The spring budget 2024: mixed reactions from the industry

On the 6th March, the highly anticipated Spring Budget was unveiled. Chancellor Jeremy Hunt disclosed a series of initiatives that have been designed to support startups and SMEs, as well as providing support for technology adoption.

Fintech Nuke From Orbit raises £500k pre-seed funding to deliver smarter smartphone security

Nuke From Orbit, a UK-based fintech startup, has successfully raised £500,000 in a pre-seed funding round to launch its product. The company, which seeks to transform mobile security, has drawn attention from prominent investors for its novel method of safeguarding financial accounts and personally identifiable information (PII).

Cultivating success: the crucial role of PR in navigating the startup landscape

As the founder of a startup, it’s a scary thought that roughly 60% fail in the first three years. However, the high failure rate of startups can’t be too much of a deterrent for entrepreneurs given that between 2020 and 2022 the number of tech firms in the UK doubled.

Wobble Genomics raises £8.5m to reveal the ‘unseen world of RNA’

Wobble Genomics, a spin-out from the University of Edinburgh that is pioneering a novel RNA sequencing technique, has secured £8.5 million in funding to commercialise its breakthrough technology.

British Business Bank selects ICG For 100M life sciences investment

ICG, a global alternative asset manager, has been chosen by the British Business Bank for funding under the newly launched Long-term Investment for Technology and Science (LIFTS) initiative.

bp Selects Solivus for Lightweight Solar PV System Supply and Installation Contract

Solivus, a developer of innovative lightweight solar solutions, has secured a three-year contract to engineer, procure, construct, and install PV Solar Systems for bp and its clients, following an intensive and competitive bidding process.

Girls 10x more likely to doubt leadership potential

Ahead of International Women’s Day (IWD), new research has uncovered a significant gap in the aspirations and perceived barriers between genders, with girls ten times more likely than boys to feel that their gender would disadvantage them in achieving leadership roles.

EISA celebrates Government Reversal of Angel Investment Rules

The Enterprise Investment Scheme Association (EISA), the official body for the Enterprise Investment Scheme (EIS), has applauded the Chancellor’s decision to retract the January amendments to the definitions of High Net Worth and Sophisticated Investors in the Spring Budget 2024. This reversal is seen as a pivotal signal of support for entrepreneurs and early-stage investors.

AI-based IVF decision support tech available in 10 US clinics

Following two years of research and achieving highly positive outcomes across Europe, Asia, and the Middle East, FertilAI is set to launch its scientifically validated clinical decision-support platform, Fertilane, along with its patient communication solutions in 10 clinics across the United States.

SMEB secures FCA approval ahead of small business banking solution launch

SMEB, a banking and fintech company dedicated to supporting small business, has secured critical approvals and certifications ahead of its planned launch to help Britain’s small businesses and towns.

How to build trust in the workplace

Building trust within a workplace is of utmost importance, and managers and business owners need to know how to build trust within their workplace and amongst teams.

Phlux shipping 1550 nm IR sensors in volume as export orders drive demand

Phlux Technology, a manufacturer of avalanche photodiode (APD) infrared sensors, has announced that it has won a six-figure (GBP) value export contract and is now shipping production quantities of its 1550 nm InGaAs avalanche photodiode sensors.

BRKZ Secures $8m Series A to Revolutionise MENA Building Materials Sector

The total value of infrastructure, transport, and building projects across the MENA region stands at approximately $2.5 trillion. In a bid to facilitate connections between construction businesses and suppliers of building materials, pioneering B2B construction tech startup BRKZ, specialising in materials procurement for construction projects, has announced an $8 million investment to empower contractors in reaching their full potential.

Land management platform powered by AI launches in Scotland

A software platform, developed in Scotland and powered by artificial intelligence (AI), is poised to transform global land management practices.

Snowflake Partners with Mistral AI to Bring Language Models to Enterprises Through Snowflake Cortex

Snowflake, the Data Cloud company, and Mistral AI, a European provider of AI solutions, has announced a global partnership. This collaboration aims to bring Mistral AI’s most powerful language models directly to Snowflake customers in the Data Cloud.

Q5D wins ‘Made Smarter Innovation’ grant from Innovate UK

Q5D, a developer of wire harness automation equipment for additive manufacturing, has been awarded £918,169 in grant funding to enhance the software powering its CY1000 wiring automation robot.

Tech Show: Starling founder talks woman-lead startup struggles and how AI will assist

Founder of Starling Anne Boden revealed to a Keynote Theatre on day one of Tech Show London the struggles she faced in fundraising because she is a woman and how she sees AI could bridge such gaps for female founders.

Theia Insights raises $6.5M to bring foundational AI to investment community

Theia Insights, a deeptech startup based in the UK, founded by former Amazon Alexa scientist and solo entrepreneur, Dr Ye Tian, has secured £6.5 million in funding. This investment is a testament to the growing interest of US venture capital in the UK’s innovative technology sector.

Understanding psychological safety in the workplace

On International Women’s Day, it is often a good time to raise collective awareness to the myriad challenges that women face in the workplace, including the issue of psychological safety.

Why should you invest in branding?

Branding can impact a business in all kinds of ways. It can change how your customers and investors see you. It can influence the attitude and approach of your team members. And ultimately, it can shape your personal satisfaction in your business. But for startups, with so much other stuff to pull the attention, branding is easily overlooked, and it can be difficult to know when to start. There are a few key things to keep in mind.