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Oscar Hornstein @ UK Tech News · 11/22/2024 00:00 EDT

Oxford Ionics founder: Focus on the risks you don’t understand

Chris Ballance is the co-founder and CEO of Oxford Ionics, a startup developing a “trapped-ion” approach to quantum computer technology. In this week’s Founder in Five Q&A, Ballance discusses why founders should focus on the challenges they don’t understand as much as those that they do, motivating teams with a vision they can believe in and ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 11/21/2024 05:29 EDT

Can sawdust replace petrochemicals? 

A clean tech startup is converting sawdust and woodchips into natural alternatives to essential chemicals in an effort to reduce the reliance on fossil fuel-derived products. Scotland-based Sonichem is working towards opening its first commercial plant in 2027, aiming to process up to 15,000 tonnes of forestry material a year as the UK government looks ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 11/21/2024 04:49 EDT

HSBC Innovation Banking appoints Emily Turner as new CEO

HSBC Innovation Banking has poached Citi star Emily Turner as its new CEO as the lender at the centre of Britain’s tech ecosystem marks a new chapter in its growth. Turner departs her role at Citi as Head of Business Development, ending a 13-year career at the top US bank. Over the past decade, Emily ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News 3 place · 11/20/2024 13:01 EDT

‘Myopic’ focus on equity splits has been ‘put to bed’, spin-out review author says

A ‘myopic’ focus on concerns over equity splits in university spin-outs has been ‘put to bed’ one year on from the publication of a government-commissioned review, one of its authors has said. Doctor Andrew Williamson, Managing Partner of Cambridge Innovation Capital and co-author of the independent review of university spin-out companies, said concerns over the ... Read more â€ș

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UK Tech News
Aaron Edwards @ UK Tech News · 11/20/2024 08:03 EDT

Quick-charging electric buses launch today as part of mayor’s Zero carbon pledge 

New safer electric buses have begun their London rollout today on the 358 route powered by tram-like pantograph technology.  The technology means drivers can charge the buses in as little as six minutes at either end of the 15-mile route, removing the need to return to garages to recharge.  This comes as part of Mayor ... Read more â€ș

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UK Tech News
Aaron Edwards @ UK Tech News 1 place · 11/20/2024 07:21 EDT

Daily Mail owner acquires stake in generative AI startup as Guardian, Sky strike partnership

The owner of the Daily Mail has acquired a major stake in an artificial intelligence start-up as publishers look to generative AI in search of new streams of revenue.   DMG Media, which also owns the Metro, the I newspaper and the New Scientist magazine, has invested in ProRata.ai, a company that aims to pay publishers ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 11/20/2024 06:12 EDT

Rail operators ‘struggling with long-term investment decisions’ on tech, Tracsis says

One of the biggest technology suppliers to the British rail network has warned operators are struggling with long-term investment decisions amid delays to network reforms. Chris Barnes, CEO of Leeds-based Tracsis, said operators were ‘nervous to spend money’ on upgrades to critical infrastructure amid uncertainty over how Britain’s rail system will be governed amid plans ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 11/20/2024 05:57 EDT

E-bike group Forest under investigation for allegedly misleading consumers about its ‘free’ service 

One of the biggest rivals to e-bike rental company Lime is under investigation over claims it has misled consumers by saying its services can be accessed for free.  London-based Forest, formerly known as Human Forest, is understood to be facing a probe from the Advertising Standards Authority (ASA) after it received complaints that the e-bike ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 11/20/2024 04:18 EDT

Government to investigate impact of social media on children

The government has launched a review into the impact of social media on the wellbeing of young people as media regulator Ofcom prepares to enforce the Online Safety Act.  As the global panic around kids using social media continues – with claims of links with depression, self-harm, eating disorders and access to inappropriate content – ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 11/20/2024 03:53 EDT

Tewke raises ÂŁ2.6m in seed round to develop intelligent light switch

A climate Tech start-up behind a new touch-screen light switch has raised ÂŁ2.6m in funding in its seed round. London-based Tewke said the round out-performed its initial target of ÂŁ1m. The London-based firm said the funding will allow the to develop their intelligent light switch, Tap, which is designed to help you automatically optimise the ... Read more â€ș

