Tech leaders say there are 'too many accelerators' in the UK - Business Insider

simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.

Matt Clifford, CEO of Entrepreneur First, hit out at what he called Britain's "broken model" of startup investment schemes. The accelerators vary hugely in terms of the resources on offer, investing anything between £15,000 and £100,000 in schemes lasting from three to 12 months, usually in exchange for a percentage of equity. More than 150 accelerators currently operate in the UK — up tenfold since 2009 — offering a combination of contacts, mentorship and financial backing to entrepreneurs building up their businesses from scratch.

According to the latest research by Nesta, an innovation foundation, around half of the UK's accelerators receive funding from larger corporations. Nike, EDF Energy and British Airways are among the big businesses that have launched their own schemes in the name of innovation. Scott Campbell, director at Deloitte Ventures, suggested too many investors were engaging in "innovation theatre", offering the illusion of success with few tangible results.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

10 things in tech you need to know today - Business InsiderUber is paying $4.4 million to settle federal charges that workers experienced a 'culture of sexual harassment.'
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Europe's top court rules Airbnb is a tech platform not an estate agent - Business InsiderAirbnb scored a major victory as Europe's top court rules it's an online service and not a real estate agent in disguise 🔥
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

10 things in tech you need to know today - Business InsiderBusiness Insider found where Amazon is building a factory to make internet satellites, and over 3,000 Ring users' passwords were leaked online. This is the 10 tech news you need to know this Friday.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

SEC probing listings of Slack and other tech unicorns on the NYSE: WSJ - Business InsiderThe probe is focusing in particular on how trading was handled on the first day the company went public, a report from The Wall Street Journal says. Maybe the SEC dislikes direct listings vs IPOs. Wonder why? 👀
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

UK consumer and business morale touched five-month high before election: surveysConfidence among British consumers and businesses rose to the highest level in f... zobaczymy za parę lat
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »