Features
Tech Nation’s ‘The future UK tech built’ 2021 report, published earlier this year, revealed that the UK currently sits third in the world for venture capital (VC) investment in tech companies, behind only China and the US, with $15bn pledged last year. Great news for the UK’s emerging businesses, right? Well, Simon Philips, CEO of ScaleUp Capital, tells a different story.
The COVID-19 pandemic has forced businesses of all shape and size to adapt, adjust and pivot in response to the ‘new normal’. Whilst larger businesses – who suffer from being less nimble than their startup counterparts – have faced unique difficulties, startups – who lack the cash reserves and structure of larger businesses – have also faced their own challenges. Many startups have had to fundamentally reconsider their business models and how they operate as a result.
As businesses develop, so do their ideas and offerings. This often leads to an expansion in a business’ IP portfolio. Due to the public disclosure associated with Intellectual Property (IP) rights, monitoring your competitors’ application filings may provide insight into their future offerings and business direction.
Growing up, many people considered the games I played to be a distraction from the ‘important’ things in life, such as my education and career development. However, as a member of the ‘gamer generation’, I see how much we are overturning this view. Along with many others, I believe games offer a huge amount of business learnings that as startup leaders, we can capitalise upon.
Launched in 2017, Huboo is one of the UK’s fastest growing fulfilment providers, working with more than 800 eCommerce retailers worldwide. Renowned for its unique ‘micro hub’ technology, which enables online retailers of all sizes to access a complete end-to-end fulfilment operation within minutes, Huboo has grown dramatically over the past few years – expanding its total UK warehouse space to 11,000sqm, and growing its team to 250 people.
Molex Ventures was founded in 2013 as a strategic organisation designed to accelerate change and transformation through engagement with the innovation ecosystem. It leverages corporate venture capital to invest in startups and incubate organic ideas that have strategic alignment to the future growth opportunities of Molex.
Many people see processing a payroll as a monotonous task and one to leave to the pen-pushers. However, having a successful process leads to employees being paid the right amount, on time. Payroll is a large part of the day-to-day running of a business and has over recent years become burdensome on business with the introduction of regular electronic filings and auto-enrolment compliance for pensions. There are also many penalty provisions available to HM Revenue & Customs (HMRC) to penalise for incorrect and late filings.
Sometimes in life it can pay to watch, observe, and to take no immediate action. But there are also many times in life, and in business of course, where by far the best thing to do is to seize the moment. No action, can itself become an action, as events are taken out of your hands or the situation has moved on and left you behind.
According to the Project Management Institute, project success depends on whether it’s delivered on time and the cost doesn’t exceed its budget. It’s even more important to consider if the delivered IT product works as it was intended, people within the company can use it and it ultimately meets that goal that drove the project initially.










