Following the ongoing discussion that youth unemployment is so high, Richard Evans, a professional careers mentor and Forbes 30 Under 30 Social Entrepreneur 2019 shares his thoughts on why the issues run much deeper than the recent pandemic. Richard has conducted over 600 interviews throughout his career and mentored over 100 students into the UK’s most competitive universities and companies as a careers mentor at The Profs.
The mobile tax assistant, Taxfix strengthens its management level with expertise from Silicon Valley and the banking sector. The two new additions, Bjoern Heckel and Franziska von Arnim, will support the Taxfix leadership team and take strategic growth to new heights in the next phase of Taxfix’s development.
Businesses are often preoccupied with 'innovation'. Far from being merely a buzzword, the concept in fact reflects the necessary and consistent iteration that drives markets forwards and allows those who invest smartly a robust edge over their competitors. The trouble is, truly game-changing innovations are vanishingly rare.
VenueScanner has secured a $1.5m funding round led by Rianta Capital and ACF Investors. Launched to enable individuals, businesses and event organisers to find better and more affordable venues, it is helping undiscovered and independent venues reimagine how they use their space and fill their down-time.
The Modern Milkman, a fast-growing sustainable grocery startup that offers doorstep grocery delivery in return and reuse packaging without single-use plastics, has announced the closing of a funding round led by global venture capital and private equity firm Insight Partners. Existing investors ETF Partners and Serial Investor Simon Murphy also participated in the round.
Tech Nation’s ‘The future UK tech built’ 2021 report, published earlier this year, revealed that the UK currently sits third in the world for venture capital (VC) investment in tech companies, behind only China and the US, with $15bn pledged last year. Great news for the UK’s emerging businesses, right? Well, Simon Philips, CEO of ScaleUp Capital, tells a different story.
Alibaba Group’s Tmall Global has announced the launch of the UK and Ireland edition of ‘Go Global 11.11 Pitch Fest’, a virtual event designed to help international brands grow their businesses globally. Following the success of Pitch Fest 2020 in the US, the programme will be opened up to British and Irish brands looking to find success in China.
Last year, all types of people with different jobs were thrust into a new, unfamiliar place of business, which also happened to be their home. While we have all become used to the diverse types of personalities you find in an office, we have all had to adapt to different styles of and needs for working from home.
The application of artificial intelligence to automate diagnostics is one of the solutions that are already being implemented. DES2021, in collaboration with EIT Health, has brought together experts from companies such as T-Systems Iberia, Novartis and Ferrer to analyse the impact of technology on the health and pharmaceutical sector.
Reactive Reality, the leading augmented reality (AR) company increasing sales and brand loyalty for fashion e-commerce brands by enabling them to offer virtual fitting rooms to their customers, has announced the opening of a new office in Minato-ku, Tokyo along with the appointment of their Japan Country Manager, Keiichi Iwamoto. This move continues the company’s international expansion, adding to offices in Graz, Austria, and Milpitas, California.
The COVID-19 pandemic has forced businesses of all shape and size to adapt, adjust and pivot in response to the ‘new normal’. Whilst larger businesses - who suffer from being less nimble than their startup counterparts - have faced unique difficulties, startups – who lack the cash reserves and structure of larger businesses – have also faced their own challenges. Many startups have had to fundamentally reconsider their business models and how they operate as a result.
Swedish tech startup, Staccs, has launched its brand new, premium streaming on-demand service for filmed music concerts in the Nordics. Opening the doors to a world of iconic and legendary concert moments, Staccs is providing fans the opportunity to relive their favourite gigs, on demand, advert free - and in the highest quality possible. It also opens up new revenue streams for the music industry, whereby legacy video content can be marketed in a new and innovative way - benefiting the content owners. The new home for concerts on demand, Staccs presents a new and unique commercial opportunity for the industry.
Banco Santander (through Santander Universities) and Oxentia Foundation are launching the Santander X Global Challenge | Helping Businesses Prosper for entrepreneurs with innovative, scalable solutions to help SMEs - the main driver of economic growth, job creation and social unity - digitalise and be more efficient.
As businesses develop, so do their ideas and offerings. This often leads to an expansion in a business’ IP portfolio. Due to the public disclosure associated with Intellectual Property (IP) rights, monitoring your competitors’ application filings may provide insight into their future offerings and business direction.
Mobility technology company, WhereIsMyTransport is set to successfully close the second funding round for capital to expand its already impressive portfolio of mobility data and solutions for emerging-market megacities. This will bring the total raised by the company during its Series A funding to $22m.
Black, Asian and mixed background tech entrepreneurs from London and Greater Manchester will join a five-day virtual trade mission starting today (7th to 11th June). The mission will see fifteen companies ‘touch-down’ in North America to meet with corporates and startups to explore new investment and export opportunities and accelerate their expansion plans in the US market.
Kavida.ai, a supply chain resiliency startup, founded in 2020, has secured £300,000 ($425,000) in pre seed capital from strategic investors. The company provides enterprises with decision intelligence tools to prevent and mitigate supply chain disruptions in a range of sectors including apparel, FMCG, food, retail and pharma.
Growing up, many people considered the games I played to be a distraction from the ‘important’ things in life, such as my education and career development. However, as a member of the ‘gamer generation’, I see how much we are overturning this view. Along with many others, I believe games offer a huge amount of business learnings that as startup leaders, we can capitalise upon.
The competition enforcer’s new regulator for Big Tech risks damaging competition and innovation in the UK, argues a report from The Entrepreneurs Network and the International Center for Law and Economics (ICLE). The report argues that by limiting acquisitions, and implementing a series of burdensome regulations around product changes, the regulator will decrease the amount of funding going to startups, and hurt Big Tech firms’ attempts to compete with each other.
We know that when starting out it can be very daunting and you may need a little help when it comes to direction, discipline and planning. That is why we have decided to create another version of the extremely popular Survival Guide. Brought to you by Startups Magazine and Digi-Key Electronics, this second edition of the Survival Guide brings you resources in the ten step entrepreneurial journey.
Majority (83%) of UK cities are interested in acquiring office space, indicating an increased demand in returning to the physical workplace, according to insights from Orega Offices. The findings were based on data obtained from 18 cities across the UK, analysing average keyword monthly search data to reveal ‘the cities where office space is most-in demand’.
Launched in 2017, Huboo is one of the UK’s fastest growing fulfilment providers, working with more than 800 eCommerce retailers worldwide. Renowned for its unique ‘micro hub’ technology, which enables online retailers of all sizes to access a complete end-to-end fulfilment operation within minutes, Huboo has grown dramatically over the past few years - expanding its total UK warehouse space to 11,000sqm, and growing its team to 250 people.
Molex Ventures was founded in 2013 as a strategic organisation designed to accelerate change and transformation through engagement with the innovation ecosystem. It leverages corporate venture capital to invest in startups and incubate organic ideas that have strategic alignment to the future growth opportunities of Molex.
Uptree has not only been designed as a professional careers platform and network to help young people get started in the world of work, find work experience, apprenticeships etc, but also to democratise the entire careers education process. The work Uptree have been doing also won Tamsin Dewhurst the Founder of the Year award at our very own Hustle Awards 2020. We caught up with her to find out more.
The NatWest Accelerator supports and empowers UK entrepreneurs and business owners to scale their businesses to the next level. Through our specialist Accelerator programmes we provide wrap around support and access to expertise, removing barriers and providing more opportunities to help customers grow.
New research from GovGrant, with data commissioned from CBI Economics, has revealed that just 10% of UK SMEs own Intellectual Property (IP) rights. This scenario is further exacerbated by the fact that the UK’s top ten patent applicants are predominantly made up of large firms, but still make up almost a fifth (18%) of IP applications. This suggests large firms dominate SMEs when it comes to applying for patents.
Creative England and the British Business Bank’s Start-Up Loans programme have announced a new partnership, establishing an accessible source of financial and business support for creative entrepreneurs across the UK. The partnership provides vital support for creative businesses - many of whom struggle to access traditional forms of finance - to start, grow and develop their IP.
COVID-19 rocked the world and demanded many changes to the way we went about our daily lives. As a result, this pivotal year has led to a renewed focus on the health of our planet post-pandemic. Many have recognised the positive reaction to the world slowing down on our natural surroundings, and many have taken the opportunities that this huge period of change has offered to drive their ambition to make a difference.
According to the Project Management Institute, project success depends on whether it’s delivered on time and the cost doesn’t exceed its budget. It’s even more important to consider if the delivered IT product works as it was intended, people within the company can use it and it ultimately meets that goal that drove the project initially.
Naturally, large and small businesses have innumerate differences in their motivations and capacity to operate. For instance, SMEs commonly benefit from the flexibility imparted by smaller and more focussed teams, with ownership often aligning with management. Conversely, they may have less financial freedom to invest in diversifying or building the kind of economies of scale enjoyed by more established enterprises.
New regulations for more sustainability in the European Union: on 10 February 2021, the EU adopted a tightened version of the Circular Economy Action Plan. Among other things, this plan deals particularly with the top of the sustainability chain, more specifically with specifications for a more sustainable product design. Bennet Barth, Program Director RESPOND at the BMW Foundation Herbert Quandt, explains what startup founders should look out for if they want to make their products more sustainable.
Virtual events have provided a lifeline for thousands of companies during the pandemic, allowing them to stay connected to their audiences and keep vital sales and marketing efforts going. But at the same time, most organisations have struggled to deliver a positive, consistent audience experience due to connectivity issues, problems with event formats, or difficulties encouraging participation, averting desk-based distractions and preventing Zoom fatigue.
As we now know, this year’s CRL cohort is slightly different with a larger number of startups initially involved, and then after a six-week period, a hackathon and a pitch day, six will be chosen to continue on the accelerator programme. I got the chance to catch up with all 18 startups, to find out a little bit about the founders, the business, their big ideas and some of the challenges they have faced with their products and proof of concepts so far.
Employees are at greater risk than ever of suffering burnout and employers should consider putting in place preventative and curative measures. For startups in particular it is important to look at tackling burnout in a sustainable way, eradicating the factors and issues before they take hold. Debra Clark, Head of Specialist at Towergate Health & Protection explains.
Fully embedding a Corporate Social Responsibility (CSR) strategy within a business is more important now than ever, and this applies to startups just as much as to any blue chip. One may be forgiven for thinking that startups have more urgent priorities: securing investment, gaining customers, hiring talent or simply turning a profit, for instance.
Business festival sTARTUp Day has announced the programme of this year's hybrid event. The festival brings to the stage over a hundred speakers in the course of two festival days and one side event day. On 25th-27th August, the Estonian National Museum in Tartu will become a meeting place for all the startup-minded people, with performers sharing their experiences on four stages, dozens of practical seminars, sTARTUp Pitching Powered by EstBAN, and many side events.
