Five reasons why now is the time to build ‘unsexy’ startups

Investor sentiment is low. Funding is slowing down. Valuation multiples are shrinking and my WhatsApp does not get filled up with random mates bragging about their paper multiples on individual stocks. Investing in tech does not seem so ‘sexy’ ...

Graphcore loses Microsoft deal as key investors write down stake value

Bristol-based semiconductor company Graphcore has lost its deal with Microsoft, causing key investors to write down their stake. Founded in 2016 by Nigel Toon and Simon Knowles, Graphcore develops computer processors used in AI and machine learning. It has ...

Construction begins on Edinburgh Technopole lab for startups

London-headquartered scientific property developer Pioneer Group has announced that work has begun on a 20,000-square-foot lab space in Edinburgh for startups and blue-chip companies. The new lab will help make up Pioneer Group’s Technopole science park, a 126-acre campus ...

Octopus Ventures bolsters deep tech investor team

London-headquartered venture capital firm Octopus Ventures has hired five new investors to its deep tech investment team as it looks to build on the £45m invested this year into companies operating in spaces such as AI, quantum computing and ...

Sondrel IPO: microchip designer to list on London’s AIM market

Berkshire-based semiconductor company Sondrel has announced it plans to list on the London Stock Exchange’s AIM market, bucking the trend of foreign acquisitions of chip companies. Sondrel, which designs microchips used by companies such as Tesla, Mercedes, and Apple, ...

Tees Valley hosts £20m hydrogen transport competition

The Tees Valley Hydrogen Transport Hub is launching a £20m competition with Innovate UK to explore how hydrogen fuel can be used in transport. It will look at current issues such as large-scale refuelling, use in public transport and ...

UK gets quantum computing consortium to champion industry

An industry-led and government-supported consortium has been launched to represent Britain’s quantum computing industry and ensure the UK is a “world leader” in the emerging technology. UKQuantum, which is opening up its membership to organisations in the UK quantum ...

Quantum tech funding ‘strong’ despite economic gloom, says investment firm

Investment into early-stage quantum computing technology has remained “very strong” this year despite the gloomy economic climate, the boss of Quantum Exponential has said. This has been boosted by “increasing governmental support globally” for quantum computing investments, according to ...

Arm cuts 40% of UK jobs created by SoftBank’s 2016 pledge

Semiconductor designer Arm has cut around 40% of the UK staff that were hired as part of owner SoftBank’s promise to create jobs in Britain. After its acquisition of Arm in 2016, Japanese conglomerate SoftBank pledged to double the ...

Probe into Chinese takeover of Newport Wafer Fab delayed a third time

The government’s national security review into the acquisition of Newport Wafer Fab by Chinese-owned semiconductor manufacturer Nexperia has been delayed for a third time. UKTN can reveal that the decision on whether to unwind the £63m takeover of Britain’s ...

Biotech Cytomos shakes up leadership ahead of Series A

Biotech Cytomos has announced a trio of appointments to its leadership team, to grow its cell analysis tech ahead of its Series A funding round. David Rigterink has been appointed as CEO and to the board. Dr Lindsay Fraser ...

3 big names on the Cambridge tech scene who are hiring right now

Cambridge has an interesting and varied history dating back as far as 875 AD. It’s home to some of the most famous universities in the world. Plus, it’s got amazing architecture and museums. The bustling urban centre has also ...

Leicester space tech sector gets £19.4m government funding

The exchequer secretary to the Treasury today visited Leicester to unveil a £19.4m government investment plan to support the development of the city’s space and satellite tech sectors. The investment is part of the Levelling Up Fund, a government ...

Liz Truss to reignite SoftBank talks for London Arm listing

Prime Minister Liz Truss is set to reignite efforts from the UK government to encourage Japan’s SoftBank to list semiconductor company Arm on the UK’s public markets. The British government has previously held talks with SoftBank with the hopes ...

Ex-owner of Newport Wafer Fab looks to buy back chip factory

The former owner of Wales-based microchip manufacturer Newport Wafer Fab has launched a bid to buy back the company, sold initially by him to Chinese and Dutch-owned Nexperia. Drew Nelson, who owned Newport Wafer Fab until 2021, is now ...

Energy companies form £200m battery storage partnership

NextEnergy Solar Fund (NESF) and Eelpower have come together to form a £200m battery storage joint venture partnership. A 75% share of the £200m battery storage will be held by NESF, with the remaining 25% held by Eelpower. “Battery ...

5 UK startups looking to capitalise on hydrogen

Hydrogen technology is still very much in its early days but has the potential to be used in day-to-day life, meaning many startups are creating a business around it. Combining hydrogen with oxygen atoms can produce electricity with the ...

UK tech is calling for a microchip strategy. Is it too late?

Semiconductors are everywhere, powering everything from the latest games console to your kitchen toaster. For all the warnings from industry, the UK risks falling behind in this crucial sector. The government’s long-awaited microchip strategy remains unpublished. With the likes ...

Review of Nexperia’s buy of Newport Wafer Fab delayed again

The review into the acquisition of Newport Wafer Fab by Netherlands-headquartered and Chinese-owned semiconductor manufacturer Nexperia has been pushed back again. It follows a previous delay of 45 working days by business secretary Kwasi Kwarteng to the Nexperia review ...

Arm sues Qualcomm over contract ‘breach’

Cambridge-based microchip designer Arm has sued US semiconductor firm Qualcomm, alleging that it breached a contract and infringed on trademarks to design competitor microchips. Qualcomm has been a significant customer of Arm in the past, however, it is now ...

Britishvolt delays battery production by six months amid soaring energy costs

Britishvolt is delaying production at its electric car battery plant in Northumberland by six months until 2025. Production of battery cells at the Northumberland ‘gigaplant’ had been due to start by the end of 2023 before being pushed back ...

The rise of Web3: Asia Pacific expected to grow fastest

Editor’s note: In line with the rapid growth and interest in Web3, TechNode Global has introduced the “Web 3 Disruptors”, under The Startup Leader of The Year category in the third edition of ORIGIN Innovation Awards. Nomination will be ...

Graphene startup Paragraf threatens US move due to government semiconductor failings

The CEO and co-founder of Paragraf, a British startup commercialising graphene-based electronics, has threatened to move its base to the US due to the lack of a government semiconductor strategy and challenges attracting talent post-Brexit. Paragraf chief Simon Thomas ...

Innovate UK funding boosted to £1bn in UKRI budget

UK Research and Innovation (UKRI) has unveiled its plan to boost the nation’s tech industry by putting investments toward high-growth tech regions and increasing funding for tech innovation. The non-departmental government body announced on Monday how it will allocate ...

CEO of battery startup Britishvolt steps down

Battery cell maker Britishvolt has confirmed that its founder Orral Nadjari is stepping down as CEO, with the company’s president of global operations, Dr Graham Hoare, appointed acting CEO. Before joining Britishvolt, Hoare was chairman at automotive manufacturer Ford ...

Nexperia insists Newport Wafer Fab buyout was not a hostile takeover

Netherlands-headquartered and Chinese-owned semiconductor manufacturer Nexperia has refuted claims that its acquisition of Newport Wafer Fab was a hostile takeover and insisted the buyout saved the Welsh company from bankruptcy. In a letter to the Commons’ business select committee, ...

Skyrora completes rocket engine test in key step for reaching orbit

Skyrora has successfully completed a test of its second-stage orbital rocket engine at Machrihanish Airbase, bringing the Scottish rocket company closer to its goal of a 2023 launch from British soil. During the 20-second static fire test at the ...

Singapore deep-tech firm Quantified Energy Labs secures $1.5M angel funding

Singapore deep-tech firm Quantified Energy Labs Pte. Ltd. (QE-Labs) announced Wednesday that the company has secured $1.5 million angel round funding from famous investor Liu Xiaosong, for accelerating its commercialization of the company’s proprietary autonomous drone electroluminescence (EL) mapping ...

London-based VC 2xN launches £100m quantum computing fund

London-based venture capital firm 2xN has launched a $120m (£99.8m) fund to invest in 20 to 25 quantum computing startups across Europe and the US. Its oversubscribed fund – its second following a $50m fund unveiled in 2021 – ...

How WM5G is putting Birmingham on the 5G map

“We’re an ambitious and dynamic region,” says Robert Franks, managing director of West Midlands 5G (WM5G), an innovation and digital acceleration company. Franks believes that Birmingham’s strong manufacturing history was a key factor in the city being selected to ...

UK needs chip strategy to boost supply chain security, says Intel boss

The UK’s lack of a microchip strategy will leave it in a disadvantaged position in semiconductor research and supplies, according to Intel’s European boss. US-based Intel, one of the biggest players in the semiconductor industry, announced earlier this year ...

CamGraPhIC secures £813,000 for 5G graphene tech

Graphene technology startup CamGraPhIC has secured £813,475 in funding from Wealth Club members through the Enterprise Investment Scheme (EIS). CamGraPhIC, a spinout from the University of Cambridge, is creating graphene-based photonics technology that could be used in optical transceivers ...

Gilead Sciences acquires Oxford spinout MiroBio for £334m

US biopharmaceutical company Gilead Sciences is acquiring Oxford-based biotech startup MiroBio in a cash deal valued at approximately $405m (£333.9m). Spun out of the University of Oxford in 2019, MiroBio is a biotech startup creating new therapeutic agents to ...

QLM Technology raises £12m for gas leak imaging camera

Cardiff-based photonics startup QLM Technology has raised £12m in funding for its LiDAR camera that detects and measures greenhouse gas emissions, drawing investment from the Development Bank of Wales. The company, which has had financial support from Innovate UK, ...

Nadhim Zahawi continues push for Arm London IPO

Chancellor Nadhim Zahawi has picked up the ongoing effort to persuade Cambridge semiconductor designer Arm to list in London. According to The Times, Zahawi has reportedly been in touch with Masayoshi Son, chief executive of Japanese conglomerate SoftBank, the ...

‘Unicorns locked out’: Lab shortage threatens Oxbridge life science growth

The thriving life sciences industry in Oxford and Cambridge is at risk of experiencing a growth slowdown as laboratory space becomes increasingly hard to find, according to new data. The ‘Oxford-Cambridge’ arc has become a global hub for life ...

Itero raises £5m to build first chemical recycling plant in Netherlands

London-based clean tech company Itero has secured €6m (£5m) in funding to design and build its first demonstration plant at the Brightlands Chemelot Campus in the Netherlands. Itero’s chemical recycling process turns plastic into “high-value chemical products”. These products ...

Government offers funding of up to £25m for 5G and 6G tech

The UK government is offering investments of up to £25m to fund research and development into 5G and future 6G network equipment. As part of The Future Open Networks Research Challenge, universities and companies can apply for funding to ...

British satellite company OneWeb confirms Eutelsat merger

British satellite company OneWeb and French satellite operator Eutelsat have signed a memorandum of understanding to merge the rival businesses. The all-share merger will see OneWeb’s 648 low earth orbit (LEO) satellites combine with Eutelsat’s 36 geostationary orbit (GEO) ...

France’s Eutelsat in merger talks with UK satellite company OneWeb

British satellite company OneWeb is in talks to be acquired by rival French satellite operator Eutelsat in a move that would create a global multi-orbit satellite broadband operator. OneWeb is building a satellite constellation that aims to provide broadband ...

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