Summarize this content to 2000 words in 6 paragraphs in Arabic If 2023 was the year of downturn for the tech industry, last year was broadly one of recovery. The job losses continued but global investment in start-ups rose 5 per cent, fuelled by a boom in artificial intelligence.The recovery has been geographically patchy, however. The UK \u2014 the biggest tech market in Europe \u2014 registered a drop in investment from venture capital groups in 2024 falling to approximately $15bn from $20bn the previous year, according to KPMG analysis of VC funding.But Conor Moore, global head of private enterprise at KPMG, says despite the \u201capparent anomaly\u201d with the wider recovery there was still plenty to be optimistic about in terms of the investment outlook for UK start-ups.He attributes the drop in UK investment to several \u201cmega deals\u201d \u2014 financings worth more than $1bn \u2014 in other regions, especially the US. Such large deals hoover up funds and can make it hard for even the most promising UK start-ups to attract large investments.\u201cThat is less of a commentary on the health of the UK investing environment than it is on the frothiness of investment in other jurisdictions in this AI era,\u201d says Moore. The UK decline last year was \u201cnot inconsistent\u201d with some other European countries, he adds. \u201cThere are many reasons to feel positive about the UK funding environment.\u201dUK start-ups that do manage to attract suitors in the tough economic climate can rely on a well-established and varied infrastructure to help them. There are dozens of hubs across the country \u2014 combining office space, research and development facilities, venture capital connections, and sources of advice \u2014 that aim to provide the ideal conditions to help clusters of start-up companies evolve.Organisations running the hubs range from not-for-profit university spin offs, investment and finance companies and start-ups themselves. Common programmes within hubs include three-month \u201caccelerators\u201d, to prepare a start-up for investment, or \u201cincubators\u201d, to nurture a young company over a couple of years.Among them is Founders Factory, which is the top-start-up hub in the 2025 FT\/Statista\/Sifted ranking for the UK and Ireland, and number five in Europe.The investment company, which is headquartered in London, but also has offices in countries including Germany, Italy, Singapore and Australia, says it has invested in more than 300 \u201cearly stage\u201d start-ups. These include Landvault, a maker of metaverse technology, which was acquired last year for $450mn, and Storyblok, which makes a publishing platform for corporate content and last year raised $80mn in a financing.The hub offers start-ups support with developing products, with technology (data science and tech engineering) and helps with legal matters and marketing. It also invests in start-ups itself and connects them with other sources of financing.Large companies including Aviva, L\u2019Or\u00e9al and Rio Tinto, partner with the hub, advising its start-ups on topics such as product distribution and market analysis.Such advice can help start-ups, especially those in business-to-business software, to reduce lengthy sales cycles \u2014 the time it takes to close a deal \u2014 says Henry Lane Fox, chief executive of Founders Factory. \u201cAnything to shortcut that [sales cycle] and\u2009.\u2009.\u2009.\u2009to work with the start-ups is terrifically helpful,\u201d he adds.Helping connect start-ups with the right investors and explain their potential to scale, is also crucial, he says. \u201cAll start-ups are hungry for cash, so fundraising is absolutely crucial.\u201dHenry Lane Fox: \u2018All start-ups are hungry for cash, so fundraising is absolutely crucial\u2019 \u00a9 Rory LindsaySuch connections with large investors have proved particularly useful for Tembo Money, a UK digital savings and mortgage platform aimed at first-time buyers, which co-developed its business with the Founders Factory from the idea stage.One of Tembo\u2019s corporate partners \u2014 Aviva \u2014 became one of its main investors, says Richard Dana, the start-up\u2019s CEO and co-founder.Tembo was the second start-up that Dana had founded. His career path is an example of the cross-pollination that can occur between serial entrepreneurs and entrepreneurs running start-up hubs: Dana was previously chief financial officer of Founders Factory, before he started Tembo.\u201cAviva has been\u2009.\u2009.\u2009.