News
In light of the business loan scheme statistics out today, Stephen Kelly, Chair of Tech Nation has shared his thoughts.
New research from Santander UK reveals that a third (32%) of the UK’s SMEs who implemented changes plan to make their COVID-19 adaptations a permanent feature post-pandemic as almost half found they not only survived, but actually grew their customer base during COVID-19. The study – which polled 2,050 senior leaders in UK SMEs – suggests that the pandemic has driven long-term change to the way businesses operate.
With the acquisition of eSoftThings, an expert in the Internet of Things (IoT) and Artificial Intelligence (AI), based in Cesson-Sevigne (Rennes metropolitan area, France), LACROIX Group has consolidated its R&D division already present in Brittany in the area and strengthened its positioning in the industrial IoT and AI, particularly in the field of connected vehicles.
Israeli medical startup, NanoVation has been awarded a €2.5m grant as part of the European Union’s prestigious Horizon 2020 EIC Accelerator program. The Haifa-based company is developing a new respiratory monitoring device, based on its proprietary nano-sensor technology.
Creator Fund, the university-focused venture capital fund, has released its “State of Student Startups” report, which gives a comprehensive national picture of what the UK’s best young minds are starting, and how to best support them. The report found that more than half of UK campus ventures have a foreign student founder.
Edinburgh-based startup, Boundary is preparing for the official launch of its smart home security system in August, and will use the funding to complete product testing and for its post-launch operations.
Ag-tech startup, Consumer Physics, is introducing SCiO Cup – according to the company it is the world’s fastest, portable, lab-grade forage dry matter analyser. The smartphone-operated device transforms feed analysis by enabling frequent dry matter analysis. SCiO Cup enables on-farm decision making ensuring consistent dry matter intake and reducing feed leftovers. In addition, SCiO Cup can be used on-field for planning silage harvest timing at optimal moisture levels.
With businesses across the world seeing the tangible benefits of a mobile workforce over the last few months, returning to the office may become temporary as working from home potentially becomes a new way of working, according to research collated by Instant Offices.
Moneybox, the award-winning saving and investing app, today announces it has secured £30m in Series C funding earlier this year from existing investors including Eight Roads, and new investors Breega and CNP. Moneybox also reveals it now has £1bn in assets under administration, and announces plans to bring customers closer to its growth journey through an upcoming crowdfund.
Roundups is a new donation app that helps charities with their fundraising whilst the economy continues to battle through challenging times. The app links with users’ payment cards in order to round up their payments and donate pennies to their chosen charity as they spend.
White Castle has announced a planned pilot with Miso Robotics – creators of the autonomous grilling and frying kitchen assistant, Flippy – to accelerate the adoption of Artificial Intelligence and robotics in the restaurant industry.
tripAbrood, the travel business set to reinvent the online family travel experience, has become part of the UK’s startup elite by being named a TechRound 100 Finalist alongside a host of innovative brands including Too Good To Go, Pip & Nut and lockdown favourite Zoom.
Startup Summit, an international festival of entrepreneurship, has announced dates for its 2020 edition and first headline speakers from globally-recognised brands including David Wilding, Director of Planning at Twitter, Irana Wasti, Regional President for GoDaddy EMEA, and Matt Davey, Chief Operation Optimist at 1Password
The startup driving intelligent automation for commercial kitchens, Miso Robotics has announced its first funding round in the UK. The services sector is seeing a new impetus for automation as it builds back better post pandemic, ensuring more resilient businesses, safer working environments and food production for staff and customers.
Deutsche Messe premiered a startup category for the HERMES AWARD, presenting Mitra Sejahtera Membangun Bangsa, a young company from HANNOVER MESSE partner country Indonesia, with the new award. The jury, chaired by Prof. Dr. Reimund Neugebauer, President of the Fraunhofer-Gesellschaft, selected the winner for its Smart Farming 4.0 project.
The home kitchen and dining area have become the most lucrative money making locations in Britain, that combined are generating £37.4bn to the British economy during lockdown – that’s being coined as ‘Kitchen Table Talent’. The research commissioned by Attic Self Storage, revealed that although restrictions are being lifted, 41% of office workers are expected to continue their jobs from home, with 44% saying it’s the most productive place they have ever worked.
The data from Close Brothers Asset Finance’s latest research is now available on its free-to-use SME Data Hub. Conducted in late June and early July in partnership with Kantar, the research focuses on the impact of the COVID-19 pandemic.
European digital asset manager focused on the affluent market, LIQID has added venture capital to its growing alternative asset offer, which already includes private equity and private equity real estate.
London-based ETF Partners has closed its third Environmental Technologies Fund (ETF3) at £167m, to grow the most innovative companies in the UK and Europe that help deliver long-term and sustainable economic prosperity.
Plus X innovation hubs transform areas, adding vibrancy and productivity, helping businesses scale with innovation support and unlocking partnership potential with global corporations, education partners and local communities. Plus X innovation hubs are designed to create impact at both a global business and local economic level.