It's been a challenging year for all businesses and the startup community has been particularly impacted by ‘unprecedented times’. Kindred opened in 2018 and we had just celebrated our first birthday when the pandemic struck. As an owner of a space centered around community and connectivity, and one that constitutes as a hospitality business, I’ve ridden both personal and professional waves of uncertainty that we’ve experienced throughout the pandemic.
GEICO, the second-largest auto insurer in the US, is partnering with Tractable to accelerate its auto claim and repair process. Tractable’s proprietary computer vision technology, trained on millions of historical claims, assesses vehicle damage like a human appraiser. Inserting AI into the process, GEICO will be able to accurately review estimates within seconds while also reducing administrative overhead.
ICAS World Ltd (ICAS), a global provider of mental health and employee wellness services has acquired the NHS-commissioned mental health tech startup, Hello Tomo. The acquisition is the first major milestone for ICAS as it rolls out its new global digital health strategy, tapping into the $121bn mental wellness market and expanding its support for the 790 million people around the world currently affected by a mental health condition.
Richard McCall, CEO of Armalytix, believes that despite the post COVID-19 road to recovery, Britain’s army of small businesses face an extremely uncertain six months as the implications of tax deferrals, loans and uncertain growth combine. Richard argues access to up-to-date financial information, made easier by Open Banking will help these businesses maximise the potential upside of the recovery.
Starting and growing a business also means getting a team of people together to grow and work with you and support you. But that’s not always easy. Sometimes it takes a few tries to get that perfect match (new business idea: a LinkedIn and Tinder hybrid!) and you have to make tough decisions on who you want on your team.
Many things in businesses are reliant upon achieving the right balance. Sometimes this balance can be easy to achieve and other times it can be much more difficult to obtain. Sometimes it is a statutory requirement and other times it is more of a yin and yang thing that improves the business in many different ways. But all are important.
Recruitment remains a significant challenge for scaling a business. Like any other business skill, recruitment takes understanding and experience to get right, but the hiring process can be lengthy - anything from about 19 hours for design/creative roles to 30 for IT posts. Get it wrong and it all adds up to a colossal waste of time.
UK-based business, Cook My Grub, has exceeded its initial fundraising target by 150%, raising over £750,000 in just four weeks after receiving major investor interest. The challenger brand, which was conceived and launched within only seven months, is expected to shake up the food industry with a revolutionary platform that provides hungry local diners with access to home-cooked food that isn’t available on the high street.
Buying British has been a trend that seems to go in and out of vogue every 10-15 years. The label 'British Made' was once a mark of quality and respected the world over. Items made from British steel were the pinnacle of reliability while, until the BSE crisis, British meat was regarded as the highest quality.
A new ‘coinless, not cashless’ solution by British startup Shrap has just started real life trials - with the first in Rochford in Essex as part of Community Access to Cash Pilots and will run until the end of September. Shrap will enable businesses such as pubs, cafés, restaurants and shops to continue to accept cash but without the hassle and expense of coins. The trial is backed by major banks, consumer groups and business organisations.
To raise awareness of the importance of pollinators, the threats they face and their contribution to sustainable development, the UN-designated 20 May as World Bee Day. In Cork, an Irish Agtech startup, ApisProtect is working on revolutionising beekeeping by working with beekeepers around the world to develop innovative technology to remotely monitor honey bees.
Algbra, a sustainable and values-focused digital finance provider dedicated to bringing an end to community and ethnicity based financial inequality has launched. Founded by Chief Executive Zeiad Idris and Chief Operating Officer Fizel Nejabat, the firm’s mission is to educate, engage and empower overlooked minority communities and facilitate their ability to take control of their finances. Algbra has raised £3.75m in fundraising and is backed by SFC Capital, British Business Investments and New World Group.
Diversity VC, Crowdcube and Frontline Ventures has announced the launch of the ‘Diversity VC: Parental Leave Guide’ as part of a collective of 25 top VC and tech firms. The guide, a first of its kind for the VC industry, aims to set the standard for parental leave policies and offers step-by-step advice on how VCs can create them. The guide is focused on the UK, and we hope the principals will be useful for other countries.
The insurance industry is ripe for disruption. For consumers, shopping for fair insurance coverage is complicated, and plans are often expensive. For insurers, measuring risk in potential customers isn’t always straightforward, and determining fault or the extent of damage in an incident is often challenging.
Banco Santander (through Santander Universities) and Oxentia Foundation are launching the Santander X Global Challenge | Helping Businesses Prosper for entrepreneurs with innovative, scalable solutions to help SMEs - the main driver of economic growth, job creation and social unity - digitalise and be more efficient.
The pandemic has forced businesses, CEOs, and humans in general, to reconsider what is important to them, how they want to spend their time, and what they want to do in the future. In fact, my firm’s 2021 CEO Purpose Report, conducted amidst the COVID-19 pandemic shows that 79% of CEOs surveyed said the pandemic has had an impact on the way they run their business.
Creating a great startup marketing strategy doesn’t have to be stressful. You can use solid frameworks and marketing principles to start successfully. It just helps to hear those recommendations from someone that’s had the experience before you stumble through trying to discover the best approach yourself. The ideas in this article will help you get started.
The hospitality industry is a dynamic environment in a constant state of movement and evolution. Thanks to technology, the industry has changed at an unprecedented rate in recent years. With hotels open and working full time in the ongoing pandemic, technology is more important than ever and will play a key role in recreation.
Businesses are sleepwalking towards a costly talent exodus, with four in ten employees (38%) looking to change roles in either the next 6 or 12 months or once the economy has strengthened - rising to 55% for 18-34 year olds. That’s according to new research from Personio, the all-in-one HR software solution, which is calling on businesses to prioritise their people as we emerge from the pandemic, or risk paying the price.
electronRx is a deep tech startup, based in Cambridge, UK. The company’s story began in 2017 when Founder, Dr Bipin Patel set out to transform how we deliver healthcare and treat disease. The company is built from a team of interdisciplinary scientists and engineers who have all been brought together to develop novel technologies to sense the physiological environment and inform personalised therapeutic interventions.
As major economies reopen across the globe and consumer confidence rises, Sage has unveiled the true levels of resilience and optimism amongst SMEs across the UK, US and France. Sage’s recent sentiment survey shows that SMEs - the economic backbone of many countries - have reached a turning point and confidence has largely returned.
Running a zero-waste business always starts with passion. Passion for the products, passion for ‘being better’ and passion for the planet. In order to ensure that you’re going to have the biggest impact, you need to consider all elements of your business from manufacturing and supply chain to the packaging that you use.
One presumption about tech-for-good startups is that they generate less profit than traditional tech companies. This is a myth - they need to take care to prevent the nobility of the cause from getting in the way of their financial ambition, but there is no fundamental conflict between good business and business for good.
Absence management platform, e-days, has launched its Absence Risk Profiling Report informed by its work with 5,000+ businesses over the last 10 years. The comprehensive report summarises a decade of anonymised data collected on businesses that are looking to improve absence and compresses years of conversations, analysis, and market statistics into one report.
Innovation, by its very nature, involves change and disruption. This is undisputed, but many businesses can, naturally, have some reservations about disrupting themselves too much. After all, change can often seem like a scary thing. But businesses have now been forced to change by something well beyond their control. The aptitude to risk has changed and ‘pandemic’ will be referenced in the PESTLE analysis of every university student's dissertation for years to come.
Israeli startup, EVR Motors has unveiled an innovative electric motor, based on a new patented topology, which it calls TSRF (Trapezoidal Stator Radial Flux). The company has successfully developed and tested the first prototypes of its lightweight and compact TSRF motor. EVR expects its new motor architecture will be adapted to a wide range of vehicles in cooperation with automotive OEMs and Tier 1s. A production-ready motor is scheduled to be introduced to the global market later this year.
Today’s consumers are an evolved, diverse and versatile breed with ever-changing expectations. They make educated choices, are equipped with relevant information, and continuously challenge the enterprises they interact with. That said, enterprises that go the extra mile to understand their customers and their customers’ needs have an added advantage.
These days, finding information is easy since you can always choose to access all of the world’s knowledge from the comfort of your office or house. But getting all that information alone is not sufficient for you to build a profitable venture, discover new investors, and develop an outstanding product.
When my business partner, Jack, and I started UnderPinned in August 2018, we had countless images of what running a startup would look like. Time has shown that many of them were poorly conceived. Some, downright fanciful. It’s only been two and half years, but it feels like aeons ago now, and I’ve often thought back to that time, wondering what I would tell myself if I could hop into a time-machine and talk to a younger, bright-eyed and bushy-tailed Albert.
“Cautious optimism is hugely important,” the CIO of a large coffee shop chain told us at the end of 2020. The sentiment of caution is familiar: the lockdown life we have all come to know is characterised by endless cancelled plans, delayed returns to the office and an underlying sense of uncertainty. Any optimism that we entertain must be held up with the slightest suspicion that our well-laid plans may indeed fall apart.
Regardless of size, recruitment is often one of the most difficult areas for businesses to handle. Finding that vital talent via recruitment agencies requires an upfront investment that many businesses simply don’t have. The alternative, the DIY approach, is deeply time-consuming, taking anything from 12-40 hours from application to hire and it’s very easy to get wrong if you lack the experience.
On February 5, 2021, a hacker initiated a cyberattack on a small water plant in Florida. If successful, the attack would have caused multiple health complications for the 15,000 residents that the plant provides water for. This is just an example of the disastrous consequences of cyberattacks on smaller companies. But how to avoid them?
A series of backers, including former c-suite executives from Barclays, American Express, Expedia and Hertz have invested in family travel tech startup tripAbrood, to further develop its revolutionary AI-powered family booking experience. tripAbrood has raised £645,000 seed funds in its second round of funding, bringing total funding to just shy of the £1m mark. It comes seven months after its September 2020 beta-launch.
One of the few silver linings to come from the pandemic has been the rapid adoption of innovation in healthcare. The race to develop vaccines in less than one year is a prime example - taking anywhere between 10 and 15 years in normal circumstances. Other technologies such as telemedicine for virtual appointments, and Virtual Reality (VR) or Augmented Reality (AR) that provides lifelike remote training for medical staff, have broken through with great pace.
There are a lot of things that we take for granted. Something as simple as reading the label on the ingredients for dinner is quick and easy; but not for everyone. For all the wonderful things making our lives easier, there is still a lack of tech out there which effectively assists blind people in everyday tasks, such as reading text. Billy Wood, Founder of Owlett, has set out to change this.
Sprout.ai, the insurtech that enables insurance claims to be settled within just 24 hours, has announced that it has raised £8m/$11m in Series A funding. The round was led by one of Europe’s largest and most active early-stage investors, Octopus Ventures, and was joined by existing investors, Amadeus Capital Partners, Playfair Capital and Techstars.
A little over a one year ago, CES just made it under the wire. One of the last of the major trade shows to 'go live' prior to the onset of the Coronavirus Pandemic, the mammoth showcase for emergent technology attracted its normal lineup of 1,200 startups, 4,400 total exhibitors and 170,000 attendees while delivering more than a hundred panels, seminars and presentations.
