Out of the 220,000 existing tech companies in the UK today, 10,764 are early-stage tech startups and eligible for the Rising Stars programme.
The competition final represented the culmination of a nationwide search to find up-and-coming tech startups with the potential to scale their businesses and ultimately become the market leaders of tomorrow. The London Grand Final saw the twenty finalists pitching their businesses to a panel of expert judges. Companies taking part in the competition have annual revenues up to £1.5m and have at least one active client or pilot.
A lot at stake
Each of the 10 chosen winners will receive a package of support worth over £4,000 that includes: one-to-one mentoring; introductions to potential partners and investors; a tailored public relations campaign; and tailored support from the programme sponsors which includes participation in an accelerator session created by accountancy firm BDODrive, £500 coupon for Microsoft Search Advertising and a 1:1 mentoring session with a member of the Bing team to boost their presence on the platform, as well as, 1:1 legal support from TLT LLP’s fast growth team. In addition, the winners will benefit from further pitch training, coaching and a host of networking opportunities.
Esme Caulfield, Competitions Lead at Tech Nation said: “We put together a package designed to provide tangible support to the winning businesses as they grow and make the transition from startups to scaleups, and tonight we saw some of the very best early-stage companies from all over the UK really embracing the challenge of the competition and rising to the occasion. All of the pitches were incredibly impressive. The judges had their work cut out to select the winners.”
The 2019 Tech Nation Rising Stars
Harwell | Tech for Good | @SerelayTech
Enabling mobile device users to capture verifiable photos and videos, and platforms receiving these to query them for authenticity of content, time and location.
Oxford | HealthTech & BioTech | @vitaccess
A platform that produces real-time data on how diseases and treatments impact patients’ everyday lives, based on tailor-made apps installed on their smartphones.
Around 150 tech industry leaders attended the event at the Rich Mix arts centre auditorium in Shoreditch, giving all the finalists an unprecedented opportunity to showcase their products, services and business plans, not just to the judges, but to a wider audience. Each startup had just three minutes in which to deliver a compelling pitch.
Mike Jackson, Entrepreneur Success Director at Tech Nation said: “The format of the competition reflected one of the key challenges that early stage businesses face. All of the founders we saw last night will have pitched their businesses before and they will do so again to either investors or potential business partners. The key is to encapsulate the company’s story, its offer and its market potential, while at the same time inspiring the target listener – whether that is a competition judge, a VC or a corporate buyer. Honing a good pitch is often critical to success and that’s why we have included further pitch training in the prize package.”
The next stage
The newest and most exciting competition for UK startups, Rising Stars has been created to provide a genuine launchpad for ambitious startups. In the coming months the winners will connect their businesses with mentors, coaches, investors and also – importantly – influencers. As such, the prize package offers winners not only behind-the-scenes support but also an opportunity to significantly raise the profile of their businesses both in Britain and around the world.
The view from the judging panel
Warwick Hill, Senior MD Europe, Microsoft for Startups and a member of the judging panel, hailed the winners and also praised the intentions of the Rising Stars competition.
“Microsoft for Startups was always very keen to be involved with this event,” he said. “Some of tonight’s winners will doubtless go on to become technology brands in their own right and others will partner with and solve problems for larger companies. Whatever route they take, they will benefit greatly from access to industry expertise. I’d like to congratulate all those who took part and wish them well.”
Lilian Li, co-founder of Diversity VC welcomed the scope of the competition.
“As an organisation, we are committed to promoting and creating a fairer and more diverse investment environment – one that reflects the diversity of the UK’s startup community. What was really exciting for us, was seeing a competition that not only reflected the diversity of this sector but which also gave all the companies who pitched, such a high-profile showcase.”
We would like to thank the Rising Stars programme sponsors TLT, BDODrive, Microsoft and Bing who share their expertise and experience, help advise the companies on a range of issues, and make the competition possible.