Tech Nation Annual Report 2021

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Tech NationAnnual report2021accelerateinformengage

Contents.Section 1Executive summary02 Introduction03 Breaking down barriers: Chair’s view04 A new era of tech: CEO’s view06 Market view08 Tech Nation’s performance in numbers10 Tech Nation from startup to scaleup12 Tech Nation in the pandemic14 2020/21 highlights16 Our partner ecosystem18Section 2Helping founders scale in 2020/2120 Accelerate: Programmes21 Inform: Reports25 Engage: Events & Initiatives28 Stories from our founders32Section 3Looking forward44 Digital transformation45 Sustainability46 Looking ahead47Section 4Financial summarytechnation.io511

Introduction.During a year that changed the face of the worldentirely, Tech Nation is both proud and humbled tohave played a vital role in the tech scaleup successstories of 2020/2021.Like the organisations we help, we’re entrepreneurial,fast on our feet and professional. We go out of ourway to spend time with and listen to entrepreneursfrom every walk of life in every part of the UK. Wehave a clear picture of what we’re engaged with:nurturing a tech ecosystem that’ll open doors tocountless opportunities throughout the UK.Section 01ExecutivesummaryThis is our annual report for the financial yearending March 2021. It’s also the story of our - and ourfounders’ - journey through the last 12 months.For clarity, when we mention “scaleup” in this report,we are referring to a tech company that has beengrowing at least 20% year-on-year for the last 3years, with at least 10 employees, and has eitherraised investment or is self-funded.Introduction03Breaking down barriers: Chair’s view04A new era of tech: CEO’s view06Market view08Tech Nation’s performance in numbers10Tech Nation from startup to scaleup12Tech Nation in the pandemic142020/21 highlights16Our partner ecosystem18Tech Nation’s purposeTo fuel the growth ofgame-changing founders,leaders and scaling companiesso they can positively transformsocieties, economies andoutcomes.Tech Nation’s visionA world in which anyone withvision and drive can accessthe skills and support neededto scale and succeed as agame-changing leader.

Chair’s viewStephen KellyChairTech NationBreaking downbarriers.2021 is a pivotal time for us as anorganisation because it is a pivotaltime for the UK.Revolutions don’t just happen, and no two revolutions are thesame. But what all revolutions have is groups of people whobelieve passionately that there are barriers to progress whichneed tearing down.Second, there is a lack of access to capitalfunding outside of London. By being a loudand proud champion of every region in theUK, we hope to change that.Tech Nation believes that we need to dismantle the systemicbarriers in the UK that prevent brilliant people from all walksof life from starting and scaling ‘world class’ tech companies.Our aim is to channel every ounce of our energy into fuellinghypergrowth in the UK’s tech sector.And third, there are barriers to expansionbeyond the UK, most especially in thathistoric graveyard of UK tech companies,the US. We are creating ‘how to’ playbooksshowcasing those who’ve cracked the code.We believe there are three main barriers currentlyholding the UK back.2021 is a pivotal time for us as anorganisation because it is a pivotal timefor the UK. Faced with a world where Covidcontinues to to wreak havoc on the futurewe all once imagined, the role which techplays in how the UK lives, works and playsFirst, there is a lack of access to talent at all levels for techfounders. There are hundreds of thousands of talentedpeople here – we are finding ways to connect them with thefounders who need them.4“Tech Nation Annual Report 20211. Executive”has become bigger and more crucial thanever. We’re on a journey to scale our ownorganisation, to become a bigger fuelpump for frictionless growth in every cornerof the UK, clearing the path for foundersso that there are fewer surprises and moreopportunities.The secret at the heart of Tech Nation isthat ours is not, in the end, a collection ofsuccessful tech startups and scaleups.It’s simpler than that. Ours is a collectionof very human success stories.5

