Are you wondering what the upcoming general election means for the UK startup sector? We've been reviewing each party's manifesto as they are released and have put together a snapshot of what they promise for startups and entrepreneurs. Here is what the Conservatives, Labour, and Liberal Democrats say they will deliver for the innovation ecosystem: The Conservative Party plans to modernize the NHS with MedTech, boost R&D spending by £2 billion annually, support local growth through Investment Zones, ensure nationwide gigabit broadband by 2030, and support women entrepreneurs with a dedicated fund. The Labour Party aims to foster innovation with a new regulatory framework, simplify infrastructure development policies, leverage AI for enhanced medical diagnostics, invest in future industries via the National Wealth Fund, and improve regional support through British Business Bank reforms. The Liberal Democrats aim to ensure universal gigabit broadband, foster a supportive business environment for skills development and R&D, establish a forward-thinking AI regulatory framework, lead in climate-related technologies, and empower the NHS with innovative digital tools. Stay tuned for our next post where we compare manifesto commitments from the Green Party, Reform, and the Scottish National Party. #UKElection2024 #ElectionManifestos #Startups #Innovation #Entrepreneurship #Founders
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The results are in - Labour has won the General Election, but what does this mean for the UK’s technology ecosystem? 🤔 Our Head of Engagement Ali Nicholl features in today’s Startups.co.uk article on what UK businesses need now from our new prime minister 📰 Ali shares his views on why the next government needs to drive our startups and SME economy towards growth and prosperity, and how the UK should be looking towards leveraging AI and data infrastructure to securely and responsibly enable a sustainable future: “We have a generational opportunity to invest in enablers for change” 🌟 ➡️Read Ali’s comments in the full article here: https://shorturl.at/fijQl #Labour #GeneralElection #TechEcosystem #Startups #SMEs #AI #DataInfrastructure #SustainableFuture
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Chief Operating Officer at the Scottish Africa Business Association - helping Scottish businesses to access an unrivalled network between Scotland and Africa
Extra investment to grow and nurture high-growth businesses and entrepreneurs has been announced by the Scottish Government. The £5 million package aims to help deliver end-to-end support for Scotland’s start-up companies. It forms part of an ongoing to commitment by the government to deliver on the recommendations of the Logan report into developing a world-class technology sector, and the Pathways report which is focussed on expanding the number of women starting and scaling-up businesses. The package includes: - funding to expand the business funding competition Scottish EDGE, helping broaden and tailor the range of financial support available to fledgling businesses - the development of pre-start support, aimed at stimulating the earliest stages of business creation and product development for under-represented groups. - support to maximise the economic impact of university spin-out companies, and commercialise research - investing in initiatives that will attract the world’s top talent and showcase Scotland as a global destination for start-up founders and investors. The additional support coincides with an announcement that Codebase, delivery partners of the Scottish Government’s £42 million Techscaler programme, are to partner with Scottish EDGE to develop the end-to-end support offered to businesses and entrepreneurs. Deputy First Minister and Economy Secretary Kate Forbes announced the new funding as she visited the National Robotarium, the UK’s centre for Robotics and Artificial Intelligence and home to a number of spin-out tech companies. Read more ➡️ https://buff.ly/4azFgGt The Scottish Chambers of Commerce Network is here to support your business - reach out to share your views, concerns and opportunities. #SCCnews #businesssupport #businessnetwork #businessvoice #businessleader Sign up for the Scottish Chambers of Commerce enewsletter at https://buff.ly/3CpsQnu
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With the #GeneralElection now confirmed for 4th July, I spoke to Richard Parris at Startups.co.uk about the policies UK businesses hope to see prioritised by the elected government. #Defence and international cooperation must be top of the agenda for each party's soon-to-be unveiled #ElectionManifesto, if we’re to be properly safeguarded amidst rising geopolitical tensions. Not only for the purpose of #NationalSecurity, but also #food and #energy security. Technological #innovation will undoubtedly be central to success here, so the future government, whoever that may be, must dedicate #investment to the companies driving progress in the vital sectors of #DefenceTech and #AgriTech. Read the full article via the link: https://shorturl.at/34OmE #Technology #Startups #Investor
Startup Leaders on What They Need from UK Election Manifestos
https://startups.co.uk
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With an election on the horizon, all eyes are on how the government can support entrepreneurs run #high-growth companies in Britain 👀 Our CEO Caroline Plumb OBE Plumb’s new column in The Times discusses how the short-termism of the government is fostering a culture in Britain that is stifling growth and innovation. For Britain to become the next Silicon Valley, it needs a true growth mentality. ➡️Read the full piece here: https://shorturl.at/frDO8 #Gravita #Innovation #Tech #SiliconValley #Startup #Scaleup #AI #Growth #Investment #Policy 👋 We’re Gravita, we’d love to talk 🙌 Build the future together 🌐 Tech enabled, full-service firm of accountants, with global reach See more from us: 🔔 Click the bell on our profile to be notified of our posts ➕ Make sure you’re following us 📝 Sign up to receive Gravita’s latest updates and webinar invites: https://lnkd.in/ecugk7WR
Ministers won’t make Britain the next Silicon Valley
thetimes.co.uk
