It has been a tough year for everyone and with household bills typically rising as we head into the winter months, financial pressures are set to be exacerbated further. With the cold weather here to stay, on going COVID-19 restrictions and home working, Brits could see their energy costs rise by up to £300 meaning there is no better time to look at ways you can save money this winter.
Some uncertainty remains with businesses who deal with the EU on the provision relating to data after the end of the transition period on 31st December. The UK government stance is that GDPR is and will remain engrained in UK law during the transition period and into 2021.
StartUp Studio, a growth programme for early stage tech startups in the South West of England, has been launched. Tech South West has teamed up with virtual accelerator, Activate and startup advisor, Skowt Consulting to provide fully-funded opportunities for up to 30 pre-seed companies a year to progress their business through the programme, and then pitch to regional, UK and global investors.
Recycleye, the intelligent waste management startup, has secured £1.2m in seed funding, led by venture capital investors MMC Ventures and Playfair Capital, with participation from leading funds Atypical Ventures, Creator Fund, and eolos.
Healthcare technology company, Vantage Health has announced that its AI-powered platform, Rego, has been shortlisted for ‘Local COVID-19 Response Partnership Award’ at the HSJ Partnership Awards 2021. The shortlisting recognises Vantage Health’s dedication to improving healthcare and effective collaboration with the NHS, through Rego’s role in managing hospital outpatient attendances during the pandemic.
Cyprus is wooing would-be investors to the island by massively speeding up the process allowing third-country nationals to establish new businesses there.
As COVID-19 continues to impact mental health and access to treatment in the UK, medical device company Flow is reporting a 247% increase in sales of its at-home, brain stimulation headset treatment for depression with 30% of its users overcoming depression during the pandemic.
Three in five bosses (60%) say that the pandemic has unexpectedly impacted the productivity of their workforce in a positive way, according to new research from Hitachi Capital Business Finance, with one in five saying their staff are now more independent since working from home (20%).
One of the common mistakes of start-up founders is trying to micromanage by insisting everything is controlled internally. This has the effect of slowing down progress. Busy start-ups need to decide what activities are important to conduct in-house by their employees and others that can be safely outsourced to a third-party.
A growing digital marketing analytics platform has been crowned as one of the winners of a prestigious award recognising the very best innovations that the tech industry has to offer.
Looking back on 2020 and learning as many lessons as possible is a very worthwhile exercise for all of us. At the beginning of this series, nearly three months ago, I paraphrased a famous quote from the Monty Python film ‘Life of Brian’, and asked “what has 2020 ever done for us?”
The R&D tax relief schemes and R&D expenditure credit (RDEC) have driven greater innovation in the UK, according to analysis by HMRC. A review of these schemes, as well as the Patent Box, highlighted that there were both positive direct and indirect impacts on business for those that utilised the schemes whilst also spurring on innovation.
Founded in 2011, by two Finnish entrepreneurs who were looking for a way to manage their finances, Holvi is digital banking service for freelancers and entrepreneurs. Combining money management tools with an easy-to-use business account, Holvi offers an innovative banking experience that helps you run your business.
Manufacturers supported by Made Smarter, the movement helping SMEs join the Industry 4.0 revolution, are forecasting the creation of more than 750 new jobs from £12.6m of technology investment.
SME fleet telematics specialist, Vimcar, has been ranked the 20th fastest-growing technology company in Germany by global professional services network, Deloitte.
InMotion, Jaguar Land Rover’s venture capital and mobility services arm, has invested in blockchain technology firm, Circulor.
The data from Close Brothers Asset Finance’s latest research of 900 senior members of the SME business community is now available on its free-to-use SME Data Hub.
The current epidemic has created a world of isolation we are rapidly becoming rather familiar with. The use of words like quarantine, face masks and social distancing are part of our daily vocabulary and with that both business and consumer behaviour has seen a dramatic change in activity. With all that said, none of us want to sit back and let our businesses idle. In this very moment we are seeing new startups launch the world over (The Guardian, 19 Nov) as many take advantage of government advice to stay at home as an opportunity to pick up dormant inventions, push for new patents and contribute back to society in these tough and trying times.
How could we have prepared for 2020? It was the question on the minds of many throughout the early months of the pandemic that affected every aspect of daily life. But now, we know the answer: preparation was impossible. However, our collective experiences in this most challenging year have taught us some valuable lessons. Among the most important is that they way individuals, leaders, and companies respond to new and unexpected situations is the true indication of success.
Finding suitable talent for your business has always come with its challenges, and 2020 has accelerated a shift in workplace culture that means a higher level of remote workers, searching for their perfect employment match, creates new hurdles for recruitment.