CEO’s view“Tech Nation’s work alone has contributed over 500M tothe UK economy, generating 14 return on every 1invested by the Government over its lifetime thus far.Gerard GrechFounding Chief ExecutiveTech NationWe’re on the cusp of anew era. Let the newwave of talent unfold.We find ourselves in a time of enormous change –one perhaps not seen for over a century. Against thisbackground, Tech Nation’s commitment to helping UKfounders create pioneering, world-class tech businessesis more vital than ever.First, to fuel growth for the whole of the UK, helping to levelup Britain by spreading growth across all regions and cities.Second, to help tech founders outshine rivals on the globalstage, in an arena that is more competitive than ever.While on average 80% of startups collapse within theirfirst two years, a staggering 98% of startups helped byTech Nation have gone on to scale. Indeed, 29% of all UKtech unicorns ever created have graduated from one ofour programmes as well as 31% of future unicorns (soon tobe unicorns, currently valued between 250-800m). In the6Tech Nation Annual Report 20211. Executive summaryprocess, they have hired tens of thousandsof employees, creating work opportunitiesand prosperity in a positive ripple effectacross the UK.Tech Nation’s accelerator growthprogrammes, reports, policy researchand visa programmes provide a pipelineof expertise to founders when they needit most. We bring together tech foundersat the early stages of their businesses,introducing them to networks of seasonedentrepreneurs, and helping them navigatethe highs and the lows of scaling a business.Our Digital Business Academy and coursesopen the door to a vast range of teachingand expertise.Our work has helped founders and scalingleadership teams from cities, towns andeven villages all over the UK fulfil their fullpotential. We continue to transform fundingfrom the UK Government into highlyspecialised support, exclusively targetedat tech founders at the scaling stage.Additionally, we’ve started offering paid-forlearning programmes to help acceleratethe growth of the next wave of”leaders. Simple effectiveness sits at thecore of our offer.The UK is witnessing a huge growth inthe number of IPOs, from high-profileicons such as Deliveroo and DarkTrace,to emerging stars such as Onfido andTractable.We predict that this tech ecosystem willcontinue to grow, with a greater emphasison deeptech and science-based researchstartups. At Tech Nation, we are also seeingmore focus on impact tech businessesand startups, especially based on climatechange solutions. There is an increasingnumber of non-UK founders who see theadvantages of setting up and scaling uphere in Britain.There’s never been a more exciting time tobe a tech founder, creating new businesseswith a positive impact on the world aroundus. At Tech Nation, we’re proud to standon the cusp of this new era and eager tosee the next wave of tech talent unfold.Big thank you to the team, chair, boardand exec.7

Market viewContrado ImagingSherbet LondonJoinedUpGoWashMyCarNorthern Print Solutionsfivesquid.comGatehouse BankClickMechanicRotaWeShopActive ThingsSmartziPaxtonLooper tZipjetSnapWeengsTimealyZestySnap ItPolystreamFroHubCool PlacesHousekeepSoretoInQuisiTiVe iveaphoneMap a BIZZBYUspaahRuubyU AccountSkrapRediWudlBuyMyWardrobeShopcadeGas Angel HeatingDepopF2X GroupROWBOTSEvvntSnappy ShopperMixergyUrban ForesightITECElectric BlueDevoVinterestBeanifyAirlocumCha enge BankGrocemaniaApps.London LtdLeSalonSpillMetro BankrinklOxwashCakeDropIndraMy Bespoke RoomShopSeeCamRateUrbanApex ablAirPortrMasterchargeXeroEExpert TradesiTennaBrillianz mClipfixZoom FoodVerto HomesJouloTooth Fairy HealthcareAndrew LucasXigxagJordan ShawStableNewVoiceMediaBounce tian GroupHopt plied AutomationC4LSA SystemsDesanaPeykSkyline NetworksSpeakerbusfindrFreestyle CutsSpanacomSe v ce on oked UKMode BedsDryftBlackstar SolutionSMAP EnergyCuvvablow LTDSALIISUniphyConversantTickerSlerpSoc a hopp ngChester Digital SuppliesRJK Security SystemsFLXFlightIvory EggAnansi TechnologyInsurercoreMap CoverF&W NetworksMeetupcallLightning FibrePaperExpression InsuranceImagoInslyKudo InsuranceBikmoHolofyHermit OfficesMums Bake CakesMenu GuruPerfect DataAvant Home TechnologySaville GroupKarma AnyGood?SafeSharefibodoIncrediblueUnder the DoormatCottages in NorthumberlandRicher ban DNAAerial DirectHughubBalance ReGoGetterscSeekerTelecom2etouch ble t SolutionsBridge FibreCytiMonkey Tree HostingStashbeeFreedom WorksBCH SolutionsHelicopter SharingPedal MeHalo Insurance ServicesLakaSoldoIncutoGuestReadