Two-thirds of startups supported by the Digital Growth Grant have had founders who are women or from ethnic minority groups, according to the director of Barclays Eagle Labs.
The Digital Growth Grant is a £12m scheme from the government through which a third party supports the development of new tech companies.
The grant was previously given to Tech Nation, however, in January 2023, the government awarded the two-year contract to Barclays Eagle Labs, a tech accelerator owned by the banking giant.
Eagle Labs previously told UKTN that its focus would be on supporting regional and diverse startups, initially aiming for 35% of founders supported by the group to be from diverse backgrounds.
Eagle Labs began deploying the grant in April 2023. Now, a year later, Eagle Labs director Amanda Allan told UKTN the group had surpassed its diversity goal by almost double, with 65% of startups backed coming from diverse backgrounds....