Thanks to the new advancement, hoteliers will be able to manage multiple properties all in one place. Built by Bidroom’s in-house team of technical experts, the new web application offers a simpler solution for managing bookings and room rates, and an intuitive content management platform designed to easily update hotel information, images and offers.
Diginex Solutions, the disruptive impact technology company helping to solve the world’s most pressing challenges, has launched DiginexESG to help companies of all sizes and reporting experience make their ESG reporting faster, easier and more affordable. The platform also enables large organisations to collect ESG data in their B2B client network, allowing them to make more educated decisions around risk, lending, and value.
Miso Robotics, the startup transforming the foodservice industry with intelligent automation, announced the release of its standalone software as a service (SaaS) offering, CookRight. Packed with expanded cooking capabilities and accessible through an affordable subscription model, CookRight is the world’s first artificial intelligence (AI) powered cooking platform able to automatically identify and track products and tasks.
The Mathys & Squire Scaleup Quarter team hosted a virtual pitch event on Monday 26th April 2021 to celebrate World IP Day. The theme for 2021 was ‘IP and SMEs: Taking your ideas to market’. With SMEs making up over 99% of all UK businesses and contributing around half of all business turnover in the UK, the importance of supporting such businesses in their growth and development is clear for driving economic recovery and human progress.
LOT Network, an international community of high-tech companies committed to protecting its members from costly litigation from patent assertion entities (PAEs, also known as 'patent trolls'), welcomes space tech startup company, Orbital Exploration Technologies (OrbitX), to its membership of more than 1,400 members. OrbitX is the first commercial space venture in the Philippines.
Systems and procedures are crucial to the running of every successful business. Some company structures are inevitably simpler than others, and the complexity of the business does of course dictate the type of systems and procedures required, as well as the level of need. But whatever the size and complexity of the business, procedures are always needed.
All products go through the different lifecycle stages of introduction, growth, maturity, and decline. As such, companies need to learn about the lifecycle stage to set performance goals, such as sales and profit growth targets, and make resource allocation decisions, such as strategic and human resource planning. A product lifecycle can last for several days or even continue for years.
This week Alphabet Inc, parent company to Google, saw record profit earnings during its first quarter, with its net profit jumping by 162% in three months. This success has been unsurprisingly attributed to the pandemic, with more people at home using online services to stay informed, connected, and entertained, as we continue to work remotely under lockdown.
With research showing that up to 96% of customers would consider switching from a business after a single bad service experience, there can be no doubt that service is a key differentiator for today’s customers. Contact centres have always been challenged by employee productivity and surges in demand, but never more so than now as remote working has brought new and more complex management issues.
Agility and resilience are qualities we’ve all had to show in the face of unprecedented challenges since March 2020. It has been hard for all of us personally, and it has also been challenging for many professionally, with industries created and destroyed overnight; wild variations in customer demand; and general economic instability. In response, many businesses have had to pivot fast to survive and, in some cases, thrive.
The 'NINJA Accelerator in Kenya' - powered by the Japan International Cooperation Agency (JICA), in partnership with Double Feather Partners (DFP), Deloitte Tohmatsu Venture Support (DTVS), Deloitte Tohmatsu Financial Advisory (DTFA) and GrowthAfrica - kicked off this week with a virtual event hosted in Nairobi, highlighting five high potential Kenyan ventures, a tailored but intensive programme, as well as a chance to take part in an international experience from Nairobi to Tokyo, and now Silicon Valley.
London-based AI scaleup, Vivacity Labs has been honoured with a Queen’s Award for Enterprise. The Vivacity Labs team was awarded the Innovation Award for its technology that supports government, regional bodies and local councils to re-think and optimise the way traffic and transport infrastructure is built and used.
Suss Ventures has backed five investment deals with a combined value of £570,000 in under half a year. The new investor matching service is funded by Sussex Innovation, the business incubator owned by the University of Sussex. Since it’s foundations in 2019, Suss Ventures has welcomed over 100 investors and fundraisers into its growing community and has hosted quarterly events welcoming over 300 attendees, comprising investors and founders.
Intrapreneurs are known as ‘the dreamers that do’. One thing’s for sure: they do a lot more than just brainstorm ideas. From boosting revenue and driving growth, changing company culture, and improving retention and recruitment, intrapreneurship has the ability to enhance a business from top to bottom. And for startups transitioning from bootstrapping into a more established identity with an increasing number of employees, it’s critical to nurture an intrapreneurial outlook.
As per a survey performed by a magazine, 70% of our youth wish to settle in different countries, primarily the US and UK. Working in a foreign land is their idea of 'success'. Now emigration isn't as much of a problem as long as employers manage to keep the spirits of the international employees high, thereby, leading to their long-term engagement with the company.
Funding Options, the marketplace for business finance, has launched Funding Cloud, a technology and data-driven platform that will bring unparalleled scale and speed to the SME finance sector. Lenders including Just Cash Flow, iwoca, YouLend, Optimum Finance and FIBR have already integrated with Funding Cloud to benefit from its innovative technology and as a highly efficient channel for customer acquisition. By Q4 this year, the company expects to have more than 30 lenders fully integrated.
At White Camino we’re huge fans of challenger brand thinking, whatever market you’re in and even if you’re number one, keep behaving like a challenger. Leading with your ideas and having a distinctive voice are vital. After far too many years of working in the entertainment industry telling stories about erm... stories, has given us plenty of experience of dreaming up pipelines of great ideas. To get things started we spoke to a few of our compadres to gather some of their pearls.
From better work-life balance and wellbeing to zero commute time, working from home is said to have more than a few perks. According to a recent study by Instant Offices, Britons who have been working from home have accumulated 1.2 billion extra hours which means a mammoth figure of £21.9 billion worth of unpaid overtime is lost.
Conducted by Frank Recruitment Group's specialist Salesforce recruitment arm, Mason Frank International, the survey asked over 1,800 IT professionals from around the world for their opinions on the tech jobs market, salaries, and benefits. The findings showed that 54% of respondents who would consider relocating to the UK for work would be open to pursuing opportunities beyond the capital. Among the cities mentioned by respondents as potential relocation options include Newcastle, Liverpool, and Leeds.
To mark Earth Day 2021, creative workspace and accelerator, Huckletree has announced a second wave of speakers for its upcoming Earthrise Summit, a virtual festival to unite sustainability leaders, founders, politicians, change makers and innovators from all corners of the world - to inspire people to take action.
London-based digital agency, WeAgile has rolled out a company-wide policy which supports anyone that has suffered a miscarriage by offering paid leave. Following the recent announcement where New Zealand’s parliament had unanimously approved legislation that would give couples who suffer a miscarriage or stillbirth paid leave, WeAgile implemented the same thing for their staff.
Payhawk, the platform for payments and expense management, has raised $20m. The Series A round is led by the US-based fund QED Investors, which has a strong track record of investing in 18 fintech unicorns, including Klarna and Nubank. Existing investor Earlybird Digital East, who led the $3.6m seed round in March 2020, is also contributing fresh capital.
If you own an up-and-coming startup, you need to find reliable, skilled workers - and freelancers usually fit the bill, especially because they come with flexible payment schedules. These employees can help your business navigate the initial stages to achieve success. That said, you should note that freelance workforces can be tough to manage.
Research from Ezra has revealed that a fifth of UK workers feel they get less recognition within their career as a direct result of working remotely. It remains to be seen to what extent we will return to a full working environment, as COVID-19 restrictions see many continue to work from home for part of, if not their whole working week.
Networking. Some people love it, some people hate it. But everyone knows it’s essential if you’re setting up a new business. Or is it? Tell anyone that you’re setting up a business without any industry contacts, and they’ll raise their eyebrows at you. Wouldn’t it be better to get to know the industry first, they’ll ask? Shouldn’t you build up your network before diving in?
Oil major, BP recently announced that 25,000 members of staff must Work From Home (WFH) two days per week post pandemic. As more firms transition to long-term remote working, evaluating and improving home office set ups will be critical to success. Here Kristian Torode, Director and Co-founder of business unified communications provider, Crystaline, looks at what companies should provide for their workers.
Suss Ventures have contributed a six-figure sum alongside a multi-million investment drive. This raise marks a huge success for Suss Ventures who are synonymous with sourcing sustainable businesses for their community of impact-driven investors and corporate partners. The zero-effort payment system eliminates the worry of parking fines and is completely cashless, automated and secure.
When you are building a plane in the sky - startup speak for tricky innovation in a tough environment - things slip. In the case of fast-growing businesses, important people priorities and processes fall down the agenda. Diversity and inclusion is one of them. It can be deprioritised by default, in a race to stay afloat, pay your teams and spend time on what will get you where you need to go, quickly.
Founded by childhood friends, Lucy Cohen and Sophie Hughes, Mazuma is a UK-based provider of online accounting services for small and micro businesses. As qualified accountants, the pair spotted a gap in the market in 2006 for low cost and stress-free accountancy which specifically serviced SMEs and the self-employed. Fast forward to today and the company is celebrating its 15th anniversary.
As we enter the ‘roadmap’ to recovery from the COVID-19 pandemic, businesses are reassessing their people operations. Some have adopted a ‘hybrid’ working model, allowing employees to split their time between working from home and from the office, and others have even given up their office spaces entirely.
Virtual reality is no longer a novelty, but VR events are an innovation in the event industry and marketing. A virtual event is a potent tool for promoting your brand or for organising conferences and concerts. This is an entirely new project that allows you to hold an event while staying at home, despite emergencies, such as the 2020 quarantine or other events.
When a startup embarks on the entrepreneurial journey it can be very daunting, and you may need some help and guidance along the way. Here at Startups Magazine we have created our second Survival Guide issue, sponsored by Digi-Key, which will give you in depth advice and information from some of the industry's leading experts.
Vistage, business performance and leadership advancement organisation for small and medium-size businesses, has found that over 3 in 4 (74%) of SME leaders expect economic conditions to improve in the next year. The report has also found that a majority (84%) of companies anticipate revenue will continue to improve in the same period of time.
GENIE, an automated talent agent for the creative industry, has announced the closing of its second funding round, led by female led corporate advisor, Adelpha, taking their total funding to-date to £1.75m. GENIE also announced advertising industry legend, Sir John Hegarty as Chairman, as the team look to disrupt the ways companies hire talent in the post-COVID world.
With COVID-19 restrictions constantly changing and evolving worldwide, many employees taking business trips to other countries, or already working abroad, have found that they are suddenly either banned from returning to their home country or not allowed to leave the country they have visited. Employers must ensure they are able to support employees who are stranded away from home.
