Home > News > Government tipped to boost tech start-ups
December 8th, 2008
Government tipped to boost tech start-ups
Abstract:
Technology start-ups yet to turn a profit from their ideas because the dearth of credit has put their projects on hold are expected to be thrown a financial lifeline.
Having rounded up a group of funding partners, the government is due to make £1billion of venture capital available to ‘pre-revenue' IT-led firms from early next year.
Work on the fund could begin as early as January, to help early-stage techies who have fallen victim to both the borrowing crisis and the retreat of seed investors from the sector.
It was called for by the National Endowment for Science, Technology & Arts, which said the UK needs "new growth" sectors to make up for less revenue from financial services.
"In benign economic conditions, a decision like this might take a long time," Nesta chief executive Jonathan Kestenbaum told The Observer.
Source:
contractoruk.com
Related News Press |
News and information
Simulating magnetization in a Heisenberg quantum spin chain April 5th, 2024
NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
VC/Funding/Angel financing/Loans/Leases/Crowdfunding
Graphene Flagship start-up Bedimensional closes a second €10 million investment round February 10th, 2023
180 Degree Capital Corp. Issues Second Open Letter to the Board and Shareholders of Enzo Biochem, Inc. March 26th, 2021
Govt.-Legislation/Regulation/Funding/Policy
NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
Chemical reactions can scramble quantum information as well as black holes April 5th, 2024
Announcements
NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
The latest news from around the world, FREE | ||
Premium Products | ||
Only the news you want to read!
Learn More |
||
Full-service, expert consulting
Learn More |
||