It’s always refreshing when policymakers break with the status quo and do something genuinely left-field and unexpected. The current pandemic has certainly produced its fair share of bold initiatives. In the UK we’ve just had the announcement of Government-subsidised meal deals throughout August to boost the ailing hospitality sector. And, sitting slightly higher on the impact scale, earlier this month the French Government announced that it was making tax credits available to any citizen prepared to take out a subscription to a current affairs newspaper or magazine.
Fashwire is a mobile and web marketplace for discovery where you can shop directly from over 300 fashion brands from over 33 countries you know and love and discover new ones from all over the world. Fashwire is changing the way we shop on our phones. By connecting consumers directly with brands all in one app, and it also allows brands to curate, create, and control all product and content in their profiles, which is different from a traditional retail model.
As lockdown restrictions begin to ease, SMEs need to look into engaging potential customers immediately in order to drive sales and awareness in the difficult months ahead. As the majority of the public continue to live and work remotely, however, companies must seek out new methods of marketing in order to attract better engagement. The online space has, thus, become crowded with brands attempting to cut through noise to truly make an impact on consumers.
Bagboard, the creation of former credit trader Ben Ayres, and advertising executive Ashleigh Bishop, are launching a crowdfunding campaign to raise funds for the first sustainable rewards scheme that marries major brand campaigns and environmental impact, with a mission to make sustainable shopping the norm.
A few years back, there was a two-day tube strike in London. As with most tube strikes, it forced stressed commuters to change up their route into work at short notice. When it was all over, economists who looked at Oyster Card data made a surprising finding. About one in twenty commuters who changed up their route on the days of the strike stuck with their new route.
Zendesk has released the Zendesk Startups CX Benchmark Report, documenting how early-stage startups that invest in customer experience (CX) outperform their peers. The data shows that while there is no one-size-fits-all approach, startup success stories have one thing in common: the ability to provide more holistic support to customers from the beginning.
Johnathan Ransom, CEO & Co-founder of Square Mile Farms spoke to Startups Magazine about the challenges and opportunities that arose during the 2020 COVID crisis whilst raising from their network. Think back, post-2008 financial crisis, internet technologies and crowdsourcing both evolved to allow companies to easily raise funds from their network and community for the first time. The power and value of the crowd have only increased since then, helping businesses grow quickly and sustainably while reaching entirely new audiences.
Kennet Partners Limited (Kennet), a leading European technology growth equity investor focused on bootstrapped and capital efficient companies, has raised $250m (€223m) for its fifth fund, Kennet V in partnership with Edmond de Rothschild. The Fund exceeded its target and secured new investors from across Europe and Asia.
This year’s shortlist for one of the world’s largest annual competitions in sustainability, Postcode Lotteries Green Challenge, has been officially revealed today. The international top 25 organisations now edge closer to being crowned the overall Postcode Lotteries Green Challenge winner and receiving €500,000.
While the world battles a loneliness epidemic, reinforced by COVID-19 imposed lockdown and social-distancing, a new, rapid growth startup uses technology to help solve the problem for companies individuals. Panion has recently announced a suite of features that solidify the startup's position as the most exciting new virtual community-building app in the world. Panion encourages its members to be authentically themselves and to lean into the interests that make them unique.
Until recently, for many smaller businesses, their website was purely a shop window with few, if any, transactions done through it. However, thanks to social distancing measures it has now become the primary means of business for almost every company. Ensuring your website is not vulnerable to hackers and other criminals is therefore more important now than ever. The crippling reputational and financial cost of a cyberattack can put a small company out of business.
In today's global and increasingly competitive marketplace, it is more important than ever to stand out from the crowd and capture the attention of consumers. Trade marks are essentially 'signs' which help consumers to identify and differentiate your products or services from those of competitors and other traders.
Every company has its own culture, defined by its values, and governing principles that the leadership and employees equally share. While most people consider culture an unimportant element, it has a real impact on performance, retention and the company's ability to adapt to changes. A disengaged team will leave founders staring into the horizon alone.
The UK’s recent lockdown has seen a surge in demand for on-demand. By addressing one of the most challenging aspects of lockdown, food delivery services alone have experienced a 29% increase in popularity, and even industries historically steeped in tradition - such as theatres, pubs and restaurants - have had to embrace on-demand options. Digital businesses, in collaboration with more traditional high street counterparts, have kept access to services viable during the pandemic.
Conducting a regular business audit is a vital document that is needed to help monitor and inspect the financial situation of a company. To prevent losing track of assets and overheads a business has, audits help bring clarity to managers where their cash in-flows and out-flows are going to and from.
I was asked very recently by a company to explain how I would approach their projected Intellectual Property (trademarks, patents, code of the platform) concerning their Balance Sheet or Statement of Financial Position. To make it even more complicated and they have asked me to consider both UK accounting rules as well as the US.
I was young when I realised I came from a family of businessmen. At the age of eight, my paternal grandfather had been engaging in business deals between Africa and Belgium. One of my uncles had also started an import-export business based in Brussels. Then when I was ten years old, my father jumped on the bandwagon and launched a business engaged in the export of exotic meats from Botswana to the EEC. This is what began to pique my curiosity in business.
'There is not a common, comprehensive definition of what counts as social value, to frame understanding, benchmarking or reporting, and aid comparison of tenders and to determine best practice. This has given rise to significant disparities in what counts as social value activities, and no requirement to focus on improving the wellbeing of those who are most disadvantaged.'
amicable, the tech startup disrupting the family law sector, has raised £488k in funding from existing and new angel investors. The news comes just a few months after a high court judge ruled in favour of amicable’s approach to divorce and separation that focuses on supporting couples through the process and removes the need for couples to instruct two separate lawyers.
Technology, especially new technology, has always had something of a divisive effect; that is it can be seen as black or white, working in good ways or bad. If we look back in history, any technological advance is greeted with great enthusiasm by early adopters and shunned and ridiculed by those with a more traditional outlook on life.
It is fair to say that so many startups have used the year 2020 to really show how they can adapt and help and shine through, but for the Biggest 2020 Hero category this year there was one clear winner who really have done some amazing work in 2020 and through the COVID crisis, and that is Joanna Montgomery, Founder and CEO of Little Riot which develops connected products that enable human connection in an otherwise very digital world, such as the product Pillow Talk.
Boris Johnson has announced a £12bn affordable homes programme, providing up to 180,000 new homes over eight years, a slight retraction on his original five year target. Alongside this pledge however, is a sweeping liberalisation of planning regulations, which the Government are quoting to be the most radical since the end of the Second World War.
Global initiative building diversity within Venture Capital, Included VC has launched recruitment for its second annual fellowship. Included VC’s mission is to change the face of the VC industry, dramatically increasing diversity and maximising fund success by transforming networks, staff, dealflow and investments.
Local businesses are core to our communities, but the impact of COVID-19 has been tough on business owners. As the UK steadily reopens its doors to businesses and people alike, Google has pledged to support small businesses across the country with a burgeoning package of products, tools and services to support the reopening and growth of British commerce.
New research by Hitachi Capital Business Finance has explored the challenges businesses led by single parents face. The research surveyed more than 300 single parent business owners asking about how they started their business, running their business day-to-day, and plans for the future. Their responses were benchmarked against a nat rep sample of 1,466 business owners.
The 23rd of June this year marked four years since the UK's EU membership referendum, and the rest of 2020 will likely see some decisive action on the UK's intention to leave the EU as a result. Much has been written over the last four years about the UK's currently gilded status as the preeminent global hub for financial services and fintech, and the risks of the UK losing this status to another European competitor once Brexit happens.
Identifying your ideal client is one of the most difficult things, and yet the most important thing to do for your business. Before I start going into the how, let us spend a few minutes thinking about the why. Why does everybody bang on and on about this ideal client business!? Believe me I used to feel the same way. Then one day it clicked into place.
Advanced Engineering is on the hunt for ground-breaking startups to showcase their latest products and inventions as part of its Enabling Innovation Zone. The show, which is the largest annual engineering event in the UK, will take place on 4th-5th November at the NEC, Birmingham, and will allow smaller enterprises to accelerate their growth by making the right connections in the world of advanced manufacturing and technology.
Sage has announced new updates to its Small Business Accounting Solution. Designed to support small businesses in the construction industry, the updates enable customers to manage their day-to-day accounting in the cloud, as well as comply with sector specific UK Government requirements for the Construction Industry Scheme (CIS).
