Wales’s finest tech start-ups take on London
A group of fast-growing technology start-ups from Wales are embarking on a trade mission to London in a bid to raise more private investment.
The group of businesses includes an app that aims to save lives by supporting healthcare professionals, a website translation service and a fintech company.
They’re just a small handful of innovative Welsh start-ups looking to make their mark on London by bidding for investment and support at the Digital Catapult Centre on October 13th.
Innovation Point, the company looking to bring cutting-edge opportunities to Wales, is responsible for organising this trade mission. It wants to help stimulate the growth of these firms.
Wales is already home to online giants such as Confused, GoCompare and MoneySupermarket, and its community of innovators and tech firms is quickly growing.
According to the most recent Tech Nation report, released by TechCityUK, the digital sector is worth around £600 million to the Welsh economy. As well as this, it employs more than 43,000 people.
The Welsh cities of Swansea and Cardiff form part of one of Britain’s biggest tech clusters when it comes to digital salary growth (21 per cent between 2012-2015) and GVA growth (94 per cent since from 2010-2014).
Funding, however, has remained a common issue for technology companies in the region. Next week’s trade mission aims to tackle this problem head-on and help the firms rival with peers from digital hubs like London.
The line-up of businesses includes Amplyfi, Delio, DevOpsGuys, Echosec, Elidir Health, Interceptor Solutions and Learnium, all of which are putting Welsh tech on the map.
David Warrender, chief executive of Innovation Point, said: “Tech entrepreneurs tell us that they find access to funding and identifying partners difficult.
“Innovation Point is addressing this issue by supporting the best and brightest technology businesses and creating connections with the individuals and businesses who can nurture the game-changing technology coming out of Wales.
“The businesses joining us in London to pitch for investment are shining examples of the kind of disruptive, groundbreaking ideas Wales has to offer and we’re confident the event will be a rewarding one.”
The event will take place at 4.30pm on 13 October, at the Digital Catapult Centre in Euston Road. Investors wishing to attend should register at: bit.ly/2cUwqIg