Tech City UK has unveiled its 2017 cohort for the Future Fifty programme, comprising 26 forward-thinking companies.
These firms are poised for rapid growth, benefiting from invaluable networking opportunities, expert-led workshops, and an enhanced presence in the tech sector.
Objective and Impact of the Future Fifty Programme
The Future Fifty programme by Tech City UK is designed to support the fastest-growing tech companies in the UK. Offering a comprehensive platform for networking, expert guidance, and increasing visibility, it aims to propel these companies into mainstream success. Since its inception in 2014, the programme has seen five companies complete IPOs, significantly impacting the tech industry.
The success stories include notable mergers and acquisitions such as SwiftKey’s acquisition by Microsoft and Skyscanner’s by Ctrip. The programme’s alumni have collectively raised over $3.8 billion, demonstrating its profound effect on the growth trajectory of its participants.
New Entrants of 2017
The 2017 batch of Future Fifty firms includes companies like Azimo, Blis, and Bloom & Wild. These entrants are recognised for their innovative approaches in sectors ranging from fintech to e-commerce. Each company brings a unique contribution to the table, aiming to scale rapidly and impact the global market.
For instance, Azimo is revolutionising international money transfers by allowing users to send money globally with ease, while companies like Blis are pioneering in data-driven advertising solutions. Such diversity underscores the strength and potential of this year’s selection.
Diverse Achievements and Capabilities
The selected companies, such as LoveCrafts and Swoon Editions, exemplify the diverse spirit of British innovation. LoveCrafts, an online marketplace for crafts, expands beyond tech to showcase creative British entrepreneurship.
Companies like ClearScore and Carwow highlight how technology can merge with everyday needs, offering services in credit score management and car purchasing respectively. This variety further demonstrates the programme’s inclusive approach towards different tech-driven solutions.
Through innovative business models and strategic growth, these companies aim to redefine their respective industries, leveraging technology as a fundamental driver of change.
Expert Evaluation and Support
The selection process for the Future Fifty is rigorous, involving esteemed judges with substantial experience in tech entrepreneurship. These judges identify companies with the most potential to nurture into significant business entities, ensuring a high level of competitiveness.
Greg Clark, Secretary of State for Business, Energy and Industrial Strategy, affirms the programme’s importance in transforming burgeoning businesses into household names. The programme has crafted a nurturing environment for innovation and commercial growth.
Alumni Success Stories
Past participants like Just Eat and Zoopla are now prominent names, demonstrating the programme’s efficacy.
Their success serves as inspiration for this year’s entrants, illustrating the tangible benefits and potential heights achievable through the support of the Future Fifty programme.
Future Outlook and Prospects
The continuous success of the Future Fifty programme points to a promising future for British technology companies on the global stage.
This year’s diverse intake reaffirms the UK’s position as a hub for tech innovation and entrepreneurship, promoting a sustained culture of growth and success.
Conclusion
The Future Fifty programme continues to be a cornerstone in the development of tech companies in the UK. By fostering an environment of innovation and support, it paves the way for companies not only to grow but to thrive internationally.
The Future Fifty programme remains integral to the success of emerging tech firms. It supports their growth and helps establish them as leaders in the global market, reaffirming the UK’s status as a technological powerhouse.
Tech City’s initiative exemplifies effective nurturing of innovation, ensuring these firms achieve long-lasting impact and success.