Breed Reply, European investor in early-stage Internet of Things (IoT) businesses, has increased its investment in Dutch AgriTech company, Connecterra. As part of its Series B funding round, Connecterra has secured €7.8m from existing investors, Breed Reply and Sistema, alongside new investors including AgTech specialists ADM Capital, French food safety enterprise, Kersia Group and Dutch impact investor, Pymwymic.
Global small business platform, Xero has announced its new analysis has revealed the extent of COVID-19’s impact on UK small business employment and revenue between March and May 2020, showing a 28% drop in revenue and a six percent decline in employment. Late payments to UK small businesses increased by 7.8 days between February and May 2020.
Chocolate and technology, arguably two of the greatest two things in the entire world, and Sergio Figueredo, Founder of the startup Choco4Peace, is therefore arguably one of the greatest men in the world, as he managed to combine the two. Not only that he has also this year been chosen as the first Hustle Awards Winner in the category Social Impact Hero!
With COVID-19 set to spark the worst economic recession since the Great Depression, new research by the World Federation of Advertisers says 89% of large international companies have put their marketing and advertising campaigns on hold. Global marketing and advertising spend is plummeting at the fastest rate since the 2007-2008 financial crisis, leading to uncertainty and trepidation within the sector.
Secto Design has made a significant investment in startup company Paptic. “Until recently, Secto Design has purely invested in developing its own production. However, Paptic has such a meaningful goal and it fits perfectly to our own philosophy, that we had to jump along,” said Tuula Jusélius, the Founder of Secto Design.
From a young age Olivia Higgs, always knew she wanted to be an entrepreneur. Although initially it was more of a dream to own a boutique hotel, rather than being the Co-founder of NAVA, an app that enables users to explore cities in a personalised way whilst supporting local independent business owners, but it was through her interest in artificial intelligence that she found herself here.
The economic turndown resulting from Coronavirus is expected to have a devastating effect on SMEs, the extent of which will cost the UK’s small and medium sized businesses an average of around £12,000, according to a survey which shows that two fifths of such firms are at risk of closing permanently.
The Shanghai-based personal mobility provider, AIWAYS has confirmed it is working with the biggest and best automotive technology suppliers from Europe to develop the U5 all-electric SUV. The supplier list demonstrates the Chinese startup’s commitment to quality in product development and manufacture.
The Great Depression that hit the US in the 1930s was probably the worst economic recession ever registered. To guide the country out of it, President Roosevelt launched a series of programmes, public work projects and financial reforms known as the New Deal. While the economic implications of COVID-19 threaten to shadow the Great Depression, Harel Boren, CEO and Co-founder of Inspekto, explains why Autonomous Machine Vision (AMV) could be the new New Deal.
Provider of a data analytics acceleration platform that enables enterprises to gain insights from their massive data stores, SQream has announced that it has raised $39.4m in Series B+ funding. The round was led by Mangrove Capital Partners and Schusterman Family Investments, who joined existing investors, including Hanaco Venture Capital, Sistema VC, World Trade Center Ventures, Blumberg Capital, Silvertech Ventures and Alibaba Group. The proceeds of the investment will be used to recruit top talent to accelerate advancements in the Company’s technology and cloud innovation, and customer delivery platforms to better serve worldwide demand.
LiveStyled is excited to announce it is relaunching as Realife Tech, The Experience Automation Platform, with a $7.2m funding round led by Virgo Investment Group, with additional backing from strategic investors Superfly Ventures and Stadia Ventures. Realife Tech works with the world’s biggest entertainment destinations and events, and has developed a ‘Post-Covid Fan Safety Hub’ to provide key customer-facing technology and help bring events back safely once restrictions on large gatherings are lifted.
As renowned author and alternative medicine practitioner, Deepak Chopra once said: “You have to think of your brand as a kind of myth. A myth is a compelling story that is archetypal, if you know the teachings of Carl Jung. It has to have emotional content and all the themes of a great story: mystery, magic, adventure, intrigue, conflicts, contradiction, paradox."
The business landscape has transformed like never before in just a matter of months. I've seen first-hand how the current climate has impacted global enterprises. As business leaders, we need to instil trust within our teams while also having a clear strategy on how to navigate these challenging times.
Israel startup Rise.ai, which offers AI-driven customer re-engagement solutions, is making its gift cards available for purchase on Facebook and Instagram. This new feature will let small and medium businesses and enterprises (SMBs/SMEs) sell digital gift cards to their local community through Facebook and Instagram using the customers’ geo-location.
In the world of work, the effects of social measures that governments are being forced to take have proven to be incredibly challenging for businesses and employees. However, for many business leaders around the world, they are now starting to turn their attention to the potential long-term implications of the pandemic on the next era of work.
Purina has announced the first ever winners of the UNLEASHED accelerator lab programme. UNLEASHED is a unique initiative, run by the Purina Accelerator Lab, designed to combine R&D with personalised mentoring and a bespoke nurturing of each business. The winning cohort includes: BlueNalu Innovations, San Diego; BorrowMyDoggy, London; Natu, Barcelona; OneMind Dogs, Helsinki; and Petable, Lisbon.
Asto Business Capital loans are now available on the Funding Options platform as part of a long term partnership with the business finance marketplace. The Santander-backed app joins Funding Options’ roster of more than 200 lender partners, offering loans of as little as £150 or as much as £150,000, to help small businesses plug urgent cash flow holes.
So far, the first half of 2020 has felt like six years, not six months. Every new month seems to bring with it global challenges and the threat of coronavirus still looms. The knock-on effect of COVID-19 has been significant, with the FTSE100 losing nearly a quarter of its value in late March - the biggest drop in history.
Cazoo, the UK's fastest growing digital business which is transforming the way we buy used cars, has today joined the exclusive list of companies known as unicorns, with valuations in excess of $1bn. Founded 18 months ago by serial entrepreneur Alex Chesterman and having launched only 6 months ago, Cazoo is now the fastest British business ever to have reached the rare and coveted unicorn status.
For many businesses, scaling up and sustaining growth often seems unachievable, even when the brand has a profitable product or service. Investor and advisor, Sharon Brown, principal of Amplify Equity Inc. has recently adopted a laser focus for helping businesses step-up to the next level by leveraging investor expertise, industry experience, networks, and connections to help them grow faster.
It goes without saying that for any business, in any sector, in order for it to survive, grow and prosper, sales are imperative, because sales generate profit and cash flow and these are the lifeblood of any business. It is understandable, therefore, that I often overhear the question ‘how do I promote my business?’
When (or indeed if) office-based employees make a return to work, now that lockdown restrictions are slowly beginning to ease, they are likely to find a very different world to the one they left behind. Startups, by their very nature, are inherently innovative, adaptable, flexible, and more willing than most to embrace change.
In the last few months, COVID-19 has impacted businesses in profound ways. Throughout that time, I’ve heard from organizations, large and small, how they’re staying connected with customers through technology. This has always been core to my team’s purpose, but we can do more to help businesses and nonprofits through this crisis.
Start it X, the programme dedicated to driving innovation within large companies, announces the launch of a new matchmaking service. Start it X will help corporates innovate by connecting them to established scale-ups from all over the world. In doing so, the accelerator gives Belgian companies faster access to innovations developed in other countries while positioning the Benelux as a highly attractive region for trade.
European challenger bank bunq today joins forces with global charities to aid its mission to make the world a better place. Following a public beta programme, which saw bunq ask its users to share their insights and to test its new app before rolling out to the masses, bunq is now unveiling ‘Common Goals’.
Lipreading-friendly face masks, digital medical services and contact-free ATM buttons among winning business entries to The AdamStart COVID-19 Innovation Challenge, as British entrepreneur Adam Bradford has revealled the five winners of the AdamStart global entrepreneurial challenge to tackle COVID-19.
Emerging and fast-growing markets offer the biggest opportunities to build and grow a brand. If you can start at the point of early adoption and gain enough traction, your brand could become a leader as the market becomes established. Identifying the right market is about understanding cultural trends and then positioning your brand as the solution to shifts in consumer behaviour and growing demands such as meat and dairy reduction or a move towards a more natural, skin-first makeup routine. With the right timing, you can hit a perfect intersection like the widespread adoption of craft beer coinciding with the cultural shift towards independent brands.
