Last week saw Sadiq Khan launch a major new initiative to provide a boost to the tech sector in the capital. Announcing the programme at WIRED Live, he confirmed that City Hall intends to fund 20 investment days across the next four years. The Mayor will have full funding support from the UK Business Angels Association following their promise to match the Mayor's contribution.
These investment days are vital to the UK tech sector, with over £140m raised through existing TechInvest days.
The Mayor announced that the Greater London Authority will be
investing £280,000 into the events programme, however this will be doubled
following the UK Business Angels Association's announcement that they will
match it. The events schedule will focus on different aspects of the
tech sector over the next few years, allowing funding to reach a wider
tech audience. The programme will also offer coaching for business leaders, who
will be connected to experienced investors in the industry.
Jenny Tooth, CEO of the UKBAA, said: "The Mayor's
new campaign reflects the huge range of innovative technologies,
products and services being developed here in the capital; and demonstrates a
strong capacity for scale and market disruption. UKBAA is delighted to continually
support and highlight the success stories of the fantastic entrepreneurs in
these sectors, as well as recognising the contribution made by their
investors who bring such vital finance and support. At UKBAA, we will
continue to support the UK's tech growth with capacity building
actions, including new regional Angel Hubs, combined with our new national
e-learning programme on angel investing."
