NEWS - ENTREPRENEURS & STARTUPS
Xero announces cloud accounting and payroll solution that simplifies the payroll process for small businesses.
Online accounting software company Xero has announced its new cloud accounting and payroll solution at its annual fintech conference; Xerocon.
Xero’s managing director Gary Turner says that the company will be able to do for payroll what it has already done for accounting.Read more >>
Kimchi, the latest microfund, has been announced by 500 Startups and is set to launch in Seoul, South Korea.
500 Startups, the well-known US accelerator for startups, has just revealed details of its latest venture, 500 Kimchi, which will take $15 million to fund early stage startups in South Korea’s mobile space. The newest microfund from 500 Startups will deepen the firm’s reach into South Korea, which has already several investments from the company, according to the online tech magazine, TechCrunch.Read more >>
We take a quick look at some of the most useful online resources for SME and startups.
In order to stay on top of industry news, trends, and general happenings, it’s imperative that business leaders and startups keep themselves in the loop. However, we know that time is one commodity that is increasing in its scarcity, which is why you should check out these online resources that can help you make the most of your precious time.Read more >>
A new accelerator aimed at cybersecurity startups has been announced by Kaspersky Labs.
The launch of another cybersecurity accelerator highlights the rising popularity of this industry for investment, this time coming from the well-established security firm, Kaspersky Labs.Read more >>
We look at a number of essential Twitter tips to take away to promote small businesses and generate custom.
Small businesses and startups will already know that social media is a powerful tool to promote brands and drive interest in consumers. However, many fail to do it correctly.Read more >>
A new state-backed banking initiative will offer SMEs in Ireland loans at discount prices.
In a bid to kick-start lending to small and medium-sized enterprises (SMEs) the new state-backed Strategic Banking Corporation of Ireland (SCBI) aims to provide funds at a discount to current market rates.Read more >>
Details have been released of the 12 startups that entrepreneurship showcase Pitch 10 will be taking to 10 Downing Street this year.
The finalists that made it through to this year’s Pitch 10 event have been revealed and twelve digital companies from all over the UK have been selected to pitch their businesses at 10 Downing Street later this month.Read more >>
Seedcamp has invested in 11 startups following the accelerator’s event, Seedcamp Week, in London.
Europe’s largest pre-seed and seed stage accelerator, Seedcamp, has decided to invest in 11 startups from entrepreneurs that attended the Seedcamp Week event in London. Seven out of the 11 startups hail from the UK and six of the even are based in the UK’s capital.Read more >>
Labour leader Ed Miliband’s outline of plans to boost small businesses gains backing of Lord Mandelson.
The leader of the UK’s Labour party, Ed Miliband, laid out his party’s plans on Monday to boost productivity in the UK, in a speech at a Jaguar Land Rover plant in Wolverhampton. Mr Miliband pledged to encourage growth through a series of boosts aimed at small businesses, while promoting better training and higher wages.Read more >>
Banks would appreciate further support from UK government for lending to small businesses.
Lending to small businesses by high street banks in the UK could do with being helped along by government backing, according to Keith Morgan, head of the British Business Bank (BBB).Read more >>
Startups in Tech City have been invited by Virgin Media Business to register their interest in a market trial for superfast broadband.
Virgin Media Business (VMB) has invited digitally deprived startups located in Tech City to put their names down to register their interest in a market trial for dedicated fibre connectivity.Read more >>
Competition is expected to be fierce for the Shengjing Global Innovation Award prize money of $1 million.
The one million dollar Shengjing Global Innovation Award will be presented to one winner out of 20 startups from across the world, who will not only be competing for the prize money, but also the potential for venture capitalists and incubators to invest in their companies.Read more >>
A list of Europe’s hottest FinTech startups to watch out for in 2015 is dominated by those from London.
London’s place as a hub for FinTech startups is well and truly evident when looking at the recently released list of FinTech companies to watch out for in 2015, compiled by a panel of senior executives from sectors such as finance, investment and technology.Read more >>
Cyber London (CyLon) scheme will turn the British capital into a hub for cyber-security startups.
Europe’s first cyber-security accelerator is being launched in London and aims to create a hotbed for startups in the UK’s capital city. CyLon (Cyber London), the not-for-profit organisation, will kick off its first 13-week programme in April with a group of startups in the defence, retail, telecoms and health services industries, amongst others.Read more >>
London fintech startup Transferwise, founded in 2011 by Taavet Hinrikus and Kristo Käärmann, raised around $58 million of funding pushing its value close to $1 billion.
In a new round of funding, the London startup has managed to secure around $58 million which values the company close to the $1 billion. Transferwise is a fast-growing peer to peer money transfer startup, which is rumoured to be in talks with Facebook for remittance services.