The number of people on UK payrolls dropped by 612,000 between March and May, according to early data from the Office for National Statistics and HM Revenue and Customs that is starting to show the depth of the hit to the economy from the pandemic. The UK unemployment rate for the three months to April 2020 was estimated at 3.9%, 0.1 percentage points higher than a year earlier but largely unchanged on the previous quarter.
Personalised health management platform, Span, has announced the launch of its new subscription-based business offering to help employees prevent and reduce symptoms of lifestyle-induced conditions - Diabetes, Hypertension, Polycystic Ovary Syndrome, Obesity and IBS. The platform offers personalised, continuous nutrition and mental wellbeing plans and on-demand consultations with clinicians.
Over the last few weeks, Chancellor Rishi Sunak spelled out how he and the Treasury plan to end the Job Retention Scheme - also known as furlough - at the end of October. The scheme is currently paying 80% of the wages of at least 8.4 million workers placed on furlough by their employers. Many are concerned that the majority of these workers will be made redundant as soon as the scheme ends, leading to mass unemployment.
With recent news showing the British economy shrunk by 20.4% in April, several business owners are concerned about whether their businesses will recover and what the 'new normal' will look like. Here we chat to Pete Reis-Campbell, CEO and Founder of Kaizen, who discusses how he navigated the pandemic why remote working is the future for many companies.
….you never know what you’re going to get. Although Forest Gump didn’t technically say that, there is some truth in it: no two leaders are ever the same. Think about the people you’ve been led by in the past - maybe they were a crunchy-coated, brittle leader, they might have been soft and gooey, or chances are you’ve probably had a few nutty ones as well. You never know what you’re going to get.
The Tech to Connect Challenge was launched in the summer of 2019, in order to develop early-stage ideas for technology that enable more or better interactions between people. The challenge looked for the most innovative ideas, helping them turn these ideas into prototypes that have the potential for real change.
The Bank of England has revealed that it may take the cost of borrowing below zero for the first time in its over 300-year history; following moves by Eurozone countries to introduce negative interest rates. The move could effectively mean that savers pay to have their money with banks and are incentivised to borrow money and increase their spending.
During Mental Health Awareness Week last month, in the UK and for seven days, the nation paid itself some attention and shone a light on the impact of work and COVID-19 on our wellbeing. For the rest of the year, however, we must continue to look after each other and our mental health in and out of work.
Death. A big topic, and generally as much a part of the everyday news cycle as politics or celebrities. From natural disasters to major atrocities, the subject never really goes away. That being said, it feels quite different at the moment. With death tolls now a media centrepiece, it’s playing a much bigger part in public conversation. At Farewill, where our 90-strong team of designers, engineers and psychologists are working to bring the death industry into the 21st century, we’ve noticed a real change in the way people are discussing and dealing with it.
Unfortunately, the Covid-19 pandemic continues to take its toll on our everyday lives, therefore, it is important we maintain high spirits and support each other and our local communities as much as possible. As non-essential stores remain closed until further notice, there is little we can do to help with this reality. However, for those small local shops and convenience stores that continue to provide us with our essential items and necessities, there are steps put in place to help support their success during this tough time.
Conducting a regular business audit is a vital document that is needed to help monitor and inspect the financial situation of a company. To prevent losing track of assets and overheads a business has, audits help bring clarity to managers where their cash in-flows and out-flows are going to and from.
According to UK Government statistics some 660,000 new companies are established each year and many of these will have plans to scale rather than to remain a micro business. Some founders will of course be happy to run their startup as a side hustle, and others will only be looking for a lifestyle business. But for many others that are looking for something larger, ‘how do I scale my business?’ is a question that I am often asked.
As we live through the most connected time in history, its clear to see that data plays a huge role in many businesses. It’s what keeps businesses running smoothly, so naturally it needs to be of the highest quality. But what are the most reliable sources? Customer feedback is at the top of most businesses lists. Customers certainly won’t hesitate to tell you what they like or dislike about your product or service. But how can we use all this information? Can conversations with call centres or an online chatbot harvest all the value from these conversations?
Ontruck, Europe's leading digital road freight platform, has secured an investment round of €17 million euros led by OGCI Climate Investments (OGCI CI). Existing Ontruck investors, Cathay Innovation, Atomico, Idinvest Partners and Total Carbon Neutrality Ventures, participated in the round, with Endeavor Catalyst joining as a new investor.
Artificial intelligence (AI) is transforming the technological landscape of the future. US-based technology company, is developing a consented and privacy preserving public dataset of human interactions for AI research. This video content will help researchers to advance the possibilities of machine learning within their applications. The contributors to the project are remote workers in the gig economy, also known as the ‘human cloud’. They are being crowdsourced by freelance hiring platform, Twine, through their extensive community of 350,000 freelancers.
The team at Quotezone.co.uk, an insurance comparison site, surveyed 600 UK businesses about how they are dealing with the lockdown. The research revealed that two fifths of UK businesses (39%) have had to pivot their offerings since the beginning of lockdown, with 76% of these providing a brand-new service.
Since the Coronavirus outbreak, multiple concerns about the pandemic deepening social and economic inequalities have been raised. The latest ‘Ecoystem’ webinar session brought together leading investors and one of world’s largest engineering and manufacturing companies in a conversation on challenging industry perceptions to break down barriers to VC funding and innovation.
Tech Nation, the growth platform for tech companies and leaders, has announced the new Net Zero growth programme. The programme is designed to support tech companies that are building a greener, cleaner, and more sustainable future, and helping the UK reach its goal of net zero greenhouse gas emissions by 2050.
Being out of work during ordinary times is not fun. It can weigh a heavy impact on one’s confidence and sense of wellbeing, as well as being demoralising. This applies to people whose employment has been put on hold through, as they have been in the United Kingdom, furloughing schemes designed to prevent mass redundancies. It also applies to students whose future employment and careers have become uncertain after in-person lectures and exams were put on hold. The breath of fresh air is that some lockdowns, including the one in the UK, are beginning to ease.
Startups Magazine has been lucky enough to interview Kevin Smith from Boom & Partners, a business that offers bespoke mentoring for startups to help them grow and thrive. Having teamed up with Kevin and Boom & Partners many times already, we thought it was time to get his expertise on some of the most pressing conundrums for startups
A HOSPITALITY tech start-up is offering bar, restaurant and casual dining owners a way of introducing safe, contactless customer interaction to comply with social distancing guidelines. ePOS Hybrid has been working on developing new software to help the beleaguered hospitality industry rebuild from the Coronavirus pandemic since lockdown began.
The global workplace stress management market size is expected to reach $11.3bn by 2025, rising at a market growth of 8.5% CAGR between now and then, while the global workplace wellness market, which was valued at $46.08bn in 2018, is growing just as rapidly and is expected to reach $74bn by 2026, expanding at a CAGR of 6.1%. However, BioSelf Technology, a UK startup headquartered in London, on Harley Street, has developed a pioneering, clinically validated, wearable device to combat the growing stress pandemic.
The Halo Effect is a type of cognitive bias, commonly known in marketing as the tendency for positive impressions in one area to influence one's opinion or feelings in other areas. When it comes to branding specifically, I believe that this effect has been demonstrated to reinforce as well as rejuvenate a brand in the eyes of its fans, it can be utilised to spark conversations around it and thus leading to more organic growth. The question that poses itself is how can we successfully achieve this effect, and why is it necessary to keep a brand alive in the fast paced and media devouring environment that we live in today?
Given that up to 50% of any population identify as introverts, organisations with an unbiased recruitment process will have a fair proportion of introverts in their workforce. If their promotion panels are fair and equitable, some will reach positions of leadership. However, many introverts spend much of their working life pretending to be more extraverted in order to fit in and be accepted. This comes with a heavy price tag; overwhelm and burn-out. Introverts need strong, well-defended boundaries and a personal strategy for replenishing.
Mayku's desktop factory is turbocharging Britain's creative businesses by enabling rapid design, prototyping and high-quality production. Co-Founder and CEO of Mayku, Alex Smilansky, discusses the efforts to support businesses amidst the pandemic, and comments on Mayku's 100% month on month growth in lockdown.
Perhaps you know it: the iconic scene from Jerry Maguire where Dorothy (Renee Zellweger) stares longingly at Jerry (Tom Cruise) as he declares his undying love for her, announcing that she completes him, hoping it will win her over but he needn’t have, he had her at 'hello'. She was gripped from the moment he walked in, she wasn’t listening to his fumbled speech, she was mesmerised, and one thing is for sure, she certainly wasn’t thinking about leadership. Nope. That was far from her mind.