It’s now been over a year since the first COVID-19 lockdowns hit, sending myriad companies hurtling into the unfamiliar world of remote working — and that time has proven very informative. On the whole, people have discovered that working at a distance isn’t the drain on productivity that many skeptics had claimed for so long, and the lack of time or money spent on commuting has left plenty of professionals determined to keep working from home in the future.
On Tuesday, 6th of April, the new European rural innovation initiative REinA (Rural European Innovation Area) was launched. An initiative created with the aim of reducing the gap between the two sides of Europe and Spain, a growing and thriving urban side opposite to the empty, rural and deprived of a true future.
Living in a digital world, where everything could grow or destroy your business, marketing is a very important strategy to use. Now when the internet has reached almost the highest point, it is a very good thing to use it to work with you, not against you. Any industry that uses technology and relies on it, has major changes each year because the technology is advancing each year.
Over the past year, remote working has proven to be less of a hindrance and more of a benefit to a lot of UK businesses. As a result, business decision makers are more flexible when considering candidates for employment, with new research revealing that nearly three quarters (73%) are open to hiring people from anywhere in the UK, rather than just those local to their business.
2020 acted as a catalyst for trends we have seen in our economy for some time, from the rapid digital transformation across every aspect of our lives, to the dramatic rise in demand for e-commerce. Now more than ever, customers are expecting the 'next day delivery' option to be the norm, and it’s vital that all business leaders, regardless of the size of their operations, recognise the impact this can have on their business.
As the pubs re-open today - hooray - outside only course, we thought we wold highlight some of our beer related startups to celebrate! Did you know, after water and tea, beer is the most consumed liquid by human? In the UK alone, there are more than 2,100 breweries and 120,000 alcohol-serving retail locations, which results in over nine million kegs in existence.
Prsnt have raised £180,000 through Suss Ventures, the bespoke investor matching service at Sussex Innovation. The tech startup aims to dominate the gifting marketplace, by creating a peer-to-peer gift exchange platform to leverage the ‘feel good' factor of giving and receiving gifts. The investment will be used to streamline the app after its successful beta testing, and to grow its user base as part of ongoing business and technological development.
There once was a time when setting up a business without a website would have been unthinkable, however in the age of social media, websites seem to have been prioritised and replaced by social media accounts, and this is particularly relevant in the hair and beauty industry, which is dominated by mobile stylists, freelancers and small independent salon chains.
Attic Self Storage has announced the launch of its eCommerce Accelerator Program, to celebrate the official opening this week of its brand new facility in Harrow, London. Attic also has several other sites across London, so will be championing budding entrepreneurs in the capital by offering them free units, workspaces and funding to help them scale their enterprises.
Technology today plays a major part in our daily routines, as well as our working lives. It has had a huge impact on the workplace and will only continue to do so at an incredible rate, due to the technological advancements of our time. What’s more, the events of the last 12 months have massively reshaped work culture across the globe. In particular, the need for technologies that can be used to virtually replicate an office environment, will continue to grow in importance as we move into 2021.
The world is not going digital anymore, it is already there. Many industries have now embraced technology in almost all their operations, and the Financial industry is no different. Bitcoin, Robinhood, Monzo, Fintech are just examples of how technology has enhanced services in the Financial industry.
Empathy, a platform helping families navigate the journey they face after losing a loved one, has announced the launch of its application on iOS and Android for users across the United States. Empathy’s technology-enabled platform is designed to guide families experiencing loss with purpose and compassion. Empathy is backed by $13m in a seed round co-led by General Catalyst and Aleph.
The twin forces of Brexit and the coronavirus pandemic have wreaked havoc on business confidence in the UK. It therefore comes as little surprise that almost two thirds (64%) reported the combination of the two made 2020 the hardest year they have faced, according to a recent survey of commissioned by One World Express.
Medical innovation has become a significant focus for venture capital investment in the last ten years. A growing, ageing population combined with the opportunity to develop global solutions is driving a spike in investment innovation that helps people better manage wellbeing or enables them to get well sooner.
The fifth edition of Digital Enterprise Show confirms its celebration in person at IFEMA, bringing together the entire technological ecosystem. DES2021 will guide Spanish companies to take advantage of NextGeneration EU European recovery funds and find the technological partner to drive the transformation of their business model.
New data released today by Innovate UK, points to a dramatic increase in the number of young people setting up their own businesses in the last decade – with the number nearly doubling (98% increase) from 2009 to 2020. What’s more, despite the pandemic - and in some cases inspired by the impact of COVID-19 and the subsequent lockdowns - numbers continued to jump in 2020, with a 15% increase in the number of young people starting their own businesses from 2019.
Have you noticed that there has been a dramatic shift in people's priorities over the last 12 months? But as things begin to ease out of the third lockdown and into a 'new normal', how are we going to maintain habits and rebuild our businesses so they are fit for the unknown future? Here Sara Osterholzer, co-founder of The Good Business Club, shares some insights on the small business movement to Build Back Better and how to get involved.
Small businesses have been some of the worst affected by the COVID-19 pandemic, lacking the resources needed to recover in the same manner as bigger companies. The new Help to Grow scheme announced by the UK Government plans to help small and medium enterprises (SMEs) develop their digital competencies and boost their profits, while helping the nation expand its technological infrastructure. Here Neil Bellinger, head of EMEA at automation parts supplier EU Automation, explains what the new initiative means for the manufacturing sector.
Until the early 2000s, banks held almost a monopoly in credit. Around that time, enabled by the emergence of the internet a new type of digital lending started to emerge and with it a new way to invest in private debt: peer-to-peer (P2P) lending. This innovation allowed retail investors to put their money in small loans so that consumers could achieve their financial goals. We spoke to Kimmo Rytkönen, CEO and Founder of Income Marketplace about the rewards of P2P investing.
At first glance, you may be wondering what a vendor list is and how it could ever be a profitable business. Well, we are in the year 2021, in the middle of a global pandemic and women everywhere are stepping out of their comfort zone and making big things happen from their brilliant ideas and imaginations.
Property managers are tasked with tracking multiple assets and actions over several properties through all stages of development - from planning to building and maintaining. These days, the role of the property manager is becoming increasingly streamlined and data-driven through the adoption of smart technology.
COVID has caused disruption in the business and education sector like nothing before. With the unpredictability of exam cancellations, the jobs market simultaneously seizing up and becoming flooded with job-seekers, and with some sectors unrecognisable to what they were this time last year, many young people are considering the option of ‘going it alone’ when it comes to taking their first steps in to the workplace.
Oxford Medical Products (OMP) has raised £1.2m in seed investment to develop a safe and affordable weight loss capsule, which uses the same mechanism of action as a gastric balloon, but can be taken at home. The funding will be used to complete pre-clinical testing, upscale and outsource manufacturing and grow the team.
For all businesses, especially startups, to prosper systematically, sharing feedback effectively is essential. When functional feedback sharing is made a part of the company culture, it turns out to be beneficial for everyone. Even the most talented and passionate employees need a sense of direction from their superiors.
Creative technology studio, Appetite Creative Solutions, has released results from its first ever B2B Marketing Survey. With 82% of respondents viewing B2B marketing as a vital driving force for new business. Despite COVID-19, uncertainty over two thirds (65%) of marketers are looking to increase their digital marketing spend in 2021.
Creative workspace and accelerator, Huckletree has announced international law firm, CMS to join as their first sustainability programme partner alongside Silicon Valley Bank, and A/O Proptech - Europe’s largest proptech VC firm. All three will provide support and services to Huckletree’s educational programmes, members and events.
The next Mayor of London’s TechInvest, taking place 27th April, will celebrate 10 of London’s pioneering HealthTech startups. This upcoming TechInvest instalment will seek to identify industry leaders that are converging technologies with medicine and healthcare to improve the efficiency and delivery of prediction, prevention, diagnosis, treatment and care.
We have a sense that more companies are starting this year investing energy in considering their brand purpose, their brand’s reason for being, beyond making money. It is incredibly rare, in fact I couldn’t tell you the last time, someone came to us to launch a business they created solely as a money-making endeavour. Startups are born out of a desire to fix a problem and make a change. That is their brand purpose.
Like Minded Females (LMF) Network joined efforts with online business school Jolt and technology venture firm, Balderton Capital to grant five Future Leaders scholarships to rising female tech talent from LMF’s community. The full bursaries will allow them to attend Jolt's Switch course, a programme designed to create pathways for those who want to begin a career in tech.
The ranks of the self-employed have swelled over the past two decades, rising from 3.4 million (12.9% of the workforce) in 1998 to 4.8 million (15.1%) in 2017. Yet over the same period, the proportion of self-employed workers paying into a private pension has fallen from 48% to just 16%, according to the Institute for Fiscal Studies.
LawtechUK, the government-backed initiative within Tech Nation, to help transform the UK legal sector through technology, today brings to a close the Pilot stage of the first Lawtech Sandbox - a research and development initiative for lawtech scaleups - following a successful three month trial period.
Businesses reeling from the effects of the pandemic feel like they have been given an ultimatum: transform or die. And while we have seen unfortunate consequences for the companies that were unable to adapt fast enough, it is important to remember that more often than not, digital innovation isn’t all or nothing.
Recent research has revealed how companies are facing the omnipresent ‘innovate or perish’ mantra that has professionals across industries scrambling for the next best thing. Training professionals have identified Learning and Development Training (L&D) as a key strategy to build a culture of innovation and carry your organisation into the future.
Are you thinking of starting a business in 2021? If yes, you need to think of businesses that can thrive in the post-COVID-19 economy. The pandemic has changed consumer behaviour across the world, rendering many traditional businesses obsolete. For example, consumers now want to buy from businesses that meet them at their homes; that deliver products to their doorsteps.
Corporate culture embodies of all the written and unwritten rules, values and attitudes that characterise an organisation. It offers an insight into how business decisions are reached, and how they will be implemented. By extension, then, internal culture is the also the foundation upon which all successful innovation must be built.
A year since it was awarded CBILS lender status, responsible lender, AskIf, can now reveal it has approved close to £4m to deserving SMEs and micro businesses, playing an essential role in the national push to help businesses survive and thrive. AskIf has delivered on its mission to be an inclusive lender with 17% of CBILS loans distributed to BAME-owned businesses, and 22% to female-led businesses.
New research by money.co.uk has crowned Google as the most successful company to be started at university. The search engine sits at the top of the university startup league table with a current market capitalisation of $1.27 trillion (£926 billion). This is 12.7 million times greater than the $100,000 initial funding the company received in 1998.
Launching one year after the first lockdown, creative workspace and accelerator, Huckletree has launched a new campaign with Otherway to address the year that’s been, celebrating the founders persevering and innovating despite the pandemic, whilst inspiring the companies of the future to be brave in the face of adversity.
UK startup, LGN has secured $2m in funding to help businesses outpace their competition by building better and more resilient AI models, faster and at scale. With backing from the likes of Trucks Venture Capital, Luminous Ventures and Jaguar Land Rover, LGN supports enterprises to scale out their use of edge AI and accelerate learning in the real world, rather than in labs and test environments. The company will use the investment to continue its mission of getting AI into the real world.
