nearly four decades of industrial tech experience to the board of C-Capture, including a 12-year tenure as chief executive of Arm. He then held the CEO role at Rolls-Royce from 2015 to his retirement in December ... Read more ›
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ElevenLabs, a London-based AI text-to-speech company, has been valued at more than $1bn after an $80m (£63m) Series B round. The company, which launched its first beta product in January 2023, has raised a total of $101m in support of its AI voice generation technology. ElevenLabs offers free AI-generated voices based on user prompts and ... Read more ›
2
Tech Nation has unveiled the 25 climate startups taking part in its first programme since relaunching without government funding. The six-month programme will provide participating businesses with support in areas such as fundraising and customer acquisition. The cohort includes startups innovating materials, developing reusable packaging and decarbonising housing. Startups on the programme will receive support ... Read more ›
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Most popular sources
Business Insider
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35% 8 |
CNET
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11% 4 |
TechRadar
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7% 5 |
The Verge
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7% 2 |
Gizmodo
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6% 2 |
| View sources » | |
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29.11.2024 09:39
Last update: 09:32 EDT.
News rating updated: 16:32.
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