Earlier this month, the UN warned of global mental health crisis due to COVID-19 pandemic. As the world is returning to 'new normal', serial entrepreneurs and key figures from the real estate and venture capital industries opened up in a conversation around surviving a crisis and channelling trauma into strength.
Analyst relations. For many startup founders and marketing teams, it’s still a bit of an unknown. There’s no question that it’s a valuable marketing strategy, but there’s a surprising lack of literature advising startups on how to make it work for them, when to start, and what to do in a briefing. This article looks to state the case for analyst relations in a startup context whilst providing some valuable insight from the analysts themselves.
Alongside a few others, I recently gave a talk to a university conference where I explained my progress in the past year, successes and changes, and my plans. What was interesting, hearing my own answer alongside the other start-ups called in to do the same, was that things have generally 'paused.' We have stopped every financial outgoing we possibly can and are reaching out to investors and clients alike only to be told that they are in the same position – 'expect nothing soon.'
Law firm Taylor Wessing’s work with the Mayor's International Business Programme, and its work day-to-day with VC-backed tech companies has shown that most UK companies look to the US or Asia before Europe when looking at new markets. However, Europe is on our doorstep, and has its own advantages which shouldn't be ignored. This article by Mark Barron, a corporate technology partner at Taylor Wessing, will cover what you need to think about in choosing Europe as the first stop in your international journey, and a few of the key advantages in doing so.
OurCrowd, a crowdfunded-venture investment platform, has announced the launch of its Pandemic Innovation Fund. The Fund plans to raise $100m for investment in urgent technological solutions for the medical, business, educational and social needs triggered by global pandemics and other health emergencies.
Startup Zhiyun, the world’s most popular gimbal brand for cameras and smartphones, has announced the launch of the SMOOTH-X smartphone gimbal. SMOOTH-X is a stylish palm-sized foldable gimbal that weighs only 246g and easily fits into your bag – or even your pocket. With the new dedicated ZY Cami app, SMOOTH-X provides new ways to capture and create stories. Unfold your world with foldable SMOOTH-X – it is a whole new spin on the gimbal.
As spring turns into summer and the fears of lockdown turn into the uncertainties of release, many early stage companies are effectively having to start all over again, either because they have been temporarily closed and have been in something of a coma like state, or because they have pivoted and the business plan has changed from the original. The question being asked by so many, is ‘what do we do and how do we go about it?’ and is focused around the fundamental question that takes all founders back to the origins of their business.
The world feels upside down, right? Mankind is not meant to stay locked inside. We need wide spaces, open-air, opportunities and horizons. As the world stopped and placed us in a timeless lethargy we find it hard to remain optimistic. The same question goes round and round in our heads as we stare at the azure of the sky through the window: How is Coronavirus affecting the future of work?
We are in a state of an unprecedented global health crisis. Coronavirus has spread with similar speed and impact to an earthquake – with confirmed cases surpassing 5.5 million people in under six months’ time. Economically, according to IMF managing director Kristalina Georgieva, the world is facing the 'deepest recession since the 1930s Great Depression'. A shock to the system, which has transformed the way we work, communicate and live. And fundraise. Last week a research by Plexal and Beauhurst revealed investment in UK tech startups has dropped by 50% year-on year. What should companies fundraising know, how to prepare and how has the VC landscape changed?
As employees return to work, UK businesses are likely to face a backlog of annual leave requests that could cost thousands of pounds. By collecting data and analysing the average monthly salary at a baseline at £2,214 and at least 50% of employee annual leave owed, Coworking Specialists Instant Offices have calculated how much it would cost for companies of different sizes to pay staff for a minimum of two weeks of annual leave.
Like many good things in life, The Hustle House started out over a couple of G&T’s. Free ones at that. Maybe it was because Fiona had her laptop out in a restaurant on a Friday night, or maybe it was because the waiter felt bad for seating them late. Whatever the reason, the free G&T’s set the tone for a discussion on possibilities, on the notion of leaving behind the comfort blanket of corporate life and taking the plunge into the start-up world.
Collision from Home announced that Dr. Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization will be speaking at Collision from Home on 23rd-25th June. The Director-General will be asked about COVID-19 and the fight against this unprecedented global pandemic from the unique viewpoint of the World Health Organization's overarching access to the frontline.
Technology platform for mobile computer vision and augmented reality (AR) solutions for enterprises, Scandit, has announced that it has raised $80m in Series C related funding led by G2VP, a Silicon Valley venture capital firm of former Kleiner Perkins partners. They were joined by Atomico, GV, Kreos, NGP Capital, Salesforce Ventures and Swisscom Ventures. Scandit has previously raised $43m.
After nine long weeks of lockdown, businesses are starting to re-open or, at least, planning to reopen in the near future. For some of the luckier ones this might be possible without having to make too many, or too onerous, changes. For others, the planning will need to be much mere detailed and the implementation will be much more complex.
The severity of the COVID-19 pandemic, and necessary Government restrictions to curb the spread, has thrown millions of the UK’s small and medium sized businesses into a period of uncertainty, and in many cases, hardship. The Government has announced a series of sweeping, comprehensive and extraordinary measures for businesses to help them weather the storm
Africa is a land of innovation! For several years now, initiatives have been multiplying to publicise the dynamism of this continent full of future. From Futur.e.s in Africa organised in Casablanca in collaboration with Cap Digital to EDF’s Pulse Africa competition, African technology is seducing by its ability to break codes and propose effective solutions to current issues.
Over £7.25bn has now been paid to more than 40,500 businesses under the UK government’s Coronavirus Business Interruption Loan Scheme (CBILS). More than 130,000 applications were also received for the newer Bounce Bank Loan Scheme (BBLS) on the first day of launch alone, with SMEs able to apply for between £2,000-£50,000.
On 29th April, 2020, the Red Herring judging panel announced the winners of its competitive Top 100 Europe Award. Inspekto, the German-Israeli company founder of the Autonomous Machine Vision category, was one of the companies to receive the prestigious recognition, which celebrates the achievements of visionary enterprises and their potential to revolutionise their respective industries.
The global pandemic is creating huge uncertainty for people, businesses and livelihoods in the UK. To support those who are looking to better understand the new government financial support that is available and how it can help them, Jim Harra, Chief Executive and Permanent Secretary of HMRC, will be participating in a LinkedIn Live interview and Q&A hosted by Emily Spaven, UK Editor of LinkedIn News, on Thursday 21st May at 3pm BST.
If a guest asked for toast, would you butter a piece of bread and serve it up to them? No way - the ‘toasting’ is the essence of toast, and anything else is simply a job half done. The same applies to your brand. Skipping straight to designing your business logo is equal to spreading the butter straight onto bread...it’s ineffective and lacks the ‘essence’.
Mental health startup, Flow has become the highest scoring free depression treatment app in the ORCHA App Library. The inclusion means that many NHS trusts and healthcare professionals, who have their own bespoke App Library using the ORCHA platform, can now include Flow in their library and directly recommend it to their patients to reduce symptoms of depression - particularly during the current coronavirus pandemic.
A considerable task business owners face during the outbreak is keeping teams motivated and productive in the face of uncertainty. According to the people management and CIPD poll, around 63% of employers say anxiety is the biggest challenge facing their organisation right now, followed by the inability for their teams to work remotely.
Most of us want to do our bit to save the planet. We’re aware of the ongoing risk of climate change. We’ve all watched David Attenborough’s Blue Planet documentary, and we’ve watched the Facebook videos of our oceans filled with plastic, and our sea life swimming amongst dozens of empty drink cans. But after seeing these saddening sites, do we actually try to do anything about it?
Many businesses ask me many questions but one of the questions that has become more common over the last few months is whether their business should pivot. Regular readers will know that many of the answers to questions I overhear are often prefaced with ‘well it depends’ but this question can in many ways be easier to answer than that.
A deep-learning medical imaging analytics company, Zebra Medical Vision, has announed its fifth FDA 510(k) clearance for its Vertebral Compression Fractures (VCF) product. The company’s latest AI solution automatically identifies findings suggestive of compression fractures, enabling clinicians to place patients that are at risk of osteoporosis in treatment pathways to prevent potentially life changing fractures.
There’s no denying that living in lockdown amid a global pandemic is something new to us all. And for millions of workers across the country, they’ve spent the last few weeks working from home as a result of social distancing. Here, Parin Ashra, UX/UI Designer at Perlego for mental health awareness week, delves into mental health within businesses, and why we should be doing more.