As the world strives to decarbonise the way we live, travel, and work, there is an urgent need to rapidly increase the generation and use of electricity from renewable power. Today we can successfully capture energy from the sun, wind and even tides, but we have not yet succeeded commercially in harnessing one of the largest green energy sources on earth – our ocean waves.
For any startup, time to market, knowledge, confidence, and expertise are all vital to the success of the entrepreneurial journey. With extensive experience in all these key elements, we speak to John Bowman, Marketing Director, and David Pearson, Technical Director at Anglia, the UK-based authorised distributor of semiconductors, optoelectronics, interconnect, passive and electromechanical components, about what the company can offer to new businesses.
Ihqlak Hussain’s new book, SUCCEED!: An Inspirational Toolkit for the Serious Entrepreneur, dives into the author’s own personal experience, coming from a tough background, working hard and successfully achieving his goals. This book offers easy to understand and must-read advice for budding entrepreneurs designed to highlight how to plan, develop and execute a new business venture.
Plymouth Startup Weekend is back this spring with a big question for business brains and creative thinkers everywhere: How can our cities rejuvenate culture and tourism post-pandemic? For Britain’s Ocean City, which was picked as one of the top ten places to travel in 2020 by Condé Nast Traveller magazine, this is an even bigger question.
In recent years, the trend toward self-quantification has shaped a market rich with tech to track everything from sleep and fitness to food and screen-time. Monitoring and logging personal data to help improve health and well-being has put control into the hands of the people like you and me, giving us the power to work towards our personal goals.
Rishi Sunak has predicted a rise in hybrid or flexible working in local hubs once the pandemic is over. Speaking on the Politico Westminster Insider podcast this month, he cited the rise of 'neighbourhood' serviced offices springing up across New York, and thinks these small local hubs for people who want to avoid the commute but don't want to work at home is something that should be picked up in the UK.
Unplanned machine breakdowns cost time and money. Elara Digital now offers the right solutions for reduced down-times and increased machine availability. Relevant information such as work orders, checklists, machine documentation or guides for trouble shooting can be created in an easy and intuitive way and can be accessed at any time: a knowledge data base for maintenance teams.
Forget remote working, it’s all about asynchronous working thanks to an increase in global teams becoming the norm and changing the traditional workplace. Departing from the classic in-office, same-country model, global teams are creating a robust new workforce, global teams create asynchronous working styles that go against conventional practices.
Brands can and should take a stance on social and political matters, according to new research by Kubi Kalloo and its partner Alligator Digital. A survey of 600 people in both the US and UK has uncovered that 59% of consumers believe taking a stance matters. Of this percentage, two-thirds take the issue seriously and are likely to buy from or boycott a brand based on their social media posts about an issue.
As the vaccine continues to be rolled out across the UK, business confidence is at its highest point since the beginning of the pandemic. Here, businesses continue to be overwhelmingly supportive of the Government’s approach to help companies through COVID-19, with nearly four fifths either somewhat or very supportive of their initiatives.
Xero has announced it has signed BDO as a Xero Global Partner, as part of a new three year global agreement. Xero will become BDO’s preferred accounting solution for its Business, Services and Outsourcing clients in the small to medium business space - significantly growing the number of BDO clients on Xero over the next three years.
incspaces, a space-as-a-service operator with locations across London, Leeds, and Manchester, is urging workers to consider supporting their vital local economies as they begin to return to the office later this year. Under the Government’s roadmap to recovery, office workers are expected to begin a phased return to the workplace from 12th April as an increasing number of businesses are given the green light to reopen. The team behind the growing flex space initiative is keen to use this as an opportunity to support small firms.
We are currently living in two versions of Europe, on one hand, there is a thriving urban one, with big cities such as Madrid, Berlin, Brussels, Paris, Milan, etc., and on the other hand there is rural Europe, depopulated and lacking in possibilities, in a continuous decline and without horizon or prosperous future.
When the knock-on effects of the coronavirus pandemic and subsequent UK lockdowns are discussed, much of the focus is on the negative impact on the economy, our physical health, and our mental health. But, while the damaging effects are unlike anything we’ve ever witnessed, it’s not all doom and gloom.
Sure Valley Ventures, the venture capital firm that invests in early stage software companies, has announced that it has led a Seed investment round of £1m for Polience Limited (“PreCog”), a security solution platform company that is able to provide data intelligence to combat crime, terrorism and protect vulnerable people.
Tech Nation has announced the release of its annual Tech Nation Report, the ultimate state-of-the-nation report on the UK tech sector. In its seventh year, the report lifts the lid on tech in an extraordinary 2020, revealing how the sector has changed, who the top performers were through the year, and the challenges and opportunities the UK faces as it navigates out of the pandemic and leaving the EU.
Global online sales grew 27.6% in 2020 to reach $4.28tn and the number of transactions needing customer support increased from one-in-eight to one-in-six. In response, eCommerce customer service specialist, eDesk is supercharging support for its 23,000 agents with AI advancements, expediting the company product roadmap.
Since AWS Lambda first launched in 2014, serverless computing has exploded. Adoption is high, and Amazon, Microsoft and Google all now offer serverless capabilities. As is so often the case, entrepreneurs have reacted fast, and created an ecosystem of startups that support the continuing growth of the serverless industry.
The fourth edition of ChangeNOW has announced digital broadcasting from Paris and other live locations worldwide. A significant milestone for the planet, with the online streaming of inspiring content and meetings of impact actors, to create a global momentum of multi-stakeholder collaboration on our century’s issues.
Until very recently, data privacy has largely been a matter of ethics for tech startups. With most consumers fundamentally unaware of both the capability of apps and other software to farm data and the potential risk this engenders, there has been no compelling reason for tech companies to rethink their privacy policies.
Do you want to create a new business venture? Do you have a business idea but don’t know where to start? Have you started your business without a plan? It is time to create a business plan! A business plan is like a travel itinerary, you need to plan your trip before travelling: Where you will go? How to reach there? How much will you spend? Where will you stay? What will you do (activities)? Which places will you visit?
Through all the advancements seen over the past century, international trade has been slow to change. For example, Letters of Credit (LCs) continue to be an important trade finance product for global traders, but they rely on paper-based processes, which are fundamentally slow and prone to error. Now, with the need to change how organisations work in a post-COVID world, there is a greater need to improve how trade and trade finance operate
Rosa von Krogh is Head of Insights and Innovation at the North Alliance, one of the largest companies in Scandinavia marrying design, media and e-commerce. She is speaking at the global SHE Conference, alongside guests like Hillary Clinton, Norwegian PM, Erna Solberg and Icelandic PM Katrin Jakobsdottir, from 5-19th March 2021.
Deci, the deep learning startup building the next generation of AI, has announced a broad strategic business and technology collaboration with Intel Corporation to optimise deep learning inference on Intel Architecture (IA) CPUs. As one of the first companies to participate in Intel Ignite startup accelerator, Deci will now work with Intel to deploy innovative AI technologies to mutual customers.
University of Bristol spin-out CytoSeek has raised a £3.5m seed round to develop new cell therapies to treat solid tumours in cancer patients. The funding is led by Science Creates Ventures (SCV), Bristol’s new deep tech EIS fund for science and engineering startups, and is the firm’s first investment since announcing its venture capital fund last December.
Ibex Medical Analytics, the pioneer in AI-powered cancer diagnostics, has announced a $38m Series B financing round led by Octopus Ventures and 83North, with additional participation from aMoon, Planven Entrepreneur Ventures and Dell Technologies Capital, the corporate venture arm of Dell Technologies, bringing total funding of Ibex to $52m.
Edtech marketplace, Preply, has secured an additional $35m of funding, a sum that exceeds the platform’s cumulative fundraising efforts since 2013. The round was co-led by Owl Ventures and Full In Partners, with participation from previous investors Point Nine Capital, Hoxton Ventures, as well as EduCapital, All Iron, Diligent Capital and Evli Growth Partners.
The past year has demonstrated how important deeptech innovation is to solving some of the greatest challenges faced today, from finding vaccine candidates for the COVID-19 pandemic through to solving climate change and transforming healthcare. The UK’s deeptech sector is a critical part of the Government’s post-Brexit ambition for the UK to become a global ‘Science Superpower’.
Guess who is back, back again with bigger and better plans than before. The Hustle Awards is returning for 2021, with a super exciting hybrid format, so not only does this mean we plan to actually network and celebrate with some of you in person; if that does not sound as exhilarating to you as it does to us, you can still enjoy this year’s awards from the comfort of your own home!
Influencer marketing. An ideal channel for a brand looking to raise awareness and grow its consumer base, but can influencer marketing work in a B2B setting? According to Yorkshire-based tech startup, socialsendr, yes it can, with the business seeing an immediate increase in platform sign ups following a campaign with a nano influencer on TikTok.
The success of your endeavors depends on your approach and perspectives towards things. Ultimately, it is all about how you train your mind to be at the helm of your pursuit. Yes, passion is a lot synonymous with following the heart, but you also need to develop a positive mindset. It is all about the mindsets after all! Positivity, confidence, persistence, and possibilities are all attributes of your mindset. Besides, it is a well-established fact that the prowess of our minds shapes our lives. Being in the right frame of mind is paramount.
Xero accounting and bookkeeping practices and app partners across the UK and Ireland were honoured at the annual Xero awards. Hosted by Gary Turner, Xero UK & EMEA Managing Director and comedian, Henry Paker in an online ceremony, the awards showcased the achievements of those supporting small businesses through one of the toughest years.
UK businesses are at risk of losing employee trust through choosing to abstain from reporting their gender gap figures, following on from the EHRC’s second deadline extension. Government figures show that nearly half of 10,000 eligible employers chose not to submit their pay gap figures last year - equalling to nearly 5,000 businesses that possibly have something to hide.
Despite the global growth of women-led businesses, funding continues to be a significant challenge. Having gathered multiple data and research, Instant Offices revealed 35% of female business founders still face gender bias when raising their business capital. Female entrepreneurs also receive an average of 5% less funding than their male counterparts.
A few years ago I was sitting in a meeting, working while I waited for it to be my turn to present. The engineer sitting next to me asked me what I was doing - I said that in order to make it home in time before my children’s bath time, I had to work through every single free moment. He replied saying he preferred to not get home until after bath time.
Especially for International Women’s Day on March 8, iStock has unveiled a series of tips to help SMBs meaningfully depict diversity, encouraging them to intentionally and authentically portray women across age, race and cultural lines in their marketing and advertising campaigns for their benefit, and the benefit of women everywhere.
Nearly half of women working in cybersecurity (49%) say that the COVID-19 pandemic has affected their career in a positive way, with just nine percent of female cybersecurity professionals saying that the pandemic negatively impacted their career. This is according to a new global report from human layer security company Tessian, published this International Women’s Day.