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👏Thank you The Star for the news coverage on "12MP review: Govt planning start-up congress to boost technopreneur numbers." This relates to Mesyuarat Khas RMKe-12, where our Prime Minister YAB Dato’ Seri Anwar Ibrahim mentioned iStore iSend as part of start-ups. 👇Click to read the full article: https://lnkd.in/dgVqzcF8
12MP review: Govt planning start-up congress to boost technopreneur numbers
thestar.com.my
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As the nation gears up for the upcoming elections, a dedicated focus on fostering innovation and growth in the startup ecosystem remains strong. Recent statements from Rajesh Kumar Singh, Secretary of DPIIT, indicate that a dedicated National Deep Tech Startup Policy (NDTSP) is nearing completion and could become part of the new government's 100-day agenda post-elections. The NDTSP aims to create a conducive environment for deep tech startups, leveraging cutting-edge research to drive innovation, economic progress, and societal impact. While the review and expansion of the Production Linked Incentive (PLI) scheme might wait for a broader roadmap, the spotlight on deep tech startups signals a proactive approach towards nurturing disruptive technologies. This policy, currently in the final stages of cabinet note preparation, underscores the government's commitment to supporting and empowering startups in the deep tech domain. Once approved, it is expected to pave the way for specific schemes and funding mechanisms tailored to the unique needs of deep tech innovators. Exciting times lie ahead for the deep tech startup ecosystem, promising new avenues for growth, collaboration, and impact. Stay tuned for more updates on these promising developments! #DeepTech #Startups #Innovation #GovernmentPolicy #Elections2024 #NDTSP
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When it comes to #tech, Britain’s calling card is not as sparkling as it once was... The UK tech landscape has survived many things during the 14 years of consecutive #Conservative governments: - #Brexit - A tech #talent pipeline problem - A two-and-a-half-year hiatus of its membership in #Horizon (#Europe’s key #science and #innovation program) - An over-reliance on foreign #investors - A worrying lack of appeal as a place to grow #startups or go public Despite all these headwinds, the UK tech sector is still in remarkably good shape: - It has around 50 startup #unicorns (companies valued at over $1 billion) - Its tech #industry remains the third-most-valuable in the world after the #US and #China The message to this #Labour #government from startup #founders, investors, and tech advocates is clear: - Improve #investment #opportunities - Unlock the potential of future technologies - Steal certain things from the playbooks of former Conservative governments—and other nations—to get ahead The incoming Labour government could turbocharge the tech industry into a new renaissance—if #politics don’t get in the way. Read all about it on WIRED: https://lnkd.in/ecrxWHXw
How Keir Starmer Can Fix the UK’s Tech Industry
wired.com
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As The Labour Party has reached the finish line in its #GeneralElection race, it faces its next list of challenges: delivering on its promise to better support the UK’s vital #SmallBusiness and #startup sector. Managing Partner, Daniel Jacob spoke to Richard Parris at Startups.co.uk about what the new Prime Minister will need to prioritise during his first 100 days in office if he is to create an environment where these #businesses can thrive. For #tech startups, #AIRegulation and fiscal certainty sit at the very top of this wishlist, with hopes that Labour will strike the right balance between bolstering #innovation and maintaining the UK’s competitive edge in this field, whilst also ensuring safety and #security in the #technology’s development. Its pledge to create a new #RegulatoryInnovationOffice signals a promising first step. Now it must deliver it. Read the full piece via Startups.co.uk : https://lnkd.in/enjGkj5Z
For Keir Starmer's In-Tray: What UK Business Voices Now Need
https://startups.co.uk
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The Scottish Government has announced additional #investment to #grow and nurture high-growth #businesses and #entrepreneurs. The £5 million package will help deliver end-to-end support for Scotland’s start-up companies. It forms part of an ongoing to commitment to develop a world-class #technology sector, and boost the number of #women starting and scaling-up businesses. The package includes: - Funding to expand the business funding competition #ScottishEDGE, helping broaden and tailor the range of financial support available to fledgling businesses - Development of pre-start support, aimed at stimulating the earliest stages of business creation and product development for under-represented groups. - Support to maximise the economic impact of university spin-out companies, and commercialise research - Investing in initiatives that will attract the world’s top talent and showcase Scotland as a global destination for start-up founders and investors. The additional support coincides with an announcement that Codebase, delivery partners of the Scottish Government’s £42 million Techscaler programme, are to partner with Scottish EDGE to develop the end-to-end support offered to businesses and entrepreneurs.
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Every entrepreneur knows that launching a startup is full of challenges, trials and tribulations. 🌀 This becomes particularly true when navigating the healthcare sector, where policies and regulations can dramatically shape the business landscape. As MedTech innovators, we must stay abreast of healthcare policies and economics. Not only do they define the rules of engagement, but they also significantly impact startups that rely on government funding or subsidies. 🏦 Healthcare Economics equips us with the knowledge to comprehend and adapt to these policies. Our understanding of Healthcare Economics equips us to stay ahead of the policy curve. ⤴️ MedTech Syndicates are always staying ahead of the policy curve so we can ensure that we can navigate any regulatory challenges and enable our startups to flourish! 🏆 #HealthcareEconomics #MedTechStartups #HealthcareInnovation #EconomicViability #SustainableHealthcare
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