Indorse is a Coding Assessment Platform for recruiting, hackathons and upskilling. It leverages a community of leading software developers spread across the globe to assess coding skills and tech capabilities. We spoke to Gaurang Torvekar, Co-Founder and CEO of Indorse who did a Q and A with Startups Magazine about the current climate for Indorse.
In the current climate, many of us have found ourselves in different working environments - with the majority of people working from home. With our home and work spaces becoming the same place, it’s more important than ever to ensure you take steps to create some separation and avoid burnout - a common issue faced by small business owners.
As countries in Europe begin to ease some of the Coronavirus-related restrictions, the UK government has announced it will begin to follow suite. From Wednesday, the national population can take unlimited exercise outside and people who cannot work from home should return to the workplace, avoiding public transport.
Global efforts to combat climate change have been stifled recently, with an unprecedented crisis shifting the focus of governments, businesses and consumers away from the plight of the planet. We’re engaged in a war against an invisible enemy; and COVID-19’s dire importance has placed many environmental initiatives on hold.
Decathlon has announced it is rolling out MishiPay’s mobile self-checkout solution across its 81 German stores. The innovative technology is already live in Decathlon Deutschland stores in Berlin (Berlin Hauptbahnhof), Munich (Munich Connect), Cologne (Marsdorf), Schwetzingen and Plochingen, with more locations being added every week
Blackfinch Group announces the launch of the #ISOLATIONINTERN platform in partnership with investment industry firms and universities to enable specialist talent acquisition under Covid 19 Restrictions. The initiative aims to supercharge early stage companies and help keep this vital sector of the economy on track.
Throughout history there have been several significant events which have led to mass deaths defining the course of civilisation. Among these are World Wars, plagues, pandemics, and epidemics including the black death, flu pandemic of 1889-1890 and more recently Swine flu, Ebola, and our present challenges with COVID-19. They are all examples of major historical outbreaks that have taken lives and steered the course for public health development, social and medical innovations some which still being used today.
Sage has released the first edition of the SMB Tracker, highlighting the latest weekly sentiment from businesses across the UK. This week the Tracker finds that a greater proportion of the UK’s small and medium sized businesses may have either applied or intend to apply for the Coronavirus Job Retention Scheme (JRS).
Modern day advancements in technology and resources, as well as a much wider range of funding options, mean taking an idea from initial concept to startup has never been easier. One thing that you can’t create a shortcut for, however, is understanding the fundamentals of scaling a business - and getting it right.
With the UK charity sector estimated to be facing a £4 billion loss in the next 12 weeks and 50% of all businesses putting most of their staff on furlough as a result of the Coronavirus (Covid-19) pandemic, Freestyle, a Midlands-based digital product studio - has launched a unique service helping charities connect and find support from local businesses and its furloughed workers, Charity Matcher.
The COVID-19 pandemic is having a devastating impact on businesses and the economy in the UK. Access to finance for business, as provided by banks and financial services institutions, is imperative in these trying times. Whether you’re a shopkeeper, sole trader or multi-national company, the chances are you need help right now, and getting access to that support is a top priority.
As we emerge blinking into the light post lockdown, what will the ‘new normal’ look like? The questions that I am overhearing have changed very recently, from those covering how to survive during lockdown, to those focused around how to get back to normal working? In truth, the questions vary from the theoretical to the practical, but in essence they all ask, ‘how will we adapt to the ‘new normal’?
Bot-Hive, a digital marketplace for robotics and AI solutions has successfully completed a six-figure equity funding round. Bot-Hive is a digital marketplace which connects SMEs with the right automation technology for their business and shows them the best way to introduce robots to their workflow processes.
Hub71, Abu Dhabi’s growing tech ecosystem, has expanded to 51 startups with the announcement of 15 new joiners to the Hub71 Incentive Program. The Hub71 Selection Committee prioritized global startups in the field of HealthTech and EdTech, which provide essential technologies to support the private and public sector as they adapt to the challenges of the COVID-19 pandemic.
Founded in early 2019, Funded.club provides recruiting services for startups and scale-ups. Rather than charging based on a percentage of annual salary, Funded.club receives only low success fees that come in 70-80% less than a regular recruiting agency, irrespective of the salary offered or how long it takes to fill a position.
Temenos, the banking software company, has announced the launch of Explainable AI (XAI) models to enable banks and credit unions to rapidly offer loans to small and medium enterprises (SMEs) that have seen their cash flow disrupted by the Covid-19 outbreak. These patented XAI models allow banks to accelerate digital onboarding, conduct eligibility checks and process loan applications for SMEs and retail customers.
The first step in an energy company collaborating with a startup is to ask itself a simple question: why? In part one of this series, we answered that from a wide-angle perspective – because the industry needs to innovate to keep up with the pace of change, and collaboration with startups appears the quickest, surest way to do so. Because the old model of fiercely guarded, siloed research has reached its limit.
More than 28-days on from the Prime Minister’s lockdown measures closed the door on many businesses, Toby Harper said help, for many, was still 'painfully slow.' He said the Chancellor’s new £1.25bn coronavirus package to protect firms driving innovation in UK , which includes a £500m investment fund, asks more questions than it answers.
Around nine million accidents happen in Germany every year – sometimes with lasting health consequences for those affected. Personal accident insurance helps to cushion the financial burden. Getsafe has decided to offer its customers a digital accident insurance product. This marks an important step for the company towards life insurance and shows that even personal, complex insurance products work on the smartphone.
Money most certainly does not buy happiness, but it does make the world go round. And the lack of money can lead to hardship in many ways. A question that I keep overhearing recently is about whether it is still possible to raise finance during the coronavirus pandemic. The simple answer is yes… maybe!
Aging is a slow process, and often a very painful one. The truth is the older we get the more assistance we need. Most of the time, the system we live in does not provide the right support for seniors. As the market continues to cater more to the younger, more digital-savvy consumer, there is a hole being created by the large retailers.
A new not-for profit social impact grant scheme has been launched, the Energy for Tomorrow (EfT) campaign. This grant scheme has been created by Centrica to support and empower entrepreneurs, particularly those from underrepresented groups, who have concepts and innovations to tackle climate change, lower energy bills, and deliver real impact to people and communities.
The Francis Crick Institute today announces that it is deploying a cloud-native simulation engine developed by UK start-up, Hadean Supercomputing, to simulate how COVID-19 spreads both in the body and through the wider population. The Francis Crick Institute and Hadean are working together to accurately forecast how the virus spreads in order to help governments, public health authorities and businesses make fast, informed, and in many cases, life-saving decisions.
Ingenious has announced that its Infrastructure Ventures EIS Service has led a $4m A-series investment round in Shoreline. The Norway-based startup has built an intelligent field operations and project development platform to help develop profitable wind projects by constructing and operating them efficiently using intelligent schedule optimisation and simulation.
The current pandemic has brought shock and uncertainty to businesses across the world. From global heavyweights to SMEs that are the backbone of the British economy, the question for many leaders is, how can we keep afloat during this crisis? Thankfully we live in a digital age where many businesses can be taken online. Along with government support, there are many tools that can be easily accessed to pivot during this period.
More than ever, cash flow is a key issue for small businesses, and understanding it is crucial to making informed decisions at the right time. The government will be asking businesses to demonstrate that they have an understanding of the state of their cash flow as it stands, and in the future before allowing access to the grants and schemes being offered.
A leap of faith involves having a basic belief in yourself and a fundamental trust in the vision of who, what, and where you want to be in the future. This is something that Steve Arnold, the now CEO and Founder of e-days, did back in 2016. Since then his startup has grown from a side project to a successful scaleup with over 1,500 customers across 128 countries. Startups Magazine caught up with him to find out more.
Skim read the annual report of a major energy company from 2010 and you won’t come across many instances of the terms: 'innovation' or even 'startup'. Now, it is a different world. Even the slowest moving established energy companies (perhaps especially the slowest moving) recognise that innovation is key to survival in a changing market and that collaboration with startups is a good way to go about it.
Nottingham University Business School announces May event to help business leaders survive and thrive in the ‘new normal’. Chief Executives, HR, Learning and Development and Talent Management professionals are being brought together by Nottingham University Business School to plot their way forward from the Covid-19 pandemic which is threatening irreversible damage to the UK economy.
