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Tech Nation, the UK startup organisation, has launched its first programme since its funding from the federal government was controversially reduce in January final yr. It would deal with local weather tech startups.
Though by no means a authorities organisation, Tech Nation was a key participant in advancing the nation’s agenda to turn out to be a worldwide startup hub and its existence relied on authorities funding.
At first of 2023, it was confirmed that the UK’s Division for Digital, Tradition, Media and Sport (DCMS) had determined to offer £12m of grant funding to Barclays Financial institution. Tech Nation stated in an announcement that it could stop operations in March 2023.
Then, in April final yr, it was introduced that Founders Discussion board Group — based by Brent Hoberman and together with the Founders Discussion board occasions and VC agency Firstminute Capital — had acquired Tech Nation.
At this time, the brand new Tech Nation is launching its first programme — 24 local weather tech startups will be part of and shall be given coaching on fundraising, buying prospects and advocating for local weather coverage.
The businesses deal with decarbonising housing, materials innovation, reusable packaging and agritech and meals techniques.
This system is backed by HSBC Innovation Banking, an unique accomplice of Tech Nation.
Founders and buyers serving to to advise the startups embody Dhiraj Mukherjee, cofounder of Shazam, Marta Krupinska, fintech entrepreneur turned local weather tech founder, and Lubomila Jordanova, CEO of carbon accounting startup Plan A.
Alumni from earlier Tech Nation accelerators embody Monzo, Revolut, Depop, Darktrace, Skyscanner and Deliveroo.
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