UK startup and scaleup development platform Tech Nation has formally relaunched at Birmingham Tech Week following its shock closure in March.
Tech Nation 2.0 plans to facilitate £10bn of personal funding for UK startups over the following 5 years – and has pledged to make sure half of its UK startup community is predicated exterior of London as a part of a dedication to assist under-represented teams.
It would additionally resume the function as an endorsing accomplice for the House Workplace on the International Expertise Visa programme, which Carolyn Dawson, CEO of world startup founder neighborhood Founders Discussion board — which acquired Tech Nation in April – says will final till “a minimum of” the top of 2024.
Plans are already underway to launch a “suite of alternatives” for worldwide expertise after they’ve entered the UK, and a first-of-its-kind neighborhood backed by Motability Operations for disabled founders or founders constructing applied sciences for the disabled neighborhood.
“The UK’s tech scene will likely be optimistic on the relaunch and funding into Tech Nation,” says Karoli Hindriks, cofounder and CEO at Jobbatical.
“Because the trade continues to battle with a expertise disaster, uncertainty over the way forward for the International Expertise Visa has been made worse by the elevated visa charges for overseas expertise, which got here into play earlier this month.
“Readability over the way forward for the visa programme, together with a dedication to work with the federal government to ease expert migration of tech expertise, ought to be a precedence for Tech Nation because it ramps up operations once more.
“Solely by enabling tech corporations to rent the precise employees on the proper time – be that home-grown or worldwide expertise – can sustainable development of the sector, and a real world competitive-edge, be a actuality.”
Tech Nation will likely be led by Carolyn Dawson alongside tech entrepreneur Brent Hoberman, founding father of lastminute.com, and likewise cofounder and chair of Founders Discussion board Group.
It would even be supported by HSBC Innovation Banking, which is serving as a founding accomplice.
What’s Tech Nation?
Tech Nation is a development platform launched in 2011 for UK tech firms, supporting founders, leaders and scaling firms. The organisation supplies teaching, content material and neighborhood via development programmes, occasions, analysis and insights.
Over 40 cohorts and 1,000 firms have efficiently graduated from Tech Nation’s development programmes – notable alumni embrace Skyscanner, Monzo, Revolut, Clever and Farfetch.
Tech Nation was compelled to stop operations from March 31 this yr after the federal government pulled its funding – as an alternative selecting to reallocate a key £12m grant to Barclays’ tech incubator Eagle Labs.
With its launch, Tech Nation has opened purposes for 3 new programmes for underrepresented founders, local weather tech startups and late-stage founders scaling. Functions for Rising Stars, Tech Nation’s pitch competitors for early-stage tech startups, will open quickly.
“The brand new Tech Nation would be the champion of the startup scene, advocating for its wants, supporting worldwide attain and fuelling the funding that can create the following technology of unicorns,” says Dawson.
“We’ll assist startups from Inverness to Eastbourne to develop world attain, discovering alternatives, funding and recommendation throughout Europe, North America and Asia.”
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