Businesses in the UK, and across the world, are facing unprecedented challenges in order to survive and thrive in the wake of COVID-19. Scaling businesses are facing an additional and unique set of challenges, as many will be in the ‘critical growth’ phase which is often loss-making – embarking on a stage of expansion in order to achieve future revenue growth. This makes the current climate daunting to approach.
Applied Blockchain has completed a £2m funding round lead by Hong Kong based venture capital firm, QBN Capital. The newly-injected funds will be invested in developing a platform using privacy enhancing technologies to help companies to collaborate and generate meaningful outcomes together, without having to share any of their data.
With COVID-19 continuing to be at the forefront of everyone’s minds it can be hard to prioritise the right things for your startup when it comes to managing money. This is undoubtedly a tough time for everybody, but for startups, freelancers, sole traders and small business owners, it’s hitting particularly hard.
UK-founded marketing technology company ContentCal has secured a £2.5 million investment from early and growth stage investor Fuel Ventures with participation from existing shareholders. The new funding will be focussed on driving customer growth, product innovation and doubling the size of the team.
In the UK educational technology (or edtech), is currently significantly under-funded, compared to a market like the US. Despite this, London-based company The Profs is shining through and making great strides when it comes to enhancing the offering of one-to-one education. Startups Magazine caught up with Founder Richard Evans.
Found & Flourish is a female founders and aspiring entrepreneurs online membership, media & events platform. We have over 10,000 women within our network and run on average 40 events a year. Our mission is to empower women in business to launch, grow and scale their dream businesses. We also provide services, resources and community to support the women at every stage of their entrepreneurial journey.
Any business at any time has to constantly be considering how best to trade in the present, and how best to trade in the future. This is equally true in the good times as it is in the difficult times. For many, this strange period where the world is caught up in the coronavirus pandemic is certainly one of the much more difficult times, but for some lucky businesses it is actually a period of rapid growth and great opportunity.
Since the COVID-19 pandemic was declared on the 30th January, OVHcloud have been carefully observing how the situation has developed across the globe. Today, depending on the guidelines issued by governing healthcare authorities, the company is managing local situations in all regions where it has teams. It is doing this to guarantee the employees’ safety, and also guarantee continuity for customer services.
A staggering 66% of startups have less than 12 months runway and 39% have less than six. These bleak statistics paint a somewhat gloomy picture and yet, in the UK alone, we saw a steady 8.5% increase in the number of companies being registered last year, so these figures are certainly not deterring the business leaders of today. Here James Hyde, CEO and co-founder of James and James, explains more...
As a global pandemic sweeps large parts of our world, one could be forgiven for not having their new marketing strategy or business pivot plan at the top of their agenda. We are collectively experiencing some form of anxiety to one degree or another, with our systems on constant, low-level 'limbic alert'.
In the current climate, overcoming the fallout from the coronavirus crisis will be a top priority for most, if not all, businesses worldwide. However, this does not mean we can ignore the underlying challenges that continue to impede global progress towards goals like ending the gender diversity crisis.
The COVID-19 pandemic has hit the economy hard, and small businesses in particular. The UK Government is moving at great pace to implement unprecedented economic assistance measures, but even with their best efforts, the dramatic drop in footfall over recent weeks has made it difficult for small businesses to survive even in the short interim period.
STARTUP3 is a new business acceleration programme that aims to bring innovative tech ideas into the industry through its extensive business and growth programme and pool of corporates and investors! Funded by the European Union under the Horizon 2020 programme, it allows startups and SMEs to gain extensive and expensive set of business services for free, mentors from big European corporations, direct access to the corporations and investors.
As a keen runner, I have always felt a little caught between a rock and a hard place when it comes to headphones while exercising – from the inner earbuds, which while relatively comfortable, tend to be quite unstable and are prone to falling out; and the over-ear versions which are pretty sturdy but by the end of a run feel like they’ve pushed your ears through a mangle (and are not to mention very sweaty). My interest was piqued therefore, when I heard about a new earphone kid on the block, Drown Audio, so I was all-ears when I spoke to Founder and President, Mark O’Callaghan.
Coronavirus is on everyone’s lips, not literally but figuratively. And for very good reason. It seems so long ago already that the only thing in the news was all things Brexit, and how companies will need to adapt in order to survive, and now that has been brushed aside by a much bigger and more urgent threat – coronavirus.
Farm491, the AgriTech incubator based at the Royal Agricultural University, has adapted its season of events exploring the future of British Farming to comply with the UK’s Covid-19 social distancing measures. The organisation has developed a programme of webinars throughout April, many of which will be available to everyone, with a few select online events being held exclusively for its members.
The current global situation has affected many different industries, businesses and individuals and it is safe to say we are only just getting into the real mix of it. A lot of people have been talking recently how this could change the world in some way forever. One area that is has affected in an interesting way in the insurance technology area. We decided to catch up with and ask a few questions to Christian Wiens, CEO and founder of Getsafe about the insurtech space, and the current situation for them.
When Monzo needed to launch their new business accounts, they asked Studio Output to help develop the visual identity. Over a series of design sprints, the partnership delivered an identity system with the simplicity and magic people love about Monzo, and the trust and reassurance businesses need from a bank.
Pluralsight, the enterprise technology skills platform, has announced that in an effort to encourage technology learners around the world to stay safe and stay home, the company is offering full access to its entire platform of technology skill development courses for free throughout the month of April. Technology learners that currently do not have a paid Pluralsight subscription can now access more than 7,000 courses taught by the world’s leading experts in their respective fields free of charge.
This startup has one of the nicest mission’s I have ever come across, and especially with the current global situation it seems we can all use a little bit of Livitay in our lives. At Livitay they are on a mission to make people happier at work. Day to day the co-founders, Jack Needham, James Naylor want to empower teams and individuals to take their wellbeing into their own hands using technology.
Treedy’s, the technology market-leader in ensuring the right clothing size for customers via instantaneous, fully-clothed and precise scanning technology, today announced it is making available its first generation software as open-source in order to facilitate access to its cutting edge quality 3D scans by research institutions, universities and other non-profit organisations.
Many of the world’s most successful entrepreneurs claim they’ve learned their best life lessons from making mistakes and bouncing back. But that doesn’t mean that expensive errors should be embraced. Spotting problems early on and better understanding the challenges ahead can help limit the cost and potential damage when things don’t go as planned.
A practical support package to help businesses through the coronavirus emergency has been put together by Teesside University. Along with other agencies, the University is working with the Tees Valley Mayor and Combined Authority to ensure a coordinated approach, helping the region’s businesses to stay resilient and to be ready to grow when the crisis is over.
'How to prepare your brand for the next stage of growth': Many of us have tried a digital detox for ourselves: whether we’re trying to get back to nature, not ignore our families, or just step away from the phone for more than an hour! It is often far harder than we think, no matter how many influencers go on about it - ironically, on social media.
Planet saving startups and entrepreneurs now have just one week to apply to this year’s Postcode Lotteries Green Challenge, one of the world’s largest competitions in sustainable entrepreneurship. Postcode Lotteries Green Challenge rewards British, Dutch, German, Norwegian and Swedish startups that successfully combine sustainability, entrepreneurship and creativity to help tackle some of the world’s most pressing environmental challenges. This year’s competition closes at midday (GMT) on 1st April.
The Coronavirus pandemic will change online behaviours significantly and possibly permanently both for consumers and businesses. People have been forced to access information in new ways, interact and purchase new and different products and services online, and the longer this continues, the more likely these are to become habits.
THE Covid-19 pandemic has made logging on to Zoom and Microsoft Teams part of a new daily working routine for millions of Brits. The use of the video-calling tools has exploded in the past fortnight with people following Government advice to stay at home. But there are increasing fears at how this key tool for home-workers is bringing new dangers.
Running your own business is not an easy thing. We know this. Everyone knows this. I am not saying anything revolutionary when I make this statement. But why is it hard? Well, to maintain financial and psychological wellbeing is tough for business owners but they’re not exclusive in feeling these worries, many employees also find maintaining financial and psychological wellbeing to be tough.
In today’s technology-driven world it’s easy to forget that some sectors have remained relatively untouched by its advance, and the global gold jewellery industry is a case in point. On the face of it, it’s perhaps difficult to see exactly where technology could make an impact in this extremely traditional industry, which hasn’t changed much since the ancient Egyptians began to adorn themselves with gold nearly 3,000 years ago.
