Tech Nation 2016: Transforming UK Industries
Tech Nation 2016 comes to you from Tech City UK and innovation charity Nesta, supported by core data partner GrowthIntel.
Tech Nation 2016 is the most comprehensive analysis of the UK’s Digital Tech Economy to date, showing how the Digital Tech Industries are driving economic growth, employment and regional development.
We’re delighted to announce the first 30 companies joining Tech City UK’s Upscale programme!
We’re announcing the first 30 companies to join Upscale. The Upscale programme from Tech City UK will power 30 of the fastest growing UK tech companies on their scaling journey
Following a high level of exceptional applications and a competitive judging process, the companies selected represent the emerging digital businesses with the most potential for rapid scale and international growth.
Upscale in numbers:
- 90% of companies incorporated in the last six years
- Average fund raise thus far: $8M
- Average revenue: $1.8M
- Average number of employees: 30
- Average growth of sales revenue was 53% month-on-month – over the last three months, where indicated as primary business metric
The first intake of businesses reflects the growing diversity of the UK’s digital specialisms. Upscale companies also demonstrate the range of sectors being disrupted by data-led innovation, where growth businesses are making sophisticated use of data analytics to help with everything from determining credit risk to choosing what to wear.
The full list of Upscale companies is:
- E-commerce: Depop, Metail, Pact Coffee, Snap Fashion, Thread, Bloom & Wild
- Fintech: Seedrs, Elliptic, Growth Street, Property Partner, Sybenetix, Receipt Bank
- Data & Analytics: Growth Intel, Import.io, Improbable, Ometria, EDITED
- Edtech: Administrate, Kano, Lingvist, Show My Homework
- Hardware & IoT: Cocoon, M Squared Lasers, SAM Labs
- Healthtech and biology: Touch Surgery, Zesty, Synthace
- Other: Global App Testing, Wakelet, Appear Here
The UK’s Diverse Tech Ecosystem is Boosted by 15 New Future Fifty Companies
Today we announce the latest group of companies who are joining, and graduating, from our Future Fifty programme. The companies chosen demonstrate growing location and sector diversity in the digital technology industry.
The new intake (full list below) for the Future Fifty programme have been identified by a prestigious judging panel (included in the footnote) as some of the UK’s highest potential digital businesses for rapid, global expansion.
The Tech Nation Visa Scheme is Live!
Attracting the best and brightest tech talent to the UK got easier in 2015 as the Home Office has published renewed eligibility criteria for the Tech Nation Visa Scheme (Tier 1 Exceptional Talent).
Following the announcement of plans to revise the criteria on 16th October 2015, the visa route is open for applications under the new eligibility criteria.
This route is now open to candidates, who although assessed against the same criteria, will be considered to have ‘Exceptional Promise.’ This aims to open the route to a broader base of aspiring talent from outside the EU.
For more information please visit our dedicated Tech Nation Visa Scheme page. Here is an interactive flow chart of the process:
Introducing Upscale – a new programme to support the next generation of UK scale-up digital businesses
Upscale is a six-month pilot programme designed to accelerate the growth of 25 early stage high-growth digital businesses.
This builds on our commitment to support UK digital businesses at every stage of their lifecycle and growth trajectory from the Digital Business Academy for very early stage entrepreneurs to Future Fifty for much later stage businesses, where revenues are more than £3M/year.
Tech City UK Builds Out Digital Business Academy and Celebrates a Year Since Launch
Building on the expert course content that has been already available, 3 new courses have been provided by current content provider, Founder Centric and Bristol-based content marketing specialist, Valuable Content.
In less than 12 months, more than 18,000 people from across the UK signed up to the programme, demonstrating the appetite for digital entrepreneurship across the UK.
The three new courses are as follows:
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We believe the UK is the best place to start and grow a digital business.
Through dedicated programmes, we support the digital technology sector’s need for skills, infrastructure, and investment. We gather and share vital information which informs policymakers. We give digital entrepreneurs a national and local voice.
Our work accelerates the growth of digital businesses, in London and across the UK, at all stages of their development. You can see our work in action with Future Fifty, Digital Business Academy, Tech Nation, the Tech City UK Cluster Alliance and HQUK.
We aim to make life better for the digital entrepreneur.
UK’s diverse tech ecosystem boosted by 15 new Future Fifty companies
The new intake (full list below) for the Future Fifty programme have been identified by a prestigious judging panel (included in the footnote) as some of the UK’s highest potential digital businesses for rapid, global expansion.READ MORE
We've unveiled the Tech Nation Visa Scheme
Want to hire the best and brightest overseas talent? Do you want to live and work in the UK, and have an impressive track record in tech? You might be eligible for our Tech Nation Visa Scheme (Tier 1 Exceptional Talent).READ MORE
Minister for the Digital Economy calls for public input on Digital Strategy
Digital Economy Minister Ed Vaizey on how Government is seeking ideas from public and industry on the UK’s digital strategy. Read more about the Government’s plans and how your ideas and opinions matter.READ MORE
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