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NEWS - ENTREPRENEURS & STARTUPS

NEWS - ENTREPRENEURS & STARTUPS

Flexible working and praise help productivity, shows research

Flexible working and praise help productivity, shows research

There are many ways businesses can boost employees' productivity for little to no financial outlay, new research shows.

Financial rewards remain the best way of boosting productivity among employers, but there are a number of other measures small businesses can use to make staff work harder.

This is according to new research from Office Genie, which identified a good night's sleep, positive feedback from managers and flexible working hours as three factors that raise productivity among a workforce.

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London and New York best at fostering innovation

London and New York best at fostering innovation

New research shows that the cities of New York and London provide the best environment for fostering innovation and entrepreneurship.

New York and London are the top two cities for fostering innovation and entrepreneurship, according to a new report. The research, published by innovation charity Nesta, Accenture and the Future Cities Catapult, sought to measure how well a city strives to support budding businesses in the tech community.

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India to create IPO platform for startups

India to create IPO platform for startups

Market regulator of India, Sebi, will create a platform to help startups get listed and raise funds.

India’s market regulator, the Securities and Exchange Board of India (Sebi), will be implementing new changes to help startups access funding and go public. The plans will embrace current technology to create a new electronic system for startups that wish to embark on their initial public offering (IPO).

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Best British tech startups grow six times faster than UK businesses

Best British tech startups grow six times faster than UK businesses

The UK’s hottest tech startups part of London Tech City’s Future Fifty are growing at six times the rate than other UK businesses.

Startups that are part of Tech City’s Future Fifty, some of the UK’s leading digital businesses, have been found to be growing at a rate that is six times faster than the national average.

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UK SME growth rate at highest level since 2008, says report

UK SME growth rate at highest level since 2008, says report

Small businesses in the UK are growing at their fastest rate in seven years, says Enterprise Research Centre report.

The UK’s population of small and medium-sized enterprises (SMEs) is growing at its fastest rate of growth since the financial crisis in 2008, according to new research.

Published today, June 17th, the Enterprise Research Centre’s (ERC’s) report claimed that the private sector in Britain saw more than 600,000 new jobs added in 2014. Small businesses in the UK have now regained “the ground lost” in the recession as the economy continues to flourish.

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Lloyds plans £1.2 billion boost for UK mid-sized firms

Lloyds plans £1.2 billion boost for UK mid-sized firms

Lloyds Development Capital announces plans to invest £1.2 billion in UK middle-tier businesses over the next three years.

The private equity division of Lloyds Banking Group, Lloyds Development Capital (LDC), has recently detailed its plans to invest £1.2bn in medium-sized businesses in the UK over the next three years.

These plans will aim to boost growth in the British “Mittelstand” companies and the economy also, according to LDC.

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Business leaders call for SME hub outside of London

Business leaders call for SME hub outside of London

Nine out of ten SME directors would support the creation of an SME hub outside of London.

The creation of a small and medium enterprise (SME) hub would be “beneficial to the UK economy”, according to a new AXA report, and nine out of ten (89 per cent) SME directors would support it. Furthermore, 93 per cent see a demand for a non-London-based hub to “create an environment for growth for small businesses”.

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HSBC aims to ramp up SME lending

HSBC aims to ramp up SME lending

The UK’s largest bank has set aside £8 billion in order to offer SMEs a helping hand.

Lending to small and medium-sized enterprises (SMEs) will be given a welcome boost as HSBC sets up a new £8 billion fund. The bank also plans to do away with some of the many fees on business loans that firms incur in order to support smaller companies that can ill afford them.

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How SMEs can find their place in a rapidly globalising world of business

How SMEs can find their place in a rapidly globalising world of business

In an increasingly globalised marketplace, companies must adjust to operating internationally. How does this changing economic landscape affect SMEs?

New customers are the key to the expansion of any organisation. And by capitalising on readily available new technologies, social media integration, web conferencing and e-commerce, small and medium-sized enterprises (SMEs) have the chance to reach more people than was ever possible before this digital boom.

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Santander backs mobile payments start-up MyCheck

Santander backs mobile payments start-up MyCheck

Mobile payments start-up, MyCheck, secures $5 million in Series B funding led by Santander.

MyCheck, the mobile payments service, completed its second round of funding, resulting in $5 million of investment for the start-up. 

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TV show to follow young tech entrepreneurs in Silicon Valley

TV show to follow young tech entrepreneurs in Silicon Valley

Channel 4 show ‘How to be a Young Billionaire’ will follow three young entrepreneurs attempting to make their multi-billion pound start-up dreams come true in Silicon Valley.

The three entrepreneurs on How to be a Young Billionaire - Josh, Julia, and Robyn - are all in their twenties, with big ambitions. Josh is working on a game, but needs an investment of $5m to complete it; Julia has created an app for teenagers to share secrets and wants to grow her user base; and Robyn is attempting to move her lesbian dating venture to the USA.

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New tech funding to boost startups in the North

New tech funding to boost startups in the North

UK chancellor George Osborne’s £11 million budget pledge will support new technology companies in the north of England.

The budget investment pledge for incubators is a welcome investment for startups in places like Manchester, Leeds, and Sheffield, which have seen huge rates of growth in the technology sector.

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New research illustrates challenges faced by UK SMEs

New research illustrates challenges faced by UK SMEs

A major poll from the Forum of Private Business offers insight into the challenges faced by UK SMEs.

