Two Scottish companies were among 12 selected to pitch their technology to investors at an event in Number 10 Downing Street.
A celebration of the strength of the UK’s digital economy, the initiative aims to cement links between startups and prospective partners. This year’s edition of Pitch 10 was produced in association with Tech City UK and the Tech Nation project.
The Scottish companies were Big Data 4 Humans, whose software provides customer behaviour insights, and FreeAgent, accounting software for freelancers and small businesses.
“The Tech Nation project highlights the depth of Britain’s technology clusters and this year’s Pitch 10 competition provides further proof that digital businesses with diverse specialisms are thriving across the UK,” said Gerard Grech, chief executive of Tech City UK.
“Showcasing the breadth of talent from across the UK’s clusters will be a factor in raising awareness and driving investment. Pitch 10, with Tech City UK, is a great example of how we can contribute to achieving that goal.”
The diverse spread of companies from the across the UK supports the findings of the Tech Nation project. With 1.46 million digital jobs existing across the country and 74% of digital businesses operating outside of London, the report demonstrates the UK’s digital business revolution is a nationwide growth story.
While 50% of digital companies in the UK have been founded since 2008, 90% of these now expect their revenue to rise in 2015.
The 12 companies were:
- Big Data 4 Humans (Scotland) – Providing customer behaviour insights
- Cocoon (N England) – The smart device that can sense activity through walls to keep you feeling safe
- Delver (N England) – Salvage organisation data via a natural language interface
- FreeAgent (Scotland) – Accounting software for freelancers and small businesses
- GeoSpock (S England) – The search engine for the physical world
- Nutmeg (London) – For an intelligent, fully-managed investment portfolio
- Rainbird (S England) – The Rainbird platform uses artificial intelligence to automate knowledge work.
- Schoop (Wales) – Schoop is a unique, multilingual and very simple communications app for schools, colleges, nurseries, churches, charities, public bodies and any organisation that needs to keep a wide network or community engaged and in the loop.
- SendMyBag (N Ireland) – Fast & affordable door to door delivery of bags and boxes to over 100 countries.
- ShowMyHomework (London) – Making it easy for teachers to keep parents in the loop about homework.
- Titan IC (N Ireland) – Titan IC Systems is a leader in the development of hardware engines for content and network processing
- Veeqo (Wales) – Syncing your web stores and marketplaces
The companies were chosen by an independent advisory panel consisting of industry experts: Eileen Burbidge of Passion Capital, Jon Bradford of Tech Stars, Gerard Grech of Tech City UK, Russell Buckley of UKTI and Ballpark Ventures, Davor Hebel ofFidelity Growth Partners Europe, and Baroness Martha Lane-Fox, House of Lords and UK’s Digital Champion.