As the coronavirus pandemic continues to disrupt and dominate our lives, feelings of anxiety are completely normal during times of uncertainty and in some cases isolation. Everyone will be impacted in a different way and it is important to remember that you are not alone. Already there are so many stories emerging of human kindness and compassion and people pulling together to help and support each other.
The Tech to Connect Challenge was launched in the summer of 2019, in order to develop early-stage ideas for technology that enable more or better interactions between people. The challenge looked for the most innovative ideas, helping them turn these ideas into prototypes that have the potential for real change.
The coronavirus pandemic has turned off the lights in millions of offices, factories and shops across the UK. But for many businesses who have switched to home-working the cost of their now empty property will still need to be met. And that dilemma is now causing growing concern among businesses – many of whom have seen revenue totally stop in the wake of the Covid-19 crisis. Today one of Britain’s leading law firms has advised companies with concerns over meeting the cost of commercial leases to hold 'sensible' discussions with landlords as quickly as possible. Harper James Solicitors also advise firms yet to get a plan in place to do so – before it is too late.
We invest in people that are very similar to us. That in itself it can be a good thing, the problem is that men invest mostly in men! Having spent the last eight years in venture capital investments working with many entrepreneurs during their journey from early stages into growth, I realised that there are differences in the way the women entrepreneurs in my portfolios experienced the fundraising journey.
These are strange times, unsettling times, and if I am honest this is not a normal question that I overhear much in more normal times, but recently THE question that I keep hearing is ‘do I have to work remotely and what does that mean for my customers?’ or, put another way, ‘does remote working have to mean working remotely?’
Cloud computing might be a relatively mature technology now, well-adopted by many types of SMEs, but changing your cloud strategy can still be daunting. Do the benefits of multi-cloud outweigh the costs? Is it worth the additional time spent managing multiple services, especially for a smaller business? I think that it is, and here’s why.
Jo White, Marketing Manager at customer relationship management software specialists Capsule, looks at the top sectors destined for startup success in 2020 and beyond. She explains how startups can leverage the latest technology to build lasting and meaningful personal relationships to deliver the excellence in customer experience needed to make it big.
The celebrations continue for International Women’s Day this weekend with the ‘Women owned: Women's worth event, which is designed to empower communities all across the world. Hosted by Charisma events, this event is designed to encourage everyone to come together in honour of International Women’s day – females, males and non-binary – everyone is welcome to discuss key issues around business leadership and financial tips to help bring success.
Any business at any stage of its life must be able to adapt and change to changing circumstances. One of the very real benefits that early stage businesses have is that they are small and fast on their feet and are therefore perfectly structured to be able to react swiftly to changing circumstances.
With the UK currently home to more than 5.9 million SMEs, the likelihood of reaching success for any small business owner depends largely upon their ability to make their company stand out from the crowd. Differentiating your brand from others can be a challenge in any industry, but with the right knowledge and mindset it can be achieved.
The Australian Business Visa Company, has been founded specifically to help UK companies considering their options for international expansion to Australia. With a trend of nearly two in five businesses looking to leave the UK, and Australia receiving over 30,000 personal visa applications each day worldwide and expecting a 50% increase in the foreseeable future ABV co. is well placed to assist UK businesses looking at new options.
As coronavirus continues to spread, more people are being encouraged to work from home in the coming weeks and months. If this isn’t something you’re used to doing, the prospect probably invokes one of two feelings. Either you’ll be looking forward to a break from commuting and queuing for the kettle, or you’ll be horrified at the thought of enduring your own company all day, every day.
A startling statistic from the European Commission’s: when it comes to European startups, 83% of startup founders are male. At the European Institute of Innovation & Technology (EIT), we want to see more women entrepreneurs: more female ownership of startups, and more businesses owned by women. It’s about equality and social inclusion, it is also about a good economic sense and using Europe’s biggest untapped entrepreneurial talent pool - women.
Nigel Botterill’s entrepreneurial journey began in much the same way as many others. The Founder and CEO of The Entrepreneurs Circle, a company whose mantra is to educate, motivate, help and inspire business owners to achieve more than they ever thought possible, was following a classic corporate path and had forged a very successful career with Barclays, who he joined at 16.
An accompanying survey of 2,100 people also uncovered that over half of Britons would prefer to work for a startup than a large corporation, regardless of the risk. The research was undertaken by the team behind global affiliate network, in the wake of the launch of its Access programme, that allows startups and entrepreneurs to access the affiliate channel.
Some people are afraid of networking and others love it! It is true. We have all come across people that love nothing more than going to networking events and chatting to as many people as possible – some of these really get the benefits that good networking can bring to them and their business, and others simply love networking because it fits their outgoing personality.
Many companies collapse after expanding too quickly and spending more than the new business brought in. The sales figures can be high, but the profit may not be there. Or, an unexpectedly large order may put extra pressure on employees – if they deliver a positive experience, a business can be propelled into the next stage of growth.
Let’s face it: if your business is growing fast, you’re likely to need capital. There are different ways of financing it (advanced or discounted sales, strategic partnerships, bartering, grants & loans, crowdfunding) with Venture Capital one that arguably poses the greatest risk for both founders and investors.
Finally at The Business Travel Show, Startups Magazine got to speak to Orkun Acikgoz, General Manager of Rent ‘n Connect that allows you to stay stay connected in over 130 Countries, with 4G high-speed pocket WiFi for up to 10 devices. Reserve your choice of Mobile Hotspot on Rent ‘n Connect for the dates you wish to have it or throughout your stay, the essential arrangements will be made and sent to you, so therefore you will be available to use it freely as soon as you pick up your Mobile Hotspot device.
The stigma attached to periods manifests in many ways and in the workplace, it can often prove quite a difficult obstacle to overcome. In 2018, there were 15.3 million women aged over 16 in employment, with the total female employment rate being 71.4% — the highest ever figure since 1971, when records began.
Many startups are born of a desire to fix a social or environmental issue that the founders believe has been poorly addressed. Many governments, councils and politicians believe the same, enacting policies to hopefully enable these solutions – either through public funding, tax breaks or regulatory requirements (to recycle or meet emissions targets, etc).
The road to developing, catalysing and scaling a sustainable energy business is an eventful, long and can be a frustrating one. I know because I am travelling on that journey right now. For me it started four and half years ago when I purchased a 322 hectare site in Cameroon with a vision to establish it as a production park for biofuels.
For thousands of years, people have been telling stories in a variety of forms. Yet just like the word sustainability, the word storytelling has become a trend or something that’s nice to have. Getting someone to understand what sustainability is about has its challenges - there are a lot of opinions out there on what sustainability is but it’s not always easily articulated. Often the explanation gets a bit technical so it needs to be broken down, making it easy to understand. This is why having a good story about sustainability is essential.
It’s openly recognised that environmental destruction is going to be devastating for 100s of millions of people globally and it's already showing its effects. Awareness of the moral implications of sustainability issues for current and future generations has increased dramatically, owing to the types of campaigning that’s occurred. However the commercial opportunity of this has yet to be realised by business
China’s rapidly growing economy has gathered much interest about the practices and philosophies that support Chinese business. This intrigue is mainly derived from the West. The nature of globalisation for Chinese multinational companies (MNCs) has also significantly affected European economies and societies. In light of this, this piece intends to explore the Chinese concept of guanxi and how this can aid better business relations.
The construction industry is surrounded by negative stereotypes, impacting not only its reputation, but it's dedicated workers. Seeing these unfair perceptions of industry workers damaging livelihoods and reputations, I decided to do something about it. After a period of investing in property, I was inspired to start my own business, Trio, with the aim of tackling common misconceptions in the world of construction.
For its forth edition, President and COO of Elon Musk’s SpaceX, Gwynne Shotwell is set to land at Dublin Tech Summit (DTS) this year. The Summit which is taking place in the RDS, Ballsbridge, Dublin 4 from the 22nd-23rd April 2020 will bring over 10,000 attendees from over 70 countries and 200 high profile speakers to Dublin.
Virtually every startup thinks of itself as innovative, but are they really? Every day I help companies claim cash for innovative activities through the R&D tax credit scheme. Most of these companies are somewhat innovative, however, to be truly innovative is really tough. In this column, I want to explore what innovation means and how you might apply it to your business.
Some questions in life are more fundamental than others and some are more specific or technical, and so it is in the world of early stage businesses. But for the person asking the question, each carries the same weight, and each is of the same importance because at the time of asking it is that point that is not understood.
