Happy New Year 2015!
According to the Financial Times, the Tech sector has been one of the most funded sectors for third party investment funds into start up’s in 2014.
Highlights include an estimated $2.1 billion across global tech businesses, compared to $1.1 billion in 2013. The increase reflects both increased UK tech activity as well as opportunities cascaded down by US tech spenders.
Where is the smart funding going? some unusually large project investments have gone into travel industry technologies, for example the Momondo Group travel search engine received £130 million in 2014 with much more to come, whilst online payment technologies and satellite tracking technologies have received similar investments on a long term basis.
Why is this important to our clients? Third party funding sources have seen a surge in 2014 and with government quangos such as Tech City UK and our own Science Parks, UK tech is here to stay.
The R & D tax credit programme runs alongside this and is the perfect complement to investor funds.
A Happy 2015 indeed!