London-based Tech Nation is Relaunching with £10 billion in Private Investment. Carolyn Dawson OBE, London Tech Week lead and CEO of Founders Forum Group, unveiled the plans as part of a keynote address at the official opening of Birmingham Tech Week.
Dawson highlighted her goals for the startup champion’s expanded future, including the desire to arrange £10 billion in investment and a resolve to guarantee that 50% of Tech Nation’s UK startup network is located outside of the capital.
Tech Nation, which assisted companies including Monzo, Revolut, and Ocado, closed its doors earlier this year after losing its government grant funding—which had been its main source of income—to Eagle Labs, a tech business incubator operated by Barclays.
In April, the business network Founders Forum Group—owned by the co-founder of Lastminute.com—purchased it. Since its inception in 2014, the formerly government-funded organisation has played a crucial part in the UK’s innovation economy.
Support for disability-related startups and technology:
Tech Nation will also launch a pioneering network for disabled founders and founders creating innovations for the disabled community, backed by Motability Operations.
What this community really entails in terms of hiring, funding, mentoring, or other types of help is unclear, and it is also unknown whether Tech Nation will make an effort to ensure that handicapped persons are represented in all intake cohorts.
Speaking at the launch, Dawson said: “The new Tech Nation will champion the startup scene – advocating for its needs, supporting international reach and fuelling the investment that will create the next generation of unicorns. “We will help startups from Inverness to Eastbourne to develop global reach, finding opportunities, investment and advice across Europe, North America and Asia. And we will facilitate £10 billion of private investment into startups in the next five years.”
Founders Forum Group co-founder and Chair, Brent Hoberman said: “The time is ripe for a new champion for the most exciting new businesses. We will fight for their needs, not only by representing the interests of founders with government, but also by helping them to build connections and grow from startup to scale-up. “In a tough funding environment, we will help the UK continue its momentum as the European magnet for technology entrepreneurs.”
About Tech Nation
A key growth platform for UK tech companies is called Tech Nation. It promotes the expansion of game-changing entrepreneurs, managers, and scaling businesses so they may enhance economies and societies. Through growth programs, events, studies, and insights, the company offers coaching, information, and community.