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UK Tech News
Mahdi Yahya @ UK Tech News · 11/19/2024 09:06 EDT

Why the UK needs a sovereign cloud infrastructure

The UK’s startup ecosystem wears the crown in Europe – and the path to this success has been paved by several vital factors: world-leading research institutions, a highly-developed financial sector, and hungry entrepreneurial talent. But other nations are jostling for position – they all are looking for a chink in the UK’s armour to exploit. ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 11/19/2024 04:43 EDT

British chipmaker CML posts sales rise as it warns on subdued demand and building delays

British chipmaker CML Microsystems has warned on ‘subdued’ demand for semiconductors and delays to construction of new facilities as it posted a rise in sales. The Essex-based business, which develops mixed-signal, RF and microwave semiconductors for communications firms and  operations in Cambridge, UK and California, USA, said planned upgrades to facilities in the US had ... Read more â€ș

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UK Tech News
UKTN @ UK Tech News · 11/19/2024 04:19 EDT

Podcast: How social media is preparing for the Online Safety Act – Almudena Lara, policy director, Ofcom

This week’s podcast guest is Almudena Lara, policy director at Ofcom, who discusses how social media firms are gearing up for the incoming enforcement of strict rules designed to keep children safe in digital spaces.  Ofcom is the UK’s media and communications regulatory body. The watchdog was recently granted new powers in regulating content on ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 11/19/2024 04:11 EDT

Belfast Harbour awarded £400k to automate logistics 

A Belfast Harbour-led consortium has been awarded funding for a feasibility study into the adoption of autonomous port technology.  The Northern Irish maritime hub has been awarded almost ÂŁ400,000 from the Department for Transport (DoT)’s Smart Shipping Acceleration Fund.    The group will carry out a study at the Harbour’s Victoria Terminal 3 to determine how ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 11/18/2024 19:01 EDT

Manchester Prize returns with £2m prize for clean energy AI projects 

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 â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 11/18/2024 06:19 EDT

Loss-making biotech group appoints ex-Sandoz CFO to board 

London-listed gene therapy company Oxford Biomedica has brought on pharmaceutical executive Colin Bond as a board member as Leone Patterson steps down.  Bond, who will join the life sciences firm in January 2025, started his career as a pharmacist and management consultant at firms including Procter & Gamble, Arthur Andersen and PwC.  More recently, Bond ... Read more â€ș

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UK Tech News
Philippe Masson @ UK Tech News · 11/18/2024 05:37 EDT

‘End-of-year reviews underperforming? Here’s how to fix it’

The fast-paced nature of the UK’s tech ecosystem means that end-of-year reviews can often feel like outdated, box-ticking exercises that get in the way of more important tasks – especially for tech companies striving for growth. However, as the shift to hybrid working continues to blur the boundaries between our personal and private lives, it’s ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 11/18/2024 05:22 EDT

Delays hit Kondor AI’s takeover proposal of Aquis-listed Ora Technology

Aquis-listed AI company Kondor AI has suffered further delays in its proposed acquisition of carbon credit trading app Ora Technology.  Kondor, which listed on the challenger exchange in 2023, first proposed a purchase of the entire issued and to be issued share capital of Ora, also listed on the Aquis exchange, in September, but the ... Read more â€ș

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UK Tech News
UKTN @ UK Tech News 1 place · 11/15/2024 08:27 EDT

UK tech funding roundup: This week’s deals from Tessl to Coopah

This week’s UK tech funding deals include AI-native platform Tessl, microplastics replacement startup Naturbeads, running app Coopah and more. UKTN tracked ÂŁ131.2m worth of UK tech investment this week (11 November to 15 November), a 710% week-on-week increase across eight funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Tessl – 98.6m ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News 2 place · 11/15/2024 06:11 EDT

Bath spinout tackling microplastic pollution raises ÂŁ7.8m

University of Bath spinout Naturbeads has secured a ÂŁ7.8m Series A funding round as it looks to address global microplastic pollution. As more and more research reveals how pervasive microplastics have become in the environment, Bath-based Naturbeads is scaling its cellulose microsphere technology designed to replace the use of plastics in everyday products. According to ... Read more â€ș

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