Here’s your weekly round up of news about startup competitions, awards, co-working spaces, accelerators and any other exciting things happening in the UK tech sector.
TrueStart calls for applications
TrueStart’s will stop accepting applications for its Summer Collection at midnight on 23rd April.
TrueStart is offering £80,000 in exchange for 8% equity (which includes a £30,000 service fee) or a zero-cash deal for a 3% warrant, whereby firms will get mentorship, support and access to investment fund and accelerator’s network.
TrueStart portfolio companies are also provided with desk space in TrueStart’s Hub in Victoria.
Just Eat’s FoodTech cohort
Just Eat has selected the five FoodTech startups that will participate in its new Seed Programme.
Innovate Finance CEO Lawrence Wintermeyer steps down
Each startup will receive a £20,000 investment in each company.
The startups are:
· Buzzer – lets restaurants harness feedback to drive operational change and find out what their customers are thinking privately and in real time, meaning they can reward staff accordingly and ensure customers have a consistently great experience.
· Nourish’d – aims to positively affect the health of society by helping companies subsidise the cost of healthy meals for their staff and deliver nutritionally balanced meals to your offices every day.
Edinburgh-based EdTech startup Sumdog gets £1.4m
· MyBaker – helps independent bakers and home bakers share their craft with customers looking for something special.
· Qincho – a collaborative, research-driven centre for the future of food. Its mission is to scale the impact of new food and agricultural technologies on sustainability through enabling networks, empowering innovators and educating policy-makers.
· Sure – sources and stitches influencer data from multiple sources and extracts personalised recommendations using machine learning and AI.
Stuart Mainwaring, head of ventures at Just Eat, said: “Just Eat’s mission is to create the world’s leading food community. Our Accelerator and Seed programmes play a critical role in our efforts to develop a thriving Food Tech ecosystem in the UK, as we make investments in innovation and big ideas that will help drive forward this fast-growing sector in a sustainable way.
Essex-based PropTech firm eMoov gets £9m Series B
“Much like our successful first programme, the next 12 weeks will involve an intensive schedule full of challenges and opportunities to help these five fabulous start-ups learn and grow. They have each shown outstanding attributes – and huge potential – to stand out from a large crowd of applicants, so we’re excited to see how they continue to develop on our programme,” Mainwaring concluded.
A £10,000 FinTech win
Cybersecurity firm GuardSquare won £10,000 in cash during Innovate Finance’s Global Summit, held in London last week.
Guardsquare will also receive a complimentary membership to Innovate Finance.
The company beat other contestants working across AI, blockchain, cross-border payments, cybersecurity, financial inclusion, personal finance and RegTech.
Heidi Rakels, CEO of GuardSquare, said: “I want to thank the organizers for giving me the opportunity to present GuardSquare to the international audience present at IFGS 2017. Innovate Finance manages year after year to assemble the most influential people in the FinTech field, the people that work hard to revolutionise the financial world. I didn’t think a security company would be able to win the Pitch360 competition.
“The fact that we did shows that FinTech companies and financial institutions are increasingly aware of the importance of security. I am convinced that the development of innovative technology should go hand in hand with the development of advanced security solutions. That is the only way innovative technology can be truly successful in the long run,” she added.
Intruder shines at Securing the Nation
The competition, which is the latest in a series by the BT Infinity Lab, was launched earlier this year to find innovative small and medium enterprises (SMEs) who can create solutions to help consumers and businesses stay safe online.
Intruder was co-founded by ex-hackers Chris Wallis and David Robinson in London just two years ago.
The company promises to alert businesses when their online estate becomes vulnerable to attack and offer practical steps to fix any problems.
Bath-based startup goes to Seattle
Cognisses has been picked to attend Microsoft’s Global Startup Roadshow in Seattle next week alongside other 14 startups from across the globle.
The firm seeks out to improve the way in which companies and recruiters operate by using a mix of neuroscience and predictive AI.
That’s all for today … see you next Friday!