\u2009really, really critical to our success [and has] invested in us now four times,\u201d says Dana.Working with a start-up hub \u2014 tapping into their contacts and professional expertise \u2014 was also the right decision at the time given Dana\u2019s financial commitments. \u201c[When starting Tembo] I had a young family [and] a mortgage. I kind of wanted to de-risk a little bit my second start-up and try and give it as much opportunity for success as possible.\u201dDogpatch Labs, in Dublin, is ranked at number four in the FT UK and Ireland ranking and at 20 in Europe\u2019s top start-up hubs. The hub provides workspace, incubators and accelerator programmes workshops, and a matchmaking service that helps tech engineers and other colleagues find a co-founder to build a company.The hub works with start-ups on different timelines ranging from \u201cday zero\u201d, when its founders quit their corporate jobs to create a start-up \u2014 to two to three years into the start-up when it is big enough to set up in its own premises and establish a business culture, says Patrick Walsh, Dogpatch CEO and founder.Previous start-ups in the hub include Intercom, a business messaging app which has been valued at more than $1bn.Walsh says the best hubs are usually the ones that are \u201centrepreneur-led\u201d and provide start-ups with \u201cdeep connectivity\u201d to investors and talent.A recent trend in some European tech hubs, he adds, is to expand the range of facilities for start-ups and local communities to include retail stores and restaurants. The large, campus-style environments are similar to those at large tech companies such as Google and Microsoft.\u201cIn France, they started with the [tech] hub, but now they\u2019ve got co-living, they\u2019ve got retail, they\u2019ve got restaurants,\u201d he says. \u201cThey\u2019re really thinking about this entire environment for entrepreneurs, I think the best hubs, are not just big office blocks sitting on their own.\u201dThat point is echoed by one of Dogpatch\u2019s current members \u2014 Barespace, a Dublin start-up that makes software for hair and beauty salons.[Dogpatch] provides so much more than an office space ,\u201d says Conor Moules, Barespace co-founder and CEO. \u201cFrom the CEO perspective, to have other CEOs around you that are doing something similar, that you can kind of spark off [is valuable].\u201dWorking with and learning from Dogpatch\u2019s team, including with Walsh has been \u201ckind of like a finishing school for CEOs\u201d, adds Moules.Investors can also benefit from the one-stop shop facilities and talent provided by top start-up hubs.Amy Neale, a general partner at Delta Partners, a Dublin VC, which has invested in some of Dogpatch\u2019s start-ups, says: \u201cWe spend a lot of time physically in Dogpatch, attending events, mentoring start-ups that are going through various programmes and engaging with the principals in Dogpatch so that they have a good understanding of the way that Delta operates. And we have a good understanding of their objectives and what they\u2019re trying to do. And for us, it\u2019s an incredible source of deal flow.\u201dUK and Ireland start-up hubs are well established but they are facing growing competition from Paris, Amsterdam and Munich as well as further afield.For the UK to maintain its position as a tech start-up leader, some experts argue that it must produce more world-class \u201cunicorns\u201d \u2014 start-ups that have gone on to be valued at more than $1bn.And that may require the UK\u2019s tech hubs to consolidate, into four to five regional hubs \u2014 possibly north-west England, Bristol, Strathclyde in Scotland, London and Oxford-Cambridge \u2014 says Duncan Johnson, CEO of Northern Gritstone, an investment company focused on start-ups in the north of England.\u201cYou need a small number of world-class [tech] ventures that you really get your shoulder behind,\u201d he says, adding that to be successful start- up hubs should be no more than 10 miles apart. \u201cWe need more concentration of tech clusters\u2009.\u2009.\u2009.\u2009[with] more gravitational pull.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic If 2023 was the year of downturn for the tech industry, last year was broadly one of recovery. The job losses continued but global investment in start-ups rose 5 per cent, fuelled by a boom in artificial intelligence.The recovery has been geographically patchy, however.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-238931","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/238931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=238931"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/238931\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=238931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=238931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=238931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}