News

Winning the digital transformation race

New research from Professor Feng Li, Chair of Information Management at City’s Business School has outlined three new approaches that digital innovators can take to reduce the risk of failure and seize competitive advantage in the industry.

50% of employees are looking for a new job post-COVID-19

Fifty percent of people currently employed are planning on looking for a new job after COVID-19, according to new research released from Hooray Health & Protection. Nearly a quarter (24%) of employees questioned said they were somewhat likely to seek a new job, 13% said they were very likely and twelve percent were pretty positive when they said they were extremely likely to look for a new job post COVID-19.

Smart Hand Sanitiser launched in response to COVID-19

SAVORTEX has announced the launch of its ‘Smart’ Hand Sanitiser, a revolutionary hygiene product designed to help restart the office economy in a post-COVID-19 environment. The innovative product uses smart technology to deliver the exact amount of sanitiser required without touching the device, and to ensure maximum use, providing companies with peace of mind as workplaces re-open.

The most-funded automated driving software supplier in Europe

The automated driving technology company, AImotive has announced a new investment round of $20m led by Lead Ventures, a Budapest based scale-up investor. With the fresh capital AImotive has become the largest VC-backed company developing automated driving technology in Europe, with total funding of $75m.

KegTracker aims to raise £100k investment on CrowdCube

KegTracker is an IoT device that instantly turns kegs into smart containers. It tracks real time location, volume, temperature and motion for each keg, to create reports and insights that enable a sustainable supply chain. Since 2018, R&D has been completed, as well as a working prototype, pending patent and multiple LOIs.

Partnership allows startups gain fast access to flexible funding

Performance marketing agency, Journey Further, has teamed up with Europe’s first revenue-based finance provider, Uncapped, to offer performance marketing support to entrepreneurs, startups and scaleups across the continent.

European FX startup raises €21m in lockdown

Global financial services provider, iBanFirst which delivers solutions across banking borders, has announced that it will continue to expand with the help of venture capital funds Elaia and Bpifrance, through its growth capital fund Large Venture.

British Patient Capital invests in Quantexa as part of Series C funding

British Patient Capital has announced its participation in Quantexa’s series C funding round as Quantexa announces the close of the round at $64.7m (£51.2m).

Tech Entrepreneur Makes Six-Figure Investment in Manchester Startup

It’s a tough time for all businesses, but Manchester once again proves to be a hotspot for emerging new talent. Ambitious startup, The Shirt Society, has secured a substantial six figure investment from one of the city’s top tech investors: Scott Fletcher MBE.

No-deal Brexit fears trigger investors to seek international options

Growing fears of a no-deal Brexit will prompt an increasing number of British and international investors to move their financial assets overseas out of the UK, believes the CEO of a large independent financial advisory and fintech organisations.

Comau supports SMEs with a global solutions-based network

Comau has launched a global web-based networking platform designed to support general industry SMEs (Small Medium Enterprises) by creating a win-win ecosystem between ‘verified’ systems integrators and companies exploring automation opportunities.

When will the UK economy recover from the impact of COVID-19?

Four in ten (39%) small business owners believe it will take at least five years for the UK economy to fully recover from the impact of lockdown and COVID-19, according to a new poll.

Making transactions safer for retail and hospitality customers

Physical-digital payment platform, Thyngs has evolved its touch-free technology to deliver an instant order, pay and marketing solution that will help the retail and hospitality sector welcome customers back safely, and tackle the estimated £4bn loss expected across Europe, as a direct result of the global pandemic.

€3m raised to develop a paper-based sustainable energy source

Emerging from several years of academic research, BeFC is the inventor of bioenzymatic fuel cells based on papers and enzymes. The fuel cells offered by BeFC are naturally part of the renewable energy sector and have a low environmental impact.

Aberdeenshire company nominated for national award

Aberdeenshire startup company, Legasea, has been nominated in the Great British Entrepreneur Awards, in the category of Disruptor of the Year.

£1m investment to help the nation get back on track after lockdown

Online toolkit for surviving modern alcohol-free society, One Year No Beer, has launched a £1.4m funding round on Seedrs. Already attracting £1.1m investment in the private stages of the round, One Year No Beer now opens its campaign to the wider public. The funding will be used to further develop the technology infrastructure of the business, allowing them to scale their lifestyle support system which facilitates sustained behavioural changes, through the power of community and connection.

Dutch Fintech plays a key part in delivering COVID-19 payments

The Dutch Fintech that already checks over 90% of Dutch payments with the IBAN-Name Check, SurePay, has announced the successful implementation of its UK Confirmation of Payee solution. NatWest Group chose SurePay as a vendor and partner to implement Confirmation of Payee. The service is already checking 25% of UK online Payments.

UK is getting moving with new lockdown easing app

UK software company TAAP is helping companies small, medium and large businesses get up and running post lockdown with the TAAP Visitor Book app.  

GitLab selects Remote to help hire the best talent in the world

Remote, a self-serve platform for global employment, announced that GitLab will use Remote to employ the best talent in the world with full local legal compliance.

Startup accelerator program integrates mental health support

Starting a company and being a founder is stressful – especially in the current COVID-19 environment. Last year, 19% of all European founders said starting a company had a negative impact on their wellbeing, and a global pandemic will not bring that number down. However, mental health issues are not widely discussed in the startup ecosystem and beyond.