The U.Okay. is gaining in recognition as an important place to start out a tech agency. The nation is shortly catching as much as China on the tech funding entrance, with VC investments reaching a document of $15 billion in 2020, in keeping with TechNation. A worldwide well being disaster however, London remained a favourite for buyers. U.Okay. cities made up a fifth of the highest 20 European cities, with names corresponding to Oxford, Dublin, Edinburgh and Cambridge rising to the fore in 2020.

Bristol proved particularly well-liked amongst tech buyers final 12 months — native companies raked in a formidable $414 million in 2020, making it the third-largest U.Okay. metropolis for tech funding. The metropolis additionally has essentially the most fintech startups per head within the U.Okay. outdoors London, in keeping with Whitecap’s 2019-2020 Ecosystem Report.

Efforts by the town’s non-public and public sectors to modernize the town have helped it rank among the many high sensible cities within the U.Okay., attracting a bevy of tech entrepreneurs. Its proximity to London has meant that it’s a good different for founders in search of a extra inexpensive keep whereas letting them faucet the capital’s monetary sources. The University of Bristol additionally has the most important robotics division in Europe.


Use low cost code HARBOURSIDE to save lots of 25% off an annual or two-year Extra Crunch membership.
This supply is simply obtainable to readers within the U.Okay. and Europe, and expires on August 31, 2021.


Bristol can also be house to an vital startup accelerator, SETsquared. A collaborative effort by the 5 universities of Bath, Bristol, Exeter, Southampton and Surrey, the accelerator has supported over 4,000 entrepreneurs and helped their startups elevate a complete of £1.8 billion. Other startup assist gamers embody the brand new Science Creates VC fund, arrange by entrepreneur Harry Destecroix, and TechSPARK Engine Shed.

Key rising startups from Bristol embody Graphcore, Open Bionics, Ultraleap, Immersive Labs and Five AI.

To get a greater thought of the state of the tech ecosystem and the investor outlook for this metropolis, we surveyed founders, leaders and executives concerned in nurturing Bristol’s startup ecosystem.

The survey revealed that the town has a sturdy renewable, zero-carbon and fintech startup panorama. Robotics, VR, bio, quantum, digital and deep tech are additionally areas exhibiting promise. As for the investing scene, though Bristol has a wholesome angel community, the town lacks institutional VC, however with London solely a drive or prepare trip away, this has not proved a major downside.

We surveyed:

  • Coralie Hassanaly, innovation guide, DRIAD
  • Pete Read, CEO and founder, Persona Education
  • Kiran Krishnamurthy, CEO, AI Labs
  • Simon Hall, director, Airway Medical
  • Ben Miles, CEO, Spin Up Science
  • Rupert Baines, ex-CEO, UltraSoC
  • Mathieu Johnsson, CEO and co-founder, Marble
  • Chris Erven, CEO, KETS Quantum Security

Coralie Hassanaly, innovation guide, DRIAD

Which sectors is Bristol’s tech ecosystem sturdy in? What are you most excited by? What does it lack?
Bristol is robust in renewable and zero-carbon innovation, fintech and robotics. It’s weak in {industry} 4.0.

Which are essentially the most fascinating startups in Bristol?
Graphcore, LettUs Grow, Open Bionics, Ultraleap and YellowDog.

What are the tech buyers like in Bristol? What’s their focus?
Numerous concentrate on fintech, I feel.

With the shift to distant working, do you assume individuals will keep in Bristol or will they transfer out? Will others transfer in?
Bristol is a good center floor between a big dynamic metropolis (plus it’s not removed from London) and entry to good countryside space. With distant working we are able to count on it’ll entice new residents within the subsequent few years.

Who are the important thing startup individuals within the metropolis (e.g., buyers, founders, attorneys, designers)?
Aimee Skinner, Abigail Frear and Stuart Harrison.

Where do you assume the town’s tech scene will likely be in 5 years?
Second main metropolis in U.Okay. innovation.

Pete Read, CEO and founder, Persona Education

Which sectors is Bristol’s tech ecosystem sturdy in? What are you most excited by? What does it lack?
Bristol is robust in media/animation, edtech, social affect, well being and science. I’m most excited by edtech and the chance to succeed in and positively affect tens of millions of scholars by way of on-line studying. It’s weaker in {hardware} and fintech.

Which are essentially the most fascinating startups in Bristol?
Kaedim, Persona Education and One Big Circle.

What are the tech buyers like in Bristol? What’s their focus?
There are a number of very energetic tech funding networks coming from a number of angles, e.g., university-led, teams of personal angels and tech incubators. The good thing is all of them collaborate and share sources, concepts and experience in initiatives corresponding to The Engine Shed and Silicon Gorge.

With the shift to distant working, do you assume individuals will keep in Bristol or will they transfer out? Will others transfer in?
More persons are transferring in, as Bristol has an important city way of life with quick access to the countryside and Southwest/Wales vacation spots, and a global airport 20 minutes from the middle.

Who are the important thing startup individuals within the metropolis (e.g., buyers, founders, attorneys, designers)?
Jerry Barnes at Bristol PE Club; Abby Frear at TechSPARK; Briony Phillips at Rocketmakers; Jack Jordan-Connelly at SETsquared.

Where do you assume the town’s tech scene will likely be in 5 years?
It’s growing quickly with a lot of assist, so it is going to be larger, attracting extra funding and undoubtedly extra on the worldwide scene 5 years from now.

Kiran Krishnamurthy, CEO, AI Labs

Which sectors is Bristol’s tech ecosystem sturdy in? What are you most excited by? What does it lack?
Our tech ecosystem is robust within the aerospace and protection sector. We are excited by the scope and scale of digital transformation alternatives with AI obtainable on this sector. The major weak point on this sector is the sluggish tempo of transformation, particularly now as a result of pandemic.

