This article was originally posted on the Tech City UK website.
Today we’re announcing 33 companies joining Upscale in 2017. The Upscale programme from Tech City UK will power some of the fastest growing UK tech companies on their scaling journey.
Upscale is Tech City UK’s six month programme to help the most promising early stage startups to begin their scaling journey, under the mentorship of some of the UK’s most successful tech entrepreneurs including: Riccardo Zacconi (KING.com/Candy Crush founder); Martha Lane Fox and Brent Hoberman (Lastminute.com founders); Lesley Eccles, (FanDuel founder); and David Buttress (Just Eat founder).
Broad sector representation:
The Upscale companies represent a wide spread of sectors and reflects the UK’s strength in certain areas, for example in FinTech and eCommerce. The increasing importance of sectors like data analytics and marketplaces is also evident.
Companies addressing both consumer/ business markets: 39%
Consumer facing companies: 18%
Almost a third of the companies selected come from outside London, showing that the UK’s tech sector is creating jobs and opportunity nationwide. The full contribution of the UK’s digital and tech sector to the UK economy will be revealed by Tech City UK in the coming weeks when it publishes its Tech Nation 2017 report, publishing the statistics and stories behind the rapidly expanding digital economy. Companies from outside London include Cambridge Intelligence (Cambridge), Cronofy (Nottingham), LivingLens (Liverpool) and DueCourse (Manchester).
Jos Smart, Upscale Programme Lead, said: “One of the objectives of Tech City UK is to accelerate the growth of the country’s digital tech sector. The companies joining Upscale today have already overcome significant hurdles and have brilliant futures ahead. It’s great to see so many sectors represented in the cohort, demonstrating the great diversity this country has when it comes to digital technology. We’re excited to work closely with the Founders and C-Suite of each company over the next six months as they scale their respective businesses to the next level.”
“It’s particularly great to see four fantastic female founders – Tania Boler, Tamara Rajah, Tugce Bulut and Emily Brooke – amongst the new intake but the industry needs to work harder to make sure that women are getting to senior roles in the sector. There are many successful women in tech and we must promote these role models and inspire more girls to consider tech as a job where they can build an amazing, global career that can change people’s lives.”
Eileen Burbidge, General Partner of Passion Capital and Chair of Tech City UK, said: “We welcome the next cohort to our Upscale programme. They can be confident that some of the most experienced, brightest minds in the tech ecosystem will be helping them to build their business over the coming year. We would like to thank all our partners and supporters who have helped to put together the programme and make it what it is by devoting time and effort to coaching and mentoring these young businesses.”
Tania Boler, CEO and Founder ofElvie, which develops wearable technology for women, said: “I’m extremely excited about taking part in Upscale. Our company is poised on the brink of making huge breakthroughs and I’m looking forward to learning more from the Scale Coaches and from sharing experiences with my fellow companies. We really want to make a mark with Elvie in 2017 and I’m certain Upscale will help us do that.”
Carl Wong, CEO of Liverpool-basedLivingLens, which provides brands and agencies with a way of searching and using hours of video content, said: “Joining Upscale is a huge opportunity for our company and I’m excited about exchanging ideas and inspiration with people who are at the same stage of growth as us.”
As part of the programme, the 33 Upscale companies will work with experienced and recognised Scale Coaches. This year, some of the graduates of Tech City UK’s first Upscale programme will return to mentor the new intake, demonstrating one of the strengths of the UK’s tech ecosystem where successful companies work hard to help the next generation.
Companies will take part in as many as 30 sessions and socials, that are designed around their specific needs. The challenges discussed will include maintaining team morale, managing the board, raising future funds and taking the company global.
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