To coincide with International Women’s Day, O2 is sharing new research revealing how women have been impacted by challenges raised by Coronavirus. As insights show how employees are feeling a year on from the outbreak of the pandemic, O2 is calling on employers to ramp up their focus on wellbeing and take action to ensure women thrive in the post-pandemic workplace.
There is no denying that this year has been a particularly tough time for businesses - small and large - all over the world; particularly for entrepreneurs from underrepresented and BAME communities, who are amongst those who have been hit hardest by the pandemic here in the UK. In light of this, it is more important than ever to celebrate our diverse female founders and champion their incredible innovations and achievements, this International Women’s Day.
Working at Startups Magazine, we come across some extremely inspiring, empowering and all-round incredible women, but it would be impossible to name them all. As we celebrate International Women's Day 2021, we wanted to highlight our 20 most influential women of 2020 from our last Women in Tech edition.
International women’s day is a double-edged tampon, on the one hand it’s a day of celebration, reflection and unity, on the other, it’s a day to bring about awareness and focus on the inequalities that still pelage our society. How’s that gender pay gap looking? Where are we with female representation in the tech industry now? Was your new smartphone designed with a women’s hand size in mind?
The Digital Women’s Day, JFD in French, was started up by Delphine Remy-Boutang back in 2013, (back then just an annual meeting), but has since evolved into so much more. It is now a platform for the promotion of digital entrepreneurship for women, and JFD has brought together and celebrated a large number of women who all share the same goal - to revolutionise the world digitally both in Europe and Africa.
Retail Marketing Group (RMG), a UK-based marketing agency, has announced the launch of E:VENT Virtual & Hybrid Solutions, a virtual world experience that enables businesses to bring people and teams back together. Designed to keep employees, visitors and customers safe whilst working from home, the new E:VENT solutions provide a bespoke virtual environment for exclusive, secure and innovative events, and offers intimate board meetings to full-scale conference productions, as well as interactive learning, employee engagement, and celebratory experiences.
Class-ify, a new digital platform ‘powered by human connection’, has been launched by former Just Eat employees to enable fitness instructors to build their own businesses online. Set to revolutionise the fitness industry by providing a workout experience ‘powered by human connection’, Class-ify helps independent health and fitness instructors monetise their audience and build a global community, all from the use of a laptop or smartphone device.
BLEND (formerly OneHourTranslation), an end-to-end technology-based multi-market enabler, announced the completion of a $10m funding round to fuel its continued rapid growth. Existing investor Fortissimo Capital led the round following a year of strategic expansion reflected in the company’s new brand and offering. BLEND leverages OneHourTranslation’s AI-driven language technology, 25,000 expert linguists, and advanced tech stack to help global brands establish a native presence in fundamentally different markets, worldwide.
Generating £27.8bn gross value added annually, and employing more than 360,000 people, the West Midlands is the UK’s largest centre for Business, Professional and Financial Services (BPFS) outside London. Now, business leaders from Shoosmiths, Wesleyan, Bruntwood, CBRE and Birmingham Law Society, amongst others, are working with the region’s just under 12,500 leading tech and digital companies to see how they can integrate AI and advanced technology into their everyday activities.
Employees are at greater risk than ever of suffering burnout and employers should consider putting in place preventative and curative measures. For startup employers in particular it is important to look at tackling burnout in a sustainable way, eradicating the factors and issues before they take hold.
Rewire, a fintech startup that develops cross-border online banking services tailored for the needs of expatriate workers worldwide, has announced a Series B funding round of $20m and significant line of credit from a leading bank. Rewire was founded with the vision to empower every migrant to fulfill their financial potential for a better future, for themselves and their families.
Following news this week that people have been rushing to book holidays for summer, data from absence management platform, e-days reveals that Mondays, already the day people are most likely to book holiday, will see a spike in holiday bookings post government announcements in 2021. So far Monday January 4th, the first day back after the Christmas break, and Monday 22nd February, following the UK government’s announcement of the roadmap out of lockdown, have witnessed the biggest leap in number of leave bookings.
The Government is exercising extreme caution when it comes to easing lockdown restrictions. This is a sensible approach. After all, the UK is in its third national lockdown, and the Prime Minister will be keen to avoid another. That said, the slow road out of lockdown will likely frustrate many UK businesses. Many non-essential, retail and leisure businesses must now remain closed until 12th April, and even then, many will be unable to operate at full, pre-pandemic capacity.
As ambitious business leaders, you aspire for your organisation to soar high in success. Not only this, you try to leave no stone unturned to fulfill your aspiration. But, are you directing your efforts to enhance employee happiness? If not, it is time for you to start doing so. This is because happy employees can speed up your organisation’s growth and help you fulfill the aspiration of your company’s immense success quickly and easily.
Welcome to my new series ‘The Next Steps’. Every business owner and director, at every stage of a business’s life, should always be considering the next steps. If it is not constantly changing and adapting, and considering how to take the business forward, then the chances are very high that the business will fail.
A brand new recruitment agency has launched in the West Midlands with the ambition of making the industry a more community-conscious one. 70/30 Club is leading the way in ethical recruitment, committing 70% of its profits to local charities every year, whilst delivering talent acquisition for a range of organisations.
Future Acres - a new startup bringing sustainable agricultural robotics to the farm industry in order to optimise workforce efficiency and safety - has launched to raise up to $3m in seed capital via equity crowdfunding site, SeedInvest. The company is producing an autonomous, electric agricultural robotic harvest companion, named Carry, to help farmers gather hand-picked crops faster and with less physical demand.
A tech spin-out whose cloud based data capture and analysis technology is unlocking five-fold increases in manufacturing factory floor productivity in the North of England has secured a significant six-figure investment from a combined Angel and Venture Capital syndicate, valuing the company at £2m.
Revolutionary packaging startup, SoluBlue, has been awarded the top prize of €500,000 from the Postcode Lotteries Green Challenge, one of the world’s largest annual sustainability competitions. The Cambridge-based startup beat over 650 startups from across Europe to be crowned the latest winner and will now use the prize money to scale up its technology for pilot production among retailers.
Last year businesses were quickly forced into new ways of working, kickstarting one of the largest unplanned changes in operations the modern workplace has ever seen. It’s become clear that many of those changes are here to stay — for a long time to come, business as usual will not be an option. When we eventually return to the office, we can expect the workplace to be very different to how we left it. Typical office practices like hotdesking and crowded meeting rooms will no longer be viable as workplaces reduce onsite headcount and adhere to social distancing practices.
Tech Nation, the UK network for ambitious tech entrepreneurs, has announced the ten early-stage scaleup winners of its nationwide competition, Rising Stars. These companies have been selected because they are at the forefront of UK technology, across a range of subsectors, providing solutions such as digitally connecting healthcare workers with communities, digital recruitment for schools, and tools for online content creators.
Axis Spine Technologies (AST) has raised £2.2m in a funding round led by ACF Investors, with follow-on investment from Mercia’s EIS funds. Mercia was the first investor when Axis was founded by Jon Acros in 2017. This is the first investment from ACF Investors’ new Delta Fund, a fast-track investment fund designed for high potential UK businesses that have been backed by a syndicate of angel investors with deep sector knowledge.
Waze, the platform bringing together communities on and off the road, has announced updates to Waze Ads Starter, its advertising solution tailored specifically to small businesses. The features take into account the unique challenges faced by small businesses now, making it easier for them to connect with existing customers and attract new ones while making the most of their marketing investment.
Businesses in a wide range of industries rely on stock procurement to thrive, and issues with supply lines will always have a hugely detrimental impact on profits. Ultimately, companies cannot consistently sell their own goods if they’re struggling to procure the products and materials needed to manufacture them.
Rental deposit fintech, Fronted has launched this month, becoming the second company to be powered by Yobota’s core banking platform. Founded in 2016, London-based technology firm, Yobota has built a fast, flexible, cloud-native core banking platform that allows clients to create and run innovative financial products.
Step Anywhere 2021 is on for March 29th, 30th, and 31st, and fully online! Organised by the team behind Step Conference, The Leading Online Tech Festival For Emerging Markets will bring together over 1500 international attendees, 100 showcasing startups and global players in healthtech, edtech, fintech, foodtech, smart cities, digital media, and more.
LOT Network, the international community of the world’s leading high-tech companies committed to protecting its members from costly litigation from patent assertion entities (PAEs, also known as 'patent trolls'), has announced that ByteDance has joined its 1,200 member organisation. In doing so, the company is taking proactive measures to protect itself against potential litigation from PAEs, and inoculating themselves from a pool of over three million patents.
Design Pickle, the leading graphic design and creative services subscription platform, has released information about their acquisition of British design services company, Design Hero. The acquisition marks the first of its kind for Design Pickle, paving the way for expansion into the UK and European creative markets.
Website design accounts for up to 95% of a user’s first impression of your company. A good design can keep visitors on your site, which goes a long way in converting leads into purchases. For this reason, it’s increasingly important to make great website designs part of your marketing strategy. Here are eight of the best website designs to inspire you in 2021.
The world is undergoing huge changes at the moment. Between coronavirus pushing the economy to the limit and a group of Redditors challenging the financial market hegemony, people are questioning the role of established institutions. If finance doesn’t work to enable the economy, businesses or individuals, then who is it for?
London will host a group of North American LGBTQIA+ founders and entrepreneurs today for the start of a two-day virtual trade mission to explore London’s business ecosystem. The mission will see fourteen of North America’s fastest-growing LGBTQIA+ led tech companies ‘touch-down’ in London to meet with corporates and startups to discuss potential business opportunities in the UK capital.
Vivacity Labs, the London-based tech company which uses artificial intelligence to improve traffic insights and safety, has announced it has secured £5m of Series A funding in a VC round led by investor Mobeus, with additional funding from existing investors Downing Ventures and London Co-Investment Fund.
Whilist travelling is one of the most truly amazing experiences - meeting new people, trying new foods and even learning new languages - it is not without its challenges. Although we are living through the most connected time in history, it can still be a struggle to find WiFi on the go (that actually works). Here, Startups Magazine speaks to travel technology startup, Rent ‘n Connect to find out why their products can save you from all those hair-pulling moments.
In today’s fast-paced, technological environment, people are constantly retaining information through the internet and social media. There are many opportunities for individuals to access expert advice from all sorts of industries through the likes of online interviews, podcasts and Twitter feeds. Still, does this mean that all the advice that we have access to is useful?
Ally.io, a hypergrowth technology company specialising in goal-setting and business execution software, has announced a $50M (£36.5M) Series C funding round led by Greenoaks Capital. Tiger Global, who led the company’s Series B round, and Madrona Venture Group also joined the round, as well as previous investors Accel, Addition Ventures, Founders’ Co-Op, and Vulcan Capital.