Taking place on the 11th and 12th March at the Smart IoT show, part of the London Tech Show and co-located with a number of other events, is the Digital Catapult's Future Networks Lab Challenge, which is an opportunity for IoT startups will respond and pitch directly to industry challenges set by leading partners Siemens and Arrow Electronics.
The Paybase team recently launched the Founders’ Workshop - a community of early-stage and established business founders in the platform economy. The latest event focused on the pressing issue of disintermediation and user retention: when users connect on a platform but transact independently outside it.
Working a 9-5 may still be a norm for many, however, it’s been predicted that the number of digital nomads will reach one billion by the year 2035. With this new tribe making waves in the world of work, Instant Offices looks into how they are changing the way Millennials and Generation Z think about their careers and travel.
A self-made entrepreneur, starting his business from his room at University of Leeds while studying Cinema and Photography, Sam Stoffel is now the founder and CEO of matched betting platform, Profit Accumulator – a multi-million pound technology business. We spoke to Stoffel to learn more about his route from student to CEO.
Google for Startups has completed a number of cohorts now based around different areas in the startup world, some of the most recent ones including African and Women, but now the organisation has issued a call to startup founders from across the UK. Its new UK Immersion Cohort brings a 12 week programme designed to bring the best of Google and the London startup ecosystem to tech companies from all over the United Kingdom.
Over the years that I have been working with startups and early-stage businesses I have overheard many different things. The majority of these follow the normal concerns of any entrepreneur that is entering into uncharted waters for themselves but there have also been some comments that I have overheard that have been unique to the individual’s concerns or the setting in which it was said.
Once you have the paperwork in place and guidelines established, it’s time to start bringing staff on board. There are a huge range of different legal factors to consider when recruiting, not least the laws around equality and right to work, so this week, we look at recruitment, workers’ rights and business immigration.
Security Matters, an Australian-listed Israeli tech solutions company with clients in the electronics, minerals, plastics, security, and agriculture industries, has a solution used in security and defence that can help reduce the volume of garments and textiles that are incinerated or landfilled every year.
For the whole of August, I embarked on a smartphone detox. There were a few reasons as to why, but the most prevalent was a worry around burnout. For the past 18 months I’d be working hard setting up and growing Shine Workplace Wellbeing, while also ensuring I was spending ample time with my two young sons.
Few industries have felt the impact of technological disruption more than the banking sector. Over the last few years several new kids on the block have emerged to take their seat at the top table and muscle in on the activities of the high street giants by specialising in areas that are being underserved.
The business industry is constantly changing, so it’s imperative to stay at the top if your game in order to keep profits increasing. With businesses always competing for customers, it can be difficult to break through the noise and become a successful and established brand while continuing to grow.
Five years ago, I made the bold decision to leave the world of corporate business behind and launch my own startup. Make no mistake about it – this was not a decision taken lightly, as I was all too aware of the success rate – or, rather, the high failure rate – of startups during their formative years.
This week was quite typical in that it was an unusual mix of many of the things that I get involved with as a mentor and that I have written about in the past. There was some international, some regulation, some cyber security, lots about women in business, and yet again on advisory boards and raising finance.
For many startups, the process of fund raising can be quite daunting. What method of raising do you use? How long is it going to take? To say nothing of the fact that it’s the time when founders and entrepreneurs have to stick their necks out and ask other people to invest and commit to their vision.
One thing that I have learned over the years is the importance of cooperation and working with the right partners, and this has only been reiterated during my activities as a mentor. By working with others that have skills or experience in areas that you do not, then 2+2 can, quite literally, equal 5.
This week, almost to underline my comments in the first of this series about not knowing what each week will bring, was almost entirely different to last week. Last week was full of face to face meetings and there was no particular thread to my week, other than of course the fact that it revolved very heavily around early stage businesses.
Concerns about AI technology, in general terms, boil down to the quantity and areas in which it’s used to replace human tasks. Establishing the limitations of AI and unique skills innate to humans, provides insight into its future application, and alleviates some of the worry that one day AI will take over the taskforce.
Unbound Festival this year saw an influx of tech for good innovation, propelling the industry towards a bright and influential future. Spearheading the mainstream market today is a boom in self-care apps from mindfulness to sleep assistance, while location-based apps designed to tackle physical inactivity are making scenic walking as easy to find as getting an Uber is to order.
It doesn’t matter whether a business is for enterprise or not for profit - to create a successful business, you need more than just an idea. You need to identify a problem/need to create an attractive market. It’s much easier to start a business if you have a unique product/solution, and a scalable, profitable model.
Why building meaningful values into your brand leads to the culture you want
Creating and sustaining culture can feel a little bit like a chicken and egg situation in a startup. You need to define your culture early on in order to attract the right employees, but culture itself is largely driven by people, so until you have the people in place, how can your culture be expected to flourish?
For founders looking to start a business it is imperative to get the culture right - as getting it wrong can lead to bad investor, customer and employee experience. At Women of Silicon Roundabout 'Founder Focus' workshop track, CEO and co-Founder of London-based foodtech startup Feedr, Riya Grover delivered a thought-provoking workshop titled 'Defining your culture blueprint to hyper-charge growth', and explained why it is so important to get it right from the start.
At the LeadersIn Tech Summit during London Tech Week 2019, a roundtable was held discussing the benefits and drawbacks of partnerships between corporates and startups. At the table, Anna Jones from FieldHouse Associates, Ryan Haynes from Ryan Haynes Marketing, Ben Rudman the CEO of MMT Digital, and Denise Glee from MagnaCarta Communications, lent their personal expertise to the debate.
Peak Labs, the digital health company, started with four co-founders (Gerald Goldstein, Itamar Lesuisse, Sagi Shorrer and Xavier Louis) in 2013 who set out with an aim to be the number one digital health brand using technology to help people’s wellbeing. Fast forward six years later, and you’ll find a 50-member strong team which has raised up to ten million dollars over three rounds of funding to accelerate and grow the company and its two digital products, Peak Brain Training and Rise.
When it comes to marketing a startup, there can often be some misconceptions: Is it too soon to start thinking about? Is the company too small? Some people think marketing isn’t a priority and budget should be spent elsewhere (something that bigger corporations also fall foul of), or that any type of marketing is good.
Another finalist of the Subcon launchpad awards, ES Precision is a provider of laser processing services for marking, engraving and surface/thin material processing. This is the first year the launchpad awards will take place at the Subcon show and six engineering and manufacturing startups have made the final to try and impress and win a lump sum of money plus a stand at Subcon 2020.
In a demanding industry like manufacturing and engineering, admin holding you back is the last thing you need. Elements Technology, a multi-award winning developer of simple digital solutions for manufacturers has come up with a solution for this, and have also been listed as one of the finalists for the Launchpad awards at the upcoming Subcon show.
The next generation of aspiring startups are hoping their technology will change the world. But what about the technology that is changing startups? I’ve spent the last few years working with some of Europe’s biggest startup success stories, helping them put in place the right business platforms to support rapid growth.
Last week’s article focussed on Business Plans; what should be in them and why you should write one. One of the key pieces of information required is of course sales figures, both actual numbers for historic sales and those forecast for the future. It is also very important to include the assumptions and how you market your goods in order to achieve those sales. It is those subjects that I am going to focus on this time.
Over the last five articles I have tried to set the scene in terms of outlining what help is available to early stage businesses, and certain aspects of finance, including a valuable but often overlooked tax refund. In this article and the next I wanted to focus on two fundamental issues that will determine how your business develops and how you grow sales.
South-By-Southwest is an annual assemblage of conferences and festivals that takes place in Austin, Texas in early March to celebrate the convergence of film, music, interactive and other industries. Created to foster both professional and personal growth across multiple levels, the ten-day event prides itself on truly being all things to all people.
In the last two articles in this series I have looked at various aspects of finance and this time I am going to stay with the financial theme but from a very different angle – tax. But tax is a very broad topic and I wanted to focus on one unusual aspect of the UK tax system, and that is R&D (research and development) tax credits, and it is unusual in the fact that this time it is HMRC giving you money rather than taking it.
When you’re travelling around the UK and spending hundreds of pounds on train tickets, you expect a good rail service. You expect trains to arrive on time and no unexplained cancellations. Unfortunately, for many travellers it has become something of a rarity to see the 5.34pm train from London to Birmingham arrive on time… if it even arrives at all!