Research published by the Forum of Private Business has indicated that the growth of UK’s small and medium-sized enterprises (SMEs) is stifled by the growing costs of doing business. 

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New business accelerators planned for UK regions

New business accelerators planned for UK regions

The launch of three new business accelerators is planned in Bristol, Leeds and Brighton.

Three new business accelerators will open in Bristol, Leeds and Brighton, offering free services to 80 entrepreneurs in each city. The programme comes from Entrepreneurial Spark in conjunction with NatWest, and builds upon the success of their first accelerator in Birmingham earlier this year.

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Dell offers residency at HQ for startup competition winner

Dell offers residency at HQ for startup competition winner

Dell is launching a competition to search for their next ‘Startup-in-Residence’.

Computer giant Dell has begun the search for an innovative early stage startup to take up residency at its UK headquarters as part of its latest Startup-in-Residence initiative.

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Research shows Easter holidays cost home-run businesses £220 million

Research shows Easter holidays cost home-run businesses £220 million

Do holidays have an adverse effect on work-from-home entrepreneurs? We look at the positives and negatives of home-run businesses.

According to the BIS Business Population Estimates and BIS Small Business Survey, there are around 2.9 million UK residents running businesses from home.

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Many online marketplaces earning over £1 million, says report

Many online marketplaces earning over £1 million, says report

How a number of e-commerce sellers have become millionaires.

Online marketplaces foster a growing number of e-commerce businesses, and some are finding staggering success.

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FundBox raises $40m to invest in SMEs

FundBox raises $40m to invest in SMEs

An alternative lending startup has received $40 million in Series B round funding.

The rise of financial tech startups has been a hot topic of late as a number of schemes, both government and private, have been set up to support these budding new businesses. However, few small and medium-sized enterprises (SMEs) take it upon themselves to raise money in order to fund others - but that’s what FundBox aims to do.

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London startups to reach record levels, says research

London startups to reach record levels, says research

Recent research has shown that the London startup scene is likely to grow to record levels in 2015.

A combination of research from Startup Britain has highlighted that UK startups enjoyed a record-breaking year in 2014, particularly in the London tech sector, which bodes well for their performance in 2015.

Startup Britain, run by the Centre for Entrepreneurs think tank, found that 581,173 businesses were registered with Companies House in 2014, which easily surpassed the previous record of 526,446 in 2013. Furthermore, nearly a third (32 per cent) of these businesses were set up in London, illustrating the importance of the UK capital as a hub for entrepreneurial activity.

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Top 3 SME expectations from 2015 UK general election

Top 3 SME expectations from 2015 UK general election

What are the three top expectations that UK SMEs will be looking for after the results of the general election?

Ahead of the election, promises are already being made as political parties attempt to secure the support of small and medium-sized enterprises (SMEs) and the 50 per cent of the private sector that they employ.

The main difference in this year’s general election is that this time round, the UK’s small business community knows what it wants and has voiced its expectations for what the new government should bring.

So what is it that they will be looking for?

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49 new tech start-ups per day coming from China’s Silicon Valley

49 new tech start-ups per day coming from China’s Silicon Valley

The number of new tech start-ups coming out of China’s Silicon Valley rises to 49 every day.

 

China’s technology hub, Zhongguancun, is producing 49 new start-ups every day, according to Wan Gan, the minister of science and technology in China.

Speaking at a briefing for the National People’s Congress in Beijing, Mr Wan outlined how the region now has over 1,600 technology incubators, making it no surprise that entrepreneurs are flocking to the area. 

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UK fintech startup competition seeks to further financial literacy initiatives

UK fintech startup competition seeks to further financial literacy initiatives

Financial institutions seek startups to deliver cutting-edge, innovative solutions in The Future of FinTech competition from Innovate UK.

The latest competition to hit the FinTech scene comes from Innovate UK’s IC Tomorrow program and works with some of the industry’s leading financial firms. It challenges startups and small businesses to come up with commercial, creative and technical innovation that deals with any of a range of themes, such as financial literacy and compliance.

 

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The 5 top cities in Latin America for startups

The 5 top cities in Latin America for startups

Five of Latin America’s best hubs for starting a new online-driven small business.

The past ten years has been witness to an entrepreneurial boom in Latin America and is fast becoming a rival to counterparts in America and Europe, according to a recent press release from Dafiti.

As internet and mobile technology sweep the continent, there are a huge number of opportunities for startups, not to mention the added benefit of excellent funding programs and networking potentials.

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Startup Gathering event to showcase entrepreneurship in Ireland

Startup Gathering event to showcase entrepreneurship in Ireland

A weeklong gathering is coming to Ireland to showcase startup sector to over 15,000 people.

The Startup Gathering will be a national week in Ireland of over 50 events in five different cities, with the goal to promote entrepreneurship by showcasing the startup sector to more than 15,000 people. During the five day long program in October, Startup Ireland, the not for profit organisation, will lead the event in partnership with the Bank of Ireland.

With a theme of “Start, Scale, Succeed from Ireland” the initiative forms part of the Government’s Action Plan for Jobs.

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UK small business profits reach seven-year high

UK small business profits reach seven-year high

Small businesses in Britain are achieving turnover and profits last seen before the financial crisis in 2008.

As UK living standards return to pre-crisis levels, small businesses are also reporting their best performance since 2008.

Britain’s small firms have increased turnover, raised profits and expanded workforces over the last 12 months, according to the latest survey from the government, with businesses forecasting this positive trend to continue in 2015.

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