The UK economy suffers a loss of £1.5 billion every year due to STEM (Science, Technology, Engineering, and Maths) skills shortages, and the future of engineering has never been more important. With a shortage of 173,000 workers, 49% of engineering businesses are struggling to recruit skilled workers.
Heather Delaney, Founder, and Managing Director of award-winning communications consultancy Gallium Ventures is an expert in growing brands and launching products or services, creatively. Heather specialises in building and fixing global organisations and startups alike — from their communications strategy to product development and everything in between.
Increasing competition and the viral popularity of ChatGPT is spurring businesses to launch AI apps but they face time and budget constraints in rolling these out. Helping businesses solve this bottleneck, Portkey.ai has announced a $3 million seed funding round empowering engineering teams to build and launch generative AI apps faster.
The Venture Capital Trust Association (VCTA) has published new data gathered from over 600 early-stage companies that have benefited from VCT funding, which shows that deployment of capital into early-stage startups grew 8% year-on-year to £664 million, proving resilient in context of wider UK venture capital funding, which fell by almost a quarter (23%) in 2022.