Vinehealth, a platform to improve the quality of life and survival of cancer patients through highly personalised patient support, has secured a £1m Biomedical Catalyst grant to deliver their innovative cancer companion app to four NHS trusts within a randomised controlled trial, thus generating robust evidence of the platform’s clinical and cost effectiveness in improving patient self-management and data collection.
Cambridge GaN Devices (CGD) has raised $9.5m in Series A funding. The investment was co-led by IQ Capital, Parkwalk Advisors and BGF, and includes investment from Foresight Williams, Cambridge Enterprise, Martlet Capital, Cambridge Angels and Cambridge Capital Group. The funding will be used by CGD to expand its product portfolio of energy-efficient power devices and to double the size of its team.
A cloud-based CRM provider has announced another instalment of their successful virtual event series, designed to help UK businesses tackle 2021 and set strong foundations following a challenging 2020. BuddyCRM’s Build Back Better - Sales Masterclass will commence on 18th March 2021 and is free for delegates to attend.
Social impact startup OX has successfully secured three grants with a total project value of £1.2m in the past four months. The grants, awarded by Innovate UK and the Advanced Propulsion Centre, will see OX work on separate projects with Potenza Technology and Penso to expedite the delivery of the world’s first clean transport ecosystem.
Launching a new startup is always a huge risk, but with effective user research and testing, product leaders can gain valuable insights from end users to reduce risk from the outset and build a culture of learning from their customers. We recently held a virtual event titled ‘From Idea to Launch: How startups succeed with UserTesting’ and we were joined by product and startup experts, including Arielle Kilroy and Justin Berkovi, to get their top tips for ensuring success.
In this article, Andrew White, Partner and UK & European patent attorney at intellectual property firm, Mathys & Squire discusses how building a strong Intellectual Property (IP) portfolio puts you in a better position to secure business investment when you need it and why linking your IP strategy to your business goals - including investment plans - is crucial for making it all come together effortlessly.
With the shipping and logistics sector rapidly growing due to the growth of the e-commerce industry, the need for optimal packaging solutions is becoming more important than ever. The primary single use material used to secure pallets across Europe is stretch wrap but most businesses are moving towards more environmentally friendly and reusable packaging solutions.
A UK-based digital professional has warned that as many as 70% of British businesses don’t fully understand SEO, or the methods employed by Google’s algorithm to analyse, rank, and display relevant search results. This is a particularly troubling statistic as many firms struggle to stay afloat during COVID-19 and risk squandering their budget on SEO campaigns that simply won’t deliver.
Any startup that’s raised venture funding knows it can be a gruelling process. It can take hundreds of meetings, calls, and pitches to land the capital you need to grow. However, VCs provide more than just capital and this can be a huge enabler for startups as they grow and scale. It’s therefore vital to look beyond the cash and ensure any VC you’re looking to work with is able to offer you more than just money.
Israel’s booming cannabis industry has recorded a significant achievement with the signing of the first of a kind genetics breeding deal. Israeli Agtech startup, RCK, which specialises in science-based cannabis genetics, signed an agreement with SeedTech, a Dutch seed company, for developing unique cannabis strains in the form of elite hybrid seeds.
OneTech, an organisation connecting London’s underrepresented communities with opportunities in tech startups, have today launched TryTech. The new online platform will help young people, aged 18-24, facing multiple disadvantages in the UK, to find motivation, develop their knowledge and skills towards a career in the technology and social enterprise sectors. The platform will be available in London first, before rolling out across the UK.
Low-cost wealth manager, InvestEngine is urging small businesses to consider stockmarket investing, as interest rates on banks' business accounts hit record lows. The average interest rate on instant-access business savings accounts is now just 0.06%, according to Bank of England data published this week.
New research from Uswitch has revealed that crowdfunding sites have helped fund 6 million projects in the past year and are now central to many business plans. It is becoming more popular than ever around the world to use crowdfunding as an investment source for businesses. Not only does it have its financial benefits, using crowdfunding is a great way to gain visibility and build a customer base for startups.
Wolves Summit has confirmed its return from 24th to 26th March 2021 in Warsaw with two days dedicated to startups, investors, and executives from the tech ecosystem. The hybrid format that made the two previous editions a success will be enriched with new digital experiences including multi-stage and matchmaking functionalities, an Investor Podium, dedicated Scaleup, Accelerator, and Community Partner Stages.
Michelle Cowan and Bren Adams, the Founders behind Yorkshire-based tech start up, Justo Software and socialsendr, have launched a crowdfunding campaign via Go Fund Me to raise £25,000 to drive forward development of their second social media platform aimed at soletraders, freelancers and small businesses.
European Health-Tech Innovation Week, sponsored by GIANT Health, is taking place from 17-21 May 2021 and is five one day hybrid conferences and exhibitions across Europe’s leading healthcare innovation regions; successfully driving improved healthcare outcomes and business collaboration by showcasing and championing Europe’s best healthtech innovations.
Small firms are being urged not to miss the deadline for this year’s Small Awards, a nationwide search for the smallest and greatest firms in the UK, across all sectors. Launched in 2017 by Small Business Britain, the annual awards have eleven unique categories across everything from longstanding family businesses and innovation-led startups, to social enterprise champions.
Private capital raising platform, HUBX, today announced the completion of a £4.2m funding round with the closure of the second tranche of financing. European B2B technology venture fund Basinghall Partners, together with Barclays, ELITE and individual investors, participated in the fintech startup’s latest funding round.
Workplace wellbeing has always been a necessity for productivity. However in the post-COVID environment, it will be more important than ever before. Where once upon a time the focus was on ergonomic workstations, air quality and mental wellness – all still valid areas of concern - there is now the added emphasis on providing an environment where the risk of disease transmission is as low as possible and importantly, where employees believe it to be so.
Before you even think about starting a business you have to know that there is going to be a need for your services or product. In our case, a large number of teachers leaving their profession in addition to the ever-increasing class sizes in public schools mean that there was a growing gap in the market for private tuition.
In the time of COVID-19, the unheard victims are those entering the jobs market or hoping to build a career. The loss of life is tragic and deserves to dominate the headlines. Yet, we should not ignore the longer-term consequences to the confidence of our young people. 16 to 24-year-olds are the most likely to lose their job or be made redundant. It is also impossible for those fresh out of university to find a position. It is hard to win that first step on the ladder in the best of times, and these are not those times.
And the Whatsapp ordeal is a cautionary tale for those who fail to recognise it. Since pretty much the beginning of human commerce, entrepreneurs have based their strategy around competing on two verticals, price and quality. Generally speaking, if your price is low, you’d expect the quality to also be low and vice versa.
73% of tech talent would consider working for a startup in 2021, with male tech talent more likely to work for a startup (63%) than female (49%). That’s according to a recent survey by Talent Works, which asked UK employees in a variety of tech roles what they look for in a job and where they look for new opportunities.
With the transition into the new era of digital marketing precipitated by the COVID-19 related shopping disruptions, the SEO landscape in 2021 looks like nothing before. With eCommerce sales expected to jump from 14.1% in 2019 to 22% by 2023, mobile shopping dominating the online retail and UX becoming a ranking factor.
There are many joys that come from starting life as a freelancer or small business owner – the empowering feeling of striking out on your own, the freedom to set your schedule, the sense of accomplishment when your ideas come to life. But one of the biggest headaches is suddenly being in charge of your own finances, from payroll to budgeting to taxes, especially if you have limited experience in these areas.
NeuReality, an Israeli startup developing high performance AI compute for cloud data centres and edge nodes, emerges from stealth today with $8m seed from Cardumen Capital, OurCrowd and Varana Capital to fuel the growth of real life AI applications running at scale. NeuReality will introduce its first AI platform early this year.
Just one percent of VC-funded founders in the US are Black and the rates of investment in European Black-owned businesses even lower. Just three percent of Londoners working in the tech sector are Black and only 8.5% of senior leaders in the UK tech sector from Black, Asian or minority ethnic backgrounds.
As one of the UK’s leading third-party logistics providers, Wincanton plays a huge role in construction projects all across the UK. Now, with the launch of Sprint 3 of W2 Labs - an innovation lab designed to discover emerging innovative ideas and tackle some of the logistics industry’s toughest challenges, they are aiming to focus on the construction sector specifically.
Koa Health has announced it closed an oversubscribed €30m ($36m) Series A funding round. The round had a first close in October 2020, led by Wellington Partners Life Sciences and Ancora Finance Group, and has now been fully closed with key participations from MTIP and Akilia Partners, and further contributions from Creas Impacto, Sabadell Asabys, and Mundi Ventures.
Music has proved to have a special place in all our lives given how we play it when we are happy or sad. This is because it is a universal language that speaks to people on various levels. If you want to prove this, think of the memorable times when music made you feel special such as during your graduation, wedding, or after heartbreak. It is also said that music impacts your mental performance and productivity at work.
If you’re growing a business that has a purpose beyond making profit the world of investment might feel daunting. But there is a breed of investors who are looking to see their investments making a social and environmental impact and they are on the look out to back the leaders of the future. This is an opportunity you can’t miss.
It goes without saying, but COVID-19 has affected women pretty harshly. Although everyone is facing unprecedented challenges, women in particular are bearing the brunt of the economic and social fallout of the coronavirus. Often, they’ve taken on the bulk of childcare during lockdowns and usually more likely to run businesses in sectors most affected by the pandemic such as retail, hospitality and leisure.
Understanding the company's financial value will be put under the spotlight in the fourth webinar of Angel Business Club's Insights Series on Wednesday 10th February. The club's financial advisor, Dominic Berger, will lead the hour-long session, titled 'How Do You Know a Company Is Worth Its Weight In Gold?'.
goss, a free mobile betting app which allows its users to bet on reality TV, celebrity lifestyles, trending events and more, has raised $2.1m in seed funding. The app, which launched in September 2020, boasts nearly 200,000 installs to date. Users wager coins (which they receive by simply using the app) on trending events such as the next elimination on a reality TV show. Coins won can be exchanged for prizes.
You wouldn’t necessarily think that technology and fashion go hand in hand, but virtual clothing is growing in popularity, and new digital marketplaces are cropping up as a result. As the younger generation addresses a concern about sustainability, whilst maintaining a love of fashion it seems like such a logical way forward - satisfying the fast-fashion urges without any (or extremely minimal) damage to the planet.
A new app that encourages people to make small but impactful changes to their lifestyle has launched in the UK, guided by behavioural science and designed to instil habits beneficial to the planet. The app, called Ailuna, allows users to be more aware of their environmental impact, and take science-backed steps to a greener lifestyle.
If this pandemic has taught us anything, it’s that change and disruption on this colossal scale, really has the potential to highlight the pros and cons of big business vs startups. While the startup cons no doubt include a vulnerability to externalities, through factors such as short cash flows and unreliable customer books, the flip side is the flexibility with which to grasp the new opportunities.
