Today the Government has revealed the first group of UK tech companies to join its Future Fifty programme.
London startups have lead the way taking more than half of the places available.
16 out of the 25 startups are based in London, with an additional 5 having offices in the capital.
Originally launched by Chancellor George Osborne back in April this year, the scheme will take some of the strongest startups from across the country and connect them with successful entrepreneurs.
Just some of the London businesses involved include Zoopla, Mind Candy, Huddle and Hailo.
The programme was aimed at startups in a key stage of their development, which include the likes of Mind Candy.
Hailo, mobile taxi app, have expanded into 15 different cities and recently received $30 million in Series B funding before opening up in New York.
Housetrip, the holiday rental website have also been selected to join the programme.
Next liquidity milestone
The Future Fifty programme aims to help these businesses prepare towards their next financial milestone.
Through a mixture of public and private support, the year long programme is also designed to help growth, create additional jobs and contribute to the economy.
However no details of exactly how these companies will be supported have been revealed.
The Government states the companies were chosen through quantitative and qualitative analysis by a 13 strong panel consisting of VCs, capital investors, lawyers and accountants.
Additional applicants available
According to research published by NESTA, 54% of all new, high value jobs are created by just 6% of businesses in the UK.
Prime Minister David Cameron commented on the scheme saying:
“The Future Fifty programme is action that will help these businesses to grow and achieve their potential, and help us to compete and thrive in the global race.”
Applications for the additional 25 positions are available from today.
More information on how to apply can be found at www.futurefifty.com.
The full list of successful applicants can be found below:
● Skyscanner – the world’s fastest growing international travel search company.
● Onefinestay – a service that helps city travellers stay in homes appointed with all the creature comforts of a hotel in London, Paris, New York and Los Angeles.
● Omnifone – an independent business-to-business provider of global cloud-based digital music services.
● Neomobile – a global Mobile Commerce Group providing mobile payment and advertising services.
● Mind Candy – an entertainment business delivering experiences both online and offline including toys, books, magazines, music, trading cards and movies.
● MADE.com – an online designer furniture retailer working with 40 world-wide designers and collaborators to create exclusive designs.
● Lyst – a personalised fashion marketplace that gives millions of people that personalised shopping experience every month.
● Just Eat – a site which uses proprietary technology to offer an on-line ordering service for the restaurant industry in thirteen countries around the world.
● HouseTrip – one of the largest holiday rental websites in the world, offering holidaymakers and holiday home owners a safe and easy-to-use platform to find, book and list holiday apartments, houses and villas.
● Green Man Gaming – the social commerce platform for core gamers which combines an automated game tracking community with a robust digital E-commerce platform.
● Farfetch – an online fashion brand and shopping site which brings together a network of global partners including European and North American multi-brand designer boutique.
● Box – a cloud based data provider that connects people with their most important information.
● Acturis – an innovative, cloud based Software as a Service platform transforming the commercial insurance industry.
● Calastone Limited – an independent cross-border transaction network for the global funds industry.
● Hailo – a free smartphone app which ‘hails’ taxis, putting people just two taps away from licensed taxis at all times.
● Horizon Discovery – a UK biotechnology company that combines a long scientific heritage in translational research with a world-leading gene-editing platform.
● Huddle – a cloud content collaboration service used by government organisations and enterprises worldwide.
● Lumimobile – employs world class patented technology to empower business insight and engagement through mobile devices.
● Mimecast Services – delivers cloud-based email management for Microsoft Exchange and Microsoft Office 365, including archiving, continuity and security.
● Repknight – an open source intelligence (OSINT) platform, sold only to government security services and police forces.
● Zopa – a peer to peer lender, matching borrowers looking for low rate loans with savers who want higher interest rates on their returns.
● Secret Escapes – the UK’s flash sales site for luxury travel, saving members money luxury hotels and holidays.
● Skimlinks – creates native monetisation solutions for publishers, rewarding them for any e-commerce they drive by turning product links and product references into easily tracked affiliate links.
● Synthesio – a social media monitoring company, helping brands and agencies listen to, understand and engage with consumers.