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Startup News UK 2016 Review - November and December

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by Startacus Admin

With our UK Startup review of 2016 almost up to date, we return for the last time to cover the key Startup happenings and news stories that occurred during the last two months of 2016...

In September and October we covered, amongst other things, UK Startup happenings involving UK Startup Accelerators and competitions, key Startup Investment deals that made the news, the impact of the National Living Wage on small businesses, and of course the continued fall out of the BREXIT vote from June.

Onto the start of November and with a certain vote about to happen over in the States, we start with the news that perhaps trumped all others…

US Tech Startups and the US election

November

  • So over in the States The Donald’ Trump won the US election. If you’ve read / heard / scanned the news over the last couple of months that news will not come as a surprise. Our focus here is on the reverberation that was felt in the startup / tech scene in the US and more notably in the UK (this is is a UK Startup focused review after all) at ‘The Donald’ win.

  • Startup / Tech industry anger at the Trump win was in some cases demonstrated quite openly, with for example, Dave McClure Founding Partner of 500 Startups venting quite passionately on stage at Web Summit in Lisbon about Trump Winning the Election.

  • However one piece of editorial via Techcrunch, (suggested by a serial founder) compared Trump to a startup that had disrupted the establishment - a fair analogy to make if you think about it.

  • Back in the UK, the BREXIT conversation was never far away, with for example, City AM suggesting that Britain must raise its game on innovation to make a success of Brexit. Sadly the conversation at the top of Government often only seemed to rotate around the phrase ‘BREXIT means BREXIT’ and detail on plans and specifics appeared lacking. With government policy on immigration likely to change due to the BREXIT leave vote, the news in the Autumn statement from the Chancellor that there would be a £400 Million investment into the London Tech startup scene, was by some, rounded upon, as whilst capital in startup-world can be key, there is a clear lack of skills and UK talent to fulfill the immediate need for a skilled workforce to grow those Startups - hence why an International workforce in the startup / tech scene remained and remains an immediate concern for many.

Startup Investment news UK

Moving away from Trump / BREXIT / politics…

  • Friends of the Earth launched a digital Startup in Residence programme that offered a startup the opportunity to win 6 months free residency in its office in London.

  • The Great British Entrepreneur Awards 2016 took place - winners included, Eco Entrepreneur of the Year – Laurence Kemball Cook of Pavegen, Creative Industries Entrepreneur of the Year – Rosie Davies, from London Fashion Agency, Entrepreneurs’ Champion of the Year – Matt Gubba of Biz Britain, Innovation Entrepreneur of the Year – Jason Trost of Smarkets, Intrapreneur of the Year – Matt Asman from CISCO and overall Great British Entrepreneur of the Year – Shaun Pulfrey of Tangle Teezer.


Station F - Paris

December

  • In December the UK's first university campus VC firm launched with a £2m fund - Campus Capital launched with the aim of building early stage, high growth investment funds in partnership with some of the UK's leading universities. Funds would be based on campus and part-run by active students with the guidance and supervision of the Campus Capital board.

  • Finally to round off a year in UK Startups we list some of the standout Investment deals that happened throughout December…

With that, we are all done - happy New Year and roll on 2017!

Now...why not catch up with the rest of the UK Startup news in 2016...

Startup News UK 2016 Review - January and February

Startup News UK 2016 Review - March and April

Startup News UK 2016 Review - May and June

Startup News Review 2016 - July and August

UK Startup News Review 2016 - September and October 


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Published on: 5th January 2017

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