The world’s first causal AI platform, created by deep-tech scaleup causaLens, is being leveraged by financial services companies (including Aviva Investors, 2IQ, TIAA, CLS Group and a plethora of prominent hedge funds), to automatically extract valuable causal insights from financial data and boost the profitability of their trading strategies.
As part of its Next Innovation with Japan project (Project NINJA), the Japan International Cooperation Agency (JICA) is expanding its startup accelerator program (NINJA Accelerator) to Kenya, scheduled to take place in Nairobi on 7th April, 2021, in partnership with the Double Feather Partners (DFP) / Deloitte Tohmatsu consortium, and GrowthAfrica.
Israeli agri-tech startup, Edete Precision Technologies for Agriculture is due to begin commercial scale field trials of its artificial pollination technology in almond orchards covering dozens of hectares in the Australian state of Victoria. This follows the signing of an agreement with one of Australia’s largest almond growers. The field trials are due to commence in August when the almond trees begin to blossom.
Plexal, the innovation centre and coworking space established by Delancey, has launched the Rapid Innovation Accelerator today in partnership with Omani innovation development company, AL JABR. This virtual-first, six-week programme will connect digital innovators in the UK with counterparts in Oman to help them develop technology-led solutions to the local challenges posed by COVID-19.
As we enter a second year of the COVID crisis, many founders are struggling to manage their finances amidst falling revenues and enforced redundancies. Whilst government support is being made available to businesses, there is plenty of uncertainty about the future and how to navigate through serious economic volatility.
Hydro Wind Energy is launching a crowdfunding campaign on the Seedrs investment platform. This latest Seedrs crowdfunding campaign continues Hydro Wind Energy’s journey towards a valued funding round and the start of full commercialisation. The finance raised will go towards the technology and product development teams for power generation (OceanHydro Wind) and water desalination (SubSea RO Wind), as well as international expansion and to scale QuenchSea (portable water desalination) globally.
Over the space of just two years, 33-year-old Raimonda Jankunaite from Kent has established a thriving community of 150,000 women in business from across the world. As the Founder of The Women in Business Club, her ambition is to share the secret sauce to succeeding in business. This has led her to educate, inspire, and support thousands of female entrepreneurs from the UK to Australia and the US. But it wasn’t something she originally set out to do...
TDK Ventures, the investment arm of TDK, invests in early stage hard-tech entrepreneurs from all around the world to help accelerate their dreams and find solutions for the world’s difficult problems. For this issue’s Startups Launchpad feature, we caught up with TDK Ventures, Managing Director, Nicolas Sauvage to find out more.
If you’re an avid watcher of sport, like I am, you’ll know that there has been great strides made over the last few years regarding the integration of data and technology – whether it be the ongoing debate of the Video Assistant Referee (VAR) in football, to the humble sports watch that tracks your steps and distance whilst running.
As someone who has sustained their fair share of sporting injuries over the years, I certainly could have done with the Running Pod Pro (RPP) wearable device from PhysiGo, which has the ability to analyse my run and provide actionable insights to improve running form, and crucially, prevent injury. We caught up with CEO and Co-founder, Luke Stephen-Perrett to find out more.
Midlands based entrepreneur, John Whitbread, launched The Spotted App back in January 2020 to allow businesses to connect with consumers without having to rely on social media alone or the interference of predictive algorithms. Now, he wants to give back to the businesses across the UK by offering a free, life-long membership 10,000 businesses when they sign-up.
Evidence has shown that consumers trust their energy supplier about as much as they do city bankers or politicians – a damning indictment for the industry. However, in this issue’s Founder Focus feature, we speak to Simon Oscroft, Founder of energy supplier So Energy, who has dared to challenge the status-quo and whose company uses the latest technology to operate as efficiently as possible, keep costs to a minimum and pass those savings onto customers.
Insurtech startup, Indeez has launched #CoviSure, a COVID-19 financial protection product for independent workers, in partnership with the global insurance company Chubb. Platforms engaging independent workers and small business entrepreneurs, can help them to obtain financial protection against some of the impacts of a COVID-19 infection.
Office relocations are necessary in many situations. You might be outgrowing the current office, or you may need to downsize your office after laying off staff so that you can afford to remain in business. Moving from one location to another may be necessary to better serve your customers or your top clients.
E-days, the absence intelligence company revolutionising the way companies handle absence, has announced that they have been asked to join this year’s cohort for Tech Nation’s Upscale 6.0 programme. Over the next 6 months E-days will be coached by some of the UK’s most successful entrepreneurs and experts.
Included VC, the first-of-its-kind global initiative building diversity within venture capital, has in a collaborative partnership with 11 funds from around the world, kicked off its Fellowship II. It is the only offering on the market that offers a nine-month, fully funded Fellowship to diverse individuals globally who are looking to enter the VC ecosystem.
It’s a complicated time to be a business owner, whether it’s a multinational company or a small enterprise. But while larger companies are having to make systematic changes to accommodate lockdowns, social distancing, and the other realities of COVID-19, many small businesses have been left adrift without clear guidance on how to proceed.
Data from Innovate Finance has revealed that the UK fintech sector received $4.1bn of investment across 408 deals in 2020. This places the UK second in the world for capital raised, and first in Europe. Although fintech investment fell year-on-year by 9%, this can be attributed due to the pandemic and subsequent economic turbulence.
Fashion production software company, SupplyCompass has announced its next webinar on 27th January at 16:30 GMT, delving into ‘How 3D will shape the future of the fashion industry’. The webinar will examine the potential for 3D technology to transform the current fashion industry and how 3D can become a more widely accessible tool that can be adopted by big and small fashion brands alike.
Even the biggest companies started with just an idea. While their founders all dreamed for their business to grow, we’re guessing most of them didn’t really imagine that their small spark will stand strong and eventually reach a global scale. But we didn’t come here to talk about their ideas, we’re here to talk about yours and how to turn it into a reality.
With COVID-19 uncertainty carrying on well in to 2021, and Brexit seeing billions of pounds lost to the EU, job security is at a low for Brits of all ages. Individuals are turning to self-employment or setting up their own businesses, losing their jobs after time on furlough, taking voluntary redundancy or as a form of additional income.
The past year has been an experiment in different working environments. Workers are again being asked to work from home during the third national lockdown in England while similar restrictions are advised in Scotland. However, the dramatic shift to working from home flexibility has outlined the importance of a good working environment.
Together Price, the digital identity platform for managing group subscription plans, has become another equity crowdfunding success, securing €310,000 in just 6 days. The platform, which tackles growing 'subscription fatigue' around digital subscriptions, is among a new wave of startups adopting this latest approach of crowdfunding investment and quickly exceeded its target of €200,000 from over 1,500 public investors on Crowdcube.
As everyone is gradually settling into the newer methods of working at the time of lockdowns such as collaboration and remote working, it is a good time to consider the professional skills you possess for increasing your worth as an employee. You must find out what skills have to be updated for meeting the changing demands. Most of the conventional professional development activities such as conventions, workshops, and conferences have been either postponed or cancelled.
Perchpeek, the AI-powered relocation agent, has announced it has raised £2m, led by early-growth experts Episode 1. Founded in 2018 as a UK property marketplace, Perchpeek was originally dubbed ‘Tinder for renting’, but has since developed into a completely unique, global relocation service that is transforming the relocation industry.
Micro businesses and SMEs expect the beginning of 2021 to be tough, but are redoubling their efforts to improve their performance and become more productive. These are among the key findings of a new data set published today by Be the Business. Future editions will track changes in five areas of business activity, each of which has consistently been shown to impact on productivity.
The latest startups to join the ATI Boeing Accelerator have been announced with ten companies joining the programme. The startups for the second cohort were selected from nearly 200 applications, from more than 40 countries and range from Hull to Queensland, and the US to Germany. Providing solutions for the aerospace industry such as software to support inflight medical events and emergencies and behavioural science technologies to reduce airlines’ greenhouse gas emissions.
When Anthony Collias and Jacob Wedderburn-Day were looking ahead at 2021, one positive silver lining they could draw from the year was the favourable effect of the pandemic on the climate. The duo, who met at Oxford University, were already co-founders of a successful startup, but like many businesses faced severe difficulty and uncertainty of what the future would bring.
ETF Partners (The Environmental Technologies Fund) has announced a £5m investment in The Modern Milkman (TMM), a fast-growth UK startup committed to building a more convenient and sustainable approach to grocery shopping. The Manchester-based business delivers convenient groceries from independent and local suppliers directly to customers’ doorsteps in returnable and reusable packaging.
In 2020 we experienced a lot of change to our working lives, with many of us turning to Google for tips and advice on working from home. Influenced by what we’ve all been searching over the past few months, Lauren Gordon, Behavioural Insights Adviser at Bupa UK shares the top workplace trends to follow for 2021 and tips on how to make these trends work for your physical and mental health.
Although we have bid a grateful farewell to 2020, the disruption and uncertainty we experienced are spilling over into 2021. If there is one thing that we learnt last year, however, it’s that we need to accelerate the pace of transformative change. Connected technology is of critical importance in this process, and is likely to be one of the key economic drivers going forward.
As a successful entrepreneur in his own right, Daryl Woodhouse knows the price that success can sometimes seem to demand. In 2010, aged 26, he secured a national role at a FTSE top 10 corporate leaving in 2011 to set up his own business, which quickly grew into a seven-figure revenue, winning 30 awards in the process.
AI has been identified by Deloitte analysts as the technology that is critical to ‘elevate the human experience’ and power successful next-generation customer service. This article will discuss how this advanced tech can help contact centres deliver a consistently high level of customer experience (CX) and ease internal contact centre pain points in a post-COVID world.
Call it a New Year’s resolution or call it a business plan, it’s all the same in the world of startups. Setting goals and reaching for the stars is all part of the startup journey as you have to show vision, commitment, and determination in all that you do. The only difference is that it’s not about you, it’s about your business.
Spaceport Cornwall is seeing in 2021 with three new staff appointments. Following the departure of Miles Carden, Melissa Thorpe will be providing an interim solution to the position and will be supported by John Paffett. As well as this, new Cornwall Airport Newquay employee Luke Winfield, will be supporting the Spaceport team as Operations Manager.
Funded by the UK European Regional Development Fund (ERDF), CPI, an independent technology innovation centre and founding member of the UK Government’s High Value Manufacturing Catapult, has announced the launch of the PROSPECT programme to assist Small and Medium-Sized Enterprises (SMEs) in the North East across a wide range of sectors.
Legacy Club is pleased to announce Startups Magazine as its headline partner for 2021. Following Legacy Club’s successful launch in January 2021, this collaboration aims to bring together Startups Magazine’s thriving community of start-up businesses and entrepreneurs with Legacy Club’s extensive offering of support, advice and mentorship.
The growing demand for software development professionals has already resulted in a talent shortage of 40m workers worldwide which is projected to reach 85.2m by 2030. However, no-code solutions will allow anyone in the organisation to code cheaper, faster, and without any prior knowledge in programming.