The firm was founded in 2011 by Taavet Hinrikus and Kristo Käärmann, with the aim to make it cheaper and easier to transfer pounds to euros. Having been built by ex-Skype and PayPal engineers, it looked like the founders had the perfect backgrounds for this to take-off.Read more >>
Over a third of UK SMEs expect to grow their international business in the year ahead.
Businesses in the UK are confident that the economic climate will continue to be healthy and more than a third of small and medium-sized enterprises (SMEs) anticipate growth in the amount of business they do overseas, according to research from Western Union Business Solutions.
Figures from the survey show that 83 per cent of respondents felt confident about the economic climate and those that felt very confident more than doubled in this quarter, according to the International Trade Monitor from Western Union Business Solutions.
The growing confidence in the situation at home has UK SMEs thinking about foreign shores, as 34 per cent of those surveyed predict an increase in their international business activity.Read more >>
UK creative industries continue to blossom, adding £77 billion to the economy in 2013.
Creative industries in the UK are booming, according to the latest report from the Department for Culture, Media and Sport. The data showed the sector contributing an astounding £77 billion to the UK economy in 2013, that’s one tenth higher than 2012’s total of £70 billion.
Breaking down the figures, the data essentially works out to a jaw dropping £8.8 million per hour, or £146,000 per minute, according to the report.Read more >>
Innovate UK will provide a £210,000 fund in a bid to drive innovation in wearable tech.
The UK continues to be a hotbed for innovation and will be further boosted by a £210,000 fund aimed at innovation in the wearable technology sector. The fund will be provided by Innovate UK, the UK government’s technology strategy board, and will be awarded to six winners of the wearables competition it is organising.
Successful applicants will have created products that appeal to a wide commercial market and will then go on a trial with Innovate UK’s industry partners for three months. In order to ensure the success of the winners’ companies, Innovate UK will mentor the new firms, offering advice and support to accelerate the startups into achieving success.Read more >>
The number of UK SMEs and startups is increasing as the British economy continues to grow.
Small and medium-sized enterprises (SMEs) in the UK are thriving in the UK’s economic recovery, as outlined in the recent British Chambers of Commerce (BCC) Quarterly Economic Survey (QES).
However, while business is booming and the number of new companies being created is increasing, the recovery remains fragile and UK SMEs should ensure they have everything in place to expand, succeed and survive any potential economic slowdown.Read more >>
UK small businesses revenue growth was fastest since 2000, according to Barclays’ Small Business Income Index.
Small businesses enjoyed a more liquid 2014 as cash flowing into the bank accounts of these firms increased at its fastest rate in over 14 years, according to the Barclays Small Business Income Index.
In the year to October of 2014, the Barclays index recorded an eight per cent rise in the value of payments into small businesses’ bank accounts. The data also shows that, since 2000, the index as a whole has risen by 20 per cent.Read more >>
Mid-sized firms in the UK will increase their research and development (R&D) expenditure in 2015.
The latest Agents of Growth report from Grant Thornton suggests that 2015 will see UK mid-sized businesses (MSBs) as the drivers of innovation.
British firms that employ between 50 and 499 staff will become the nation’s largest investor in new technologies over the next year, as almost a quarter (23 per cent) of UK MSBs expect to increase their investment, according to the report.Read more >>
Seven out of ten UK SME online retailers are in a positive mood for the year ahead.
The majority of small and medium-sized enterprises (SME) in the UK’s online sector believe that 2015 will see sales increase, with seven out of ten respondents expecting sales growth, according the the Royal Mail’s annual tracker study. Moreover, the optimistic outlook on growth comes despite three quarters (76 per cent) of SME online retailers believing that market competition is more intense when compared with 2014.Read more >>
Users of the hyperlocal Brixton currency ‘Brixton Pound (B£)’ in South London will be able to pay with contactless technology.
Contactless terminals are set to be rolled out throughout Brixton for users of the hyperlocal currency, the Brixton Pound. It’s thought this will speed up transactions and make it more convenient for users to pay in the local currency.Read more >>
The value of Instagram has overtaken that of Twitter’s, putting it at a whopping £22 billion.
Citigroup recently raised the valuation of Instagram to £22 billion, or $35 billion, which is almost double what it was valued at previously. By comparison, Twitter has a valuation of £15 billion based on its current share price.Read more >>
UK’s Lunar Missions Ltd pass first crowdfunding milestone for mission to the moon.
The UK company, Lunar Missions Ltd, has successfully reached their funding target of £600,000 on crowdfunding website, Kickstarter. The project, Lunar Mission One, will attempt to land a spacecraft on the Moon to fulfil the mission objective of drilling at least 20 metres into the south pole of the Moon.
Crowdfunding has been growing in popularity as a means of investment since it was first introduced to the internet around seven years ago. It’s a method of funding where monetary contributions are raised from a large number of people, which is why the internet is so useful for startups attempting to reach the masses.
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