Today, many businesses are executing large-scale digital transformation efforts to keep up with the changing market demands and fast-paced competitors. In fact, a global survey conducted by McKinsey discovered that more than 80% of respondents stated their organisations have undertaken such efforts in the past five years.

There is some light at the end of the tunnel for small businesses. As the lockdown continues to ease many retailers and hospitality businesses are now opening up again, or preparing to return soon.

Whilst the UK implements strategies to gradually return to life as normal, the question on everyone’s mind is how we plan to do this safely and effectively. With the process of working from home potentially coming to an end in the foreseeable future, regardless of what sector individuals work in, new safety precautions are essential to put in place to ensure the health and safety of employees and customers remain strong. 

What’s sexy about financial technology? When I joined a fintech startup called Littlepay, I could see some of my friends and peers struggle with why I had left an uber-cool venture role to do something they didn’t understand in the fintech space.

Lockdown is beginning to end, but changes in how we do business have only just begun. One country that might be able to shed some light on the upcoming unknown is  Germany - having had their ‘Super Saturday’ back in April. Germany has already tackled the next economic phase that small businesses (SMEs) in the UK will have to adapt to.

Even in the bleakest of times, entrepreneurs have found a way to innovate and create disruptive products that have enhanced our daily lives or solved a problem. Take the humble chocolate chip cookie, baked for the first time after the Great Depression. During a period of severe economic hardship, this new treat offered some richness and comfort and remains immensely popular to this day.

Over the past few months, the world of business has been turned upside down due to COVID-19. During such unprecedented times, maintaining customer confidence and loyalty is a key focus for companies. The way in which businesses manage its customers throughout uncertain times is often the difference between losing or retaining clients, and ultimately business survival.

Founded by Milo Hill and David Hampshire, DOOZY was built during lockdown and allows people to create free quizzes, share them with friends and play them instantly. And it really is as simple as that - no downloads, no sign-ups, just creating a quiz and sharing it with friends.

In the weeks following the brutal murder of George Floyd and the global protests it sparked, we saw hundreds of companies posting a black square on social media as part of #BlackOutTuesday - an outward display of support and solidarity to the Black Lives Matter movement and the black community.

Have you been toying with the idea of building up a tech company that could one day match the likes of Google, Apple, or Facebook? Well, this may seem a dream too far-fetched, but nothing is impossible with the right strategy, skill, and vision.

Many progressive startup founders choose to incentivise and reward their early hires with equity. The key benefits of a share scheme are that employees become more productive, more loyal, and more aligned with the company’s goals.

London-based startup, RacketPal is on a mission to help more than one billion racket sports players and enthusiasts meet their perfect playing partners. The team is excited to announce the successful closing of its first pre-seed funding round worth £150,000.

The COVID-19 pandemic has massively accelerated the pace of change in the business world. Leaders and employees have had to adapt to operate in a challenging environment, where the only certainty is change. Not only have organisations had to rapidly adjust to the changing needs of its people, customers and suppliers, but it has also navigated the financial and operational challenges. This has led to many businesses prioritising the now, focusing on reshaping its operations to stabilise revenue and align with short term demand.

No Isolation  was founded with the aim of reducing loneliness and social isolation through the creation and implementation of warm technology. Following the success of its first product, the AV1 telepresence avatar, designed to tackle loneliness amongst children and young adults affected by long-term illness, the company brought its second product, ​KOMP​, to the UK in 2019. KOMP - a one button communication device, designed to connect seniors with their wider family unit - has been bought by 3,300 families across Europe.  
 

The current financial climate is disturbing for technology founders. At the European level, we have over 300 VC funds continuing to actively invest and grant-making programmes in every country, yet founders face many hurdles accessing capital.