Elkstone, the Irish investment house, has announced that the Ireland Strategic Investment Fund (ISIF) has committed to anchor the final close of its €100 million Early-Stage Irish Venture Fund. With Enterprise Ireland also on board, the fund has already deployed over €10m to date and aims to complete its initial investments by 2026.
The latest Spotlight on Spinouts Report by the Royal Academy of Engineering Enterprise Hub has revealed rapidly growing spinout clusters outside the ‘golden triangle’ of Oxford, Cambridge and London – with the local authorities of Manchester and City of Bristol demonstrating the highest growth by proportion of spinout population.
RingCentral, a provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact centre solutions, today shares research exposing the views of UK workers on one of the most revolutionary technologies of a generation: Artificial Intelligence (AI). The data comes as CFOs predict ‘significant growth’ in AI spend according to Deloitte.
OneTech, a not-for-profit designed to help underserved communities connect to opportunities in the tech ecosystem, has announced its official spinout from startup network Capital Enterprise. OneTech has evolved into a formidable force, tackling the deep-rooted systemic inequality across the London tech startup scene.
EarSwitch has been awarded the UKRI Healthy Ageing Challenge Grant. The grant will enable EarSwitch to develop its EarMetrics product, initially for the UK’s diverse and ageing population. EarMetrics aims to provide an in-ear sensor for standard hearing aids to measure temperature, heart rate, pulse, and blood oxygen levels and a medical first: continuous blood pressure monitoring.
Barcelona-based Mitiga Solutions, a science-based climate-tech company that applies science and technology to improve prevention, resilience and adaptive capacity to climate-related hazards using AI and high-performance computing, has raised a €13.25 million Series A. The investment was led by Kibo Ventures alongside Microsoft Climate Innovation Fund, Nationwide Ventures, Faber Ventures, and CREAS Impacto.
A new research report, Education for a World of Opportunity, reveals that over a third (36%) of British Small and Medium Enterprise (SME) decision makers believe that technology and innovation have created fewer opportunities for unskilled workers to “learn on the job” and progress to higher paid roles.
Lem-uhn, the feel-good PR agency, reveals that sales are up by 4.5% as consumer spending power continues to be felt despite the cost of living crisis. The latest Office for National Statistics retail sales data from March also shows that this figure has increased by 15.7% compared to February 2020. Lem-uhn believes the data suggests that UK consumers are still looking to shop however they are prioritising products that add value to their lives.
Dufrain, the data consultancy, has released new research from its State of Data report, exposing a significant ‘talent shortage’ in the data and analytics sector that could result in substantial losses for firms worldwide. 60% of data and analytics leaders said the biggest challenge to their business was recruiting individuals with the necessary skills and talents.
With World Telecommunication and Information Day taking place today (17 May), and more and more brands recognising the potential of artificial intelligence, entrepreneur and marketing expert Pete Sayburn says that technological innovations are creating a new wave of creative marketing. With the rise of technological innovations, 2023 will see traditional marketing methods overturned, says marketing expert Pete Sayburn.
DUO: Dates Unlike Others is a mobile application designed to add excitement and adventure to couples’ dating lives. Created by Arie and Lauren Burnham Luyendyk, who found love on season 22 of The Bachelor, DUO offers a range of features, date ideas, and date planning, to help couples break out of their dating rut and improve their relationship.








