There is a lot of wisdom that comes from having built up a successful sustainable business from the ground-up. Although I can now attribute them as 'learnings', many purpose-led start-ups perceive them to be modern-day taboos. The truth is, for your startup to not be a part of the 20% that don’t survive beyond their first year, or the 60% that go bust within their first three years, you need to be able to dispel the following five taboos for your startup to thrive.

With the sudden shock and panic now over from the COVID crisis, we are now settling into the ‘new normal’ of on-and-off-again lockdowns and formulating new habits for our businesses, all the while, bracing ourselves for the next crisis; the quietly creeping recession and wondering how our brand can survive.

You never know where inspiration can hit. This was the experience of Jonathan Merry, founder, and CEO of MoneyTransfers.com. While traveling the world, he struggled to avoid accruing fees on his travels - so the idea for a better money transfer experience was born.

Gradfuel, the innovative data-driven graduate hiring platform, has successfully secured £200k in seed investment amidst ongoing market uncertainty in light of COVID-19. The graduate recruitment platform, valued at £1.05m, has fuelled interest from investors and top-tier employers alike. Investors from a range of backgrounds, including ex-Managing Directors from J.P Morgan, Merrill Lynch and Goldman Sachs, as well as early investors for Patch Plants and Mindful Chef, have backed the company in its seed round.

As the ongoing economic impacts of COVID-19 continue to be felt, there is an often-forgotten segment that has the potential to spearhead the UK’s re-growth in years to come. Pre starts, startups and SME’s hold the potential to move at pace and expand quickly to support a fledgling economy, provided they receive the right support at the right time and most importantly, at the right price.

UK software company, TAAP is helping small, medium and large businesses across the country work safely from home, keep tabs on company equipment and help boost productivity by launching the TAAP Work From Home app (available across Android, IOS and Windows).

From a trickle to a torrent, impact investing has become the trending topic across the asset management industry. While pressure increases for all investments to ‘do no harm’, a growing demand for opportunities that actively ‘do good’ continues to go unmet. Chorus Network is hoping to address that. Launched by a social impact entrepreneur and reformed investment banker, Chorus brings the best aspects of investing in startups and wraps that around the impact space.

Signs of life in the economy and an increase of business activity has led to an surge in confidence of CEOs within UK and Ireland SMEs. The Vistage CEO Confidence Index rebounded to 82.9 Q3 2020; while not at peak recovery, this is just 2.5% below Q3 2019.

Join BRIDGE CEO, Brian Coburn, and Magnus Danielson, CTO of Worldline on the 28th October at 11am as they share critical insight in maximising e-commerce payment systems to enable businesses to take advantage of transformational, innovative digital payment solutions.

Kibus Petcare, a pet product company, has launched a Kickstarter crowdfunding campaign for Kibus, its proprietary at-home product that cooks pet food with the healthiness of traditional home-cooked meals. An automatic, convenient device that cooks healthy, natural, and minimally processed dog food, Kibus meets the needs of demanding dogs and their owners worldwide.

Clim8 Invest (Clim8), the only digital investment platform to help consumers invest in companies focused on tackling the climate crisis, has appointed three members to its investment committee.

Since the launch of London’s Silicon Roundtable in 2008, UK tech startups have enjoyed more than a decade of strong interest from Venture Capitalists (VCs). Spurred on by the success of fast-growth consumer tech companies like Uber or Deliveroo, VCs have sought out startups that could break into the public zeitgeist to become the world’s next big thing. This culminated in more than $13bn being pumped into British technology startups in 2019. Then, the pandemic struck.

The finalists of one of Europe's most renowned startup pitch competitions have been announced ahead of Arctic 15 taking place from 19th-21st October. With more than 150 entrants competing for a chance to pitch to an audience of VC’s and angel investors, only 15 startups have made the final cut.

NovaQuest Capital Management, an investor in life sciences and healthcare, has announced a $20m product financing agreement with Mileutis, an Israeli biopharmaceutical company, to help mitigate the use of antibiotics in animals. NovaQuest’s investment will drive the continued development and commercialisation of Mileutis’ novel, biologically sourced, and residue-free therapies for animal health. NovaQuest’s investment is its first ever in the animal health care field and in an Israeli company.

Coronavirus has created many challenges for businesses and an area of discussion that has rapidly escalated in importance is around protection. Protection should always be an area of priority for a business, but the situation we find ourselves in has understandably brought this topic to the fore.

It’s been two years since the very first digital tax pilot from HMRC, commonly known as Making Tax Digital (MTD). Initially, HMRC required UK businesses above the VAT threshold to process their returns digitally. It has now been announced that businesses that are VAT registered and are below the VAT threshold must also be compliant with MTD, from April 2022. The self employed and landlords must be compliant by April 2023.

The impact of COVID-19 on young people’s career prospects has been severe, with under-25s being more likely to be furloughed than any other age group, and many more young people being let go or having their job offers rescinded following the March lockdown. 

Satori has announced the launch of its new professional 3D printer, the ST1600, marking its debut in the 3D printing market. The London-based startup is also launching a partnership program to collaborate with global innovators and creatives across all sectors of the design and manufacturing industry.

Communication has always been key in running a business, and indeed in most other aspects of our lives. In 2020 many lessons have been learned or reinforced and it has reminded us all how very unpredictable life can be. But one of the most obvious changes that should be apparent to all, has been in the way that companies are communicating.

Aberdeenshire startup company, Legasea, have won the award for Best Energy Industry Environmental Service Provider 2020, making this the company's second award since establishing the company 18 months ago.