Follow Us

We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message

No.10 Downing Street opens its doors to start-ups for first time

Comes a week after Techworld revealed government is pulling £50m Tech City fund

Article comments

Prime minister David Cameron invited young technology companies to pitch at No. 10 Downing Street for the first time ever yesterday in a move that suggests the politician is keen to be seen supporting the tech start-up community.

At the Pitch10 event, 10 high-growth start-ups, largely in fintech or security, pitched their businesses to an audience of 70 venture capitalists, angel investors and invited guests. Digital minister Ed Vaizey and the newly appointed tech advisor to the PM, Joanna Shields also attended alongside Cameron

Those invited to pitch included: Certivox, Digital Shadows, DueDil, Huddle, Kykcloud, LumeJetMimecast, ROLI, Swiftkey and Transferwise.

While the event makes it seem like David Cameron is getting behind start-ups by inviting them into his home, it's worth noting that the PM failed to spend the £50 million he promised London's Tech City community at the end of 2012, as revealed by Techworld last week.

Furthermore, the Tech City UK organisation - set up to support digital start-ups and chaired by Shields - is only funded with £1.7 million of public money, while quangos like the Technology Strategy Board receive half a billion pounds of taxpayer's money.  

Downing Street described Pitch10 as an event for digital companies to showcase their technology.

It’s not clear whether any of the financiers in the audience will actually be making any investments and it's fairly likely that most of them will already be familiar with the companies that presented.

A programme of the evening’s agenda can be found here.

The event was spearheaded by two high profile figures within the tech community: Passion Capital investor Eileen Burbidge and TechStars founder and CEO Jon Bradford.

It was revealed that over 600 people were invited to attend Pitch10, after an aid at No. 10 accidentally Cc’d instead of Bcc’d those invited.  

Techworld asked the prime minister’s office for an invite to the event but a spokesperson said media weren’t invited.



Share:

More from Techworld

More relevant IT news

Comments



Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

Techworld White Papers

Choose – and Choose Wisely – the Right MSP for Your SMB

End users need a technology partner that provides transparency, enables productivity, delivers...

Download Whitepaper

10 Effective Habits of Indispensable IT Departments

It’s no secret that responsibilities are growing while budgets continue to shrink. Download this...

Download Whitepaper

Gartner Magic Quadrant for Enterprise Information Archiving

Enterprise information archiving is contributing to organisational needs for e-discovery and...

Download Whitepaper

Advancing the state of virtualised backups

Dell Software’s vRanger is a veteran of the virtualisation specific backup market. It was the...

Download Whitepaper

Techworld UK - Technology - Business

Innovation, productivity, agility and profit

Watch this on demand webinar which explores IT innovation, managed print services and business agility.

Techworld Mobile Site

Access Techworld's content on the move

Get the latest news, product reviews and downloads on your mobile device with Techworld's mobile site.

Find out more...

From Wow to How : Making mobile and cloud work for you

On demand Biztech Briefing - Learn how to effectively deliver mobile work styles and cloud services together.

Watch now...

Site Map

* *