Which are essentially the most fascinating startups in Bristol?
Graphcore and YellowDog.

What are the tech buyers like in Bristol? What’s their focus?
Compared to the U.Okay. tech sector common, Bristol has a really low proportion of established firms (4% versus 8%), the next proportion of seed stage firms (42% versus 37%), and the next demise fee (21% versus 17%). It’s a very younger ecosystem.

With the shift to distant working, do you assume individuals will keep in Bristol or will they transfer out? Will others transfer in?
It is feasible that individuals transferring out of London will come into Bristol as a result of transport hyperlinks, sturdy ecosystem and exquisite nature of the town.

Where do you assume the town’s tech scene will likely be in 5 years?
I wouldn’t be shocked if Bristol seems to be San Francisco of Europe!

Simon Hall, director, Airway Medical

Which sectors is Bristol’s tech ecosystem sturdy in? What does it lack?
Bristol is robust within the medtech, veterinary, industrial sectors.

With the shift to distant working, do you assume individuals will keep in Bristol or will they transfer out? Will others transfer in?
Others have moved in.

Who are the important thing startup individuals within the metropolis (e.g., buyers, founders, attorneys, designers)?
SETsquared.

Where do you assume the town’s tech scene will likely be in 5 years?
We will see large development in 5 years.

Ben Miles, CEO, Spin Up Science

Which sectors is Bristol’s tech ecosystem sturdy in? What are you most excited by? What does it lack?
Our sector is weak in entrepreneurial ambition amongst researchers, and so suffers from low charges of deep tech spinout exercise from main universities. We are most excited by the step change in exercise we now have seen previously two years and tradition shift in direction of innovation.

Which are essentially the most fascinating startups in Bristol?
Rosa Biotech, Albotherm and CytoSeek.

What are the tech buyers like in Bristol? What’s their focus?
Medium power in shallow tech; presently weak in deep tech.

With the shift to distant working, do you assume individuals will keep in Bristol or will they transfer out? Will others transfer in?
People are transferring in.

Who are the important thing startup individuals within the metropolis (e.g., buyers, founders, attorneys, designers)?
Spin Up Science, Science Creates and Science Angel Syndicate.

Where do you assume the town’s tech scene will likely be in 5 years?
Very sturdy in deep tech with an invested local people of entrepreneurs, incubators and buyers.

Rupert Baines, ex-CEO, UltraSoC

Which sectors is Bristol’s tech ecosystem sturdy in? What are you most excited by? What does it lack?
Bristol is robust in wi-fi (5G, 60 GHz, and so forth.), semiconductors (particularly processors, AI/ML and parallel architectures), robotics and different exhausting tech/deep tech.

Which are essentially the most fascinating startups in Bristol?
Graphcore, Ultraleap, Blu Wireless and Five AI.

What are the tech buyers like in Bristol? What’s their focus?
It’s restricted. There are some angels, however few regionally centered funds.

With the shift to distant working, do you assume individuals will keep in Bristol or will they transfer out? Will others transfer in?
Much the identical: People select to reside in Bristol/Bath for high quality of life. Much of the work is already exterior — commuting to London.

Who are the important thing startup individuals within the metropolis (e.g., buyers, founders, attorneys, designers)?
Nigel Toon, Simon Knowles, Stan Boland, David May and Nick Sturge.

Where do you assume the town’s tech scene will likely be in 5 years?
Much stronger, with extra processor and {hardware} exercise.

Mathieu Johnsson, CEO and co-founder, Marble

Which sectors is Bristol’s tech ecosystem sturdy in? What are you most excited by? What does it lack?
Bristol has a robust robotics, aerospace and renewables scene. I’m most excited to see how the legacy in aerospace in Bristol will translate to future industry-defining firms. The ecosystem is weak on the investor aspect, although London VCs are lower than a two-hour prepare journey away.

Which are essentially the most fascinating startups in Bristol?
Graphcore, Ultraleap and Open Bionics.

With the shift to distant working, do you assume individuals will keep in Bristol or will they transfer out? Will others transfer in?
I consider Bristol will turn out to be extra engaging.

Who are the important thing startup individuals within the metropolis (e.g., buyers, founders, attorneys, designers)?
Tom Carter at Ultraleap, and Joel Gibbard at Open Bionics.

Where do you assume the town’s tech scene will likely be in 5 years?
Getting nearer to London and Cambridge.

Chris Erven, CEO, KETS Quantum Security

Which sectors is Bristol’s tech ecosystem sturdy in? What are you most excited by? What does it lack?
Bristol has a robust biotech, quantum, digital, science-based/deep tech ecosystem. I’m excited by this eclectic metropolis with thrilling people who assume otherwise.

Which are essentially the most fascinating startups in Bristol?
Any QTEC, SETsquared, or UnitDX members and alumni.

What are the tech buyers like in Bristol? What’s their focus?
Very early/nascent, principally angels.

With the shift to distant working, do you assume individuals will keep in Bristol or will they transfer out? Will others transfer in?
Probably transfer in! Beautiful inexperienced areas round, a lot of fascinating, impartial outlets. And (nearly) commutable from London.

Who are the important thing startup individuals within the metropolis (e.g., buyers, founders, attorneys, designers)?
The incubators — QTEC, QTIC, SETsquared and UnitDX; Bristol Private Equity Club; Harry Destecroix.

Where do you assume the town’s tech scene will likely be in 5 years?
Buzzing. More nice startups and VCs transferring in.



Source feedproxy.google.com