Sage has called for urgent additional government support to give small and medium sized businesses (SMEs) the confidence to invest their way to recovery in 2021.
Digital insurance company, Getsafe closed a $30m Series B funding. Swiss Re’s digital platform iptiQ led the round. Existing investors, including Earlybird, CommerzVentures, btov Partners and Capnamic Ventures, also participated. Getsafe now has received a total of $53m from investors, making it one of the best-financed European insurtechs.
The benefits of satellite data to life on earth are something that the global space community celebrated at this year’s ‘World Space Week’. Female founded tech startup, Data Duopoly, have already been recognised for their innovation in the use of space data – winning the Pitch to the Primes competition at the UK Space Conference in 2019, awarded by Astronaut Tim Peake.
Accenture & Ponemon’s 2019 Cost of Cybercrime Study indicates that the right approach to cyber threats might save companies up to $5.2tn of future revenues in the next few years. Small and medium enterprises (SMEs) are among the most vulnerable as they only recently became more conscious of clear and present cyber threats.
When starting a business, the implementation of a Customer Relationship Management or ‘CRM’ system may seem like an unnecessary task but committing to it from the outset will save time, cost and resources when compared to installation at a later date.
myGP, the UK’s largest independent GP booking and healthcare management app that connects patients with primary care, has announced its intention to provide the people in England with a simple, clear means of communicating their verified vaccination status, via their Smartphone.
Businesses, and indeed stock markets, hate uncertainty. Sadly, there is no doubt that 2020 has been full of uncertainty at every stage. And whilst the main focus, for very obvious reasons, has been on Covid-19 and all the trading and other ramifications that that has brought with it, it has not been the only source of major disruption this year.
PitchBook, the data provider for the private and public equity markets, has released All In: Women in the VC Ecosystem, its second annual report examining global Venture Capital (VC) investment in female-founded startups. The report, published with support from Microsoft for Startups and Beyond the Billion, shows the coronavirus pandemic has disproportionately impacted female founders and CEOs negatively, despite undeniable, long term gains in VC investment over the past decade.
It’s estimated that more than 750 million edge AI chips will be sold in 2020. Just got your head around AI? Edge AI is Artificial Intelligence-driven computing on embedded systems and the growth potential in the UK is immense. Now AeroSpace Cornwall, who is part funded by the European Regional Development Fund and Cornwall Council, has awarded Bluefruit Software – leaders in providing high-quality embedded software – £100k of funding for critical research and development into this mind-blowing technology, which is forecasted to expand by 20% over the next five years.
Charities from the UK and across the world are flocking to a startup social media platform which is coining itself the world’s first ‘social media for good’.
Compiled as an antidote to fast-growth lists dominated by private equity and venture capital-backed businesses, Buzzacott’s inaugural Organic Growth 25 has identified the companies achieving impressive revenue growth with minimal equity investment.
Moneyhub, the market-leading Open Banking and Open Finance data, intelligence and payments platform, is the first TPP to connect to Citibank, the consumer division of financial services multinational Citigroup. In the UK, Moneyhub offers consent-driven access to financial data via 580 live and in production connections across 200 financial services providers – of which 100 are direct UK Open Banking providers, and a further 100 more broad Open Finance providers.
Scientist and entrepreneur, Dr Harry Destecroix, has unveiled Science Creates, the deep tech ecosystem that offers specialised incubator space, a £15m investment fund and a comprehensive network of strategic partners to nurture science and engineering startups and spin-outs. The hub, in partnership with the University of Bristol and located in the heart of the city, is set to become the ‘new West Coast’, transforming disruptive discoveries through impactful commercialisation.
In the space of just two months, the UK’s data watchdog, the ICO has dished out nearly £40m in personal data breach fines to some of the country’s best-known companies – British Airways, Marriott International and Ticketmaster. Whisper it quietly but the ICO’s burst of penalty decisions, coming after significant delays, goes some way to countering mutterings that the regulator lacked the will to take on large and well-resourced opponents.
In 2019, Elon Musk made headlines by touting AI as a “fundamental risk to the existence of civilisation”. Ironically – for a man in his line of work – Mark Zuckerburg countered this argument, describing the warnings as ‘pretty irresponsible’.
Almost half of UK businesses have seen an employee move on because their mental wellbeing wasn’t being looked after, with a quarter losing a key member of their workforce, according to new research from not-for-profit healthcare provider, Benenden Health.
A staggering £4bn of investment went to UK tech companies in the first half of 2020. The British Business Bank’s recent Government report, together with recent surveys by leading investment platforms like Stakeholderz, show that despite the challenges posed this year, investors are continuing to back the UK’s high growth tech companies, with many indicating they will invest the same or more over the next year. Tech has long proved to be a lucrative and attractive sector for investors and entrepreneurs.
Startups Magazine and Fiverr have come together to bring Female Founders a Micro-Grant, to win £5,000 Fiverr credit. This competition has now closed for new entries.
Valloop, founded to empower employees and management to buy the companies they work for, has emerged from stealth ready to back small business founders wishing to exit.
If you have just started a business, you would probably want to know how to get more customers from the get-go. It can be from knowing the way to success or even just having the welcoming body language that can either make or break a deal. You need to be careful as a salesperson – being nervous is easily visible.
