UK Startup Digest: Sept-Oct 2012
A glance at top news for UK startups – awards, government announcements, investment and opportunities from across the UK startup world.
Benefitting from the Facebook Economy: Facebook Engineering Office Comes to London
Following on from our recent post (Turn On, LinkIn and BranchOut) about BranchOut’s success as a Facebook-fed startup that can help UK entrepreneurs, Facebook’s recent announcement is a huge new investment to London, adding to the TechCity (and outer London) projects that are showing – the UK is hot for startup investment (also previously covered by InsideStartups – Is Where It’s Not At Where It’s At?).
“Facebook, citing data from Deloitte, says that the Facebook ecosystem has already contributed to the creation of 35,200 jobs in the UK (and only 30,000 hours of time wasted at work checking your FB account.. I kid!) Some 7,500 of those jobs are in the area of creating and monetizing Facebook apps, worth some £500 million annually.”
From TechCrunch (Facebook R&D Goes Global: Opens Engineering Office In London, Its First Outside The U.S., 16th October 2012)
UK Startups & Mobile: Benefit From The Growing Adoption of Smartphones and Advertising Revenue
UK mobile adoption is fueling a sharp rise in mobile ad revenue, this news signals two things – firstly it’s time to start considering advertising your startup to early adopters (and now the majority), but also the significant linked growth in the mobile startup sector in the UK. Is it time to ensure you are optimised for tablets and smartphones? Or is now the time to look at founding a mobile-based startup?
“The rising tide of smartphone adoption in the UK has been a significant boon to the mobile advertising industry. In just four years, the mobile ad spending has risen 2000 percent from £25 million ($40 million) in 2008 to an estimated £500 million ($800 million), according to a new report.”
From TNW (Mobile ad revenue in the UK will swell to $800m this year: Report, 9th October 2012)
Crowd Sourcing Hero Site Kickstarter Launches in UK
The $10 million-backed crowdsourcing site for startups was founded in 2009, as of the 31st October 2012, it’s opening it’s doors to UK based entrepreneurs to post ideas/proposals and attract investors:
“Beginning today, people in the UK can get started building their projects by clicking on the ‘Start a new project’ button on the Start page and selecting the UK as their country.”
UK Startup Young Role Models: Young Guns 2012 Awards
The 10th annual Growing Business Young Guns Awards saw 45 UK young entrepreneurs from 30 companies recognised for incredible achievements spanning a wide range of UK startup industries – from agency startups, to fertility monitoring services, to hotels and app developers.
“The CEOs, managing directors and co-founders far exceeded the entry requirements of £1m turnover and/or £250,000 worth of funding, boasting an average turnover of £7.1m and £4m worth of investment.”
From Growing Business (UK’s brightest entrepreneurs aged 35 and under revealed, 17th October 2012)
From UK Startup to IPO: Government Make Further Commitment to Tech Sector
The UK Government announced a commitment to fast-tracking high-growth tech companies to IPO through the London Stock Exchange. This stands as not only a potential catalyst for company growth, but also job creation and building the UK even further as a tech hub within Europe.
“There is a rich crop of innovative European high-tech companies that will be going to the financial market over the next few years. We’re determined to make sure that as many as possible should do an IPO and float in the UK, not elsewhere.”
From Wired (Government to make London IPOs easier for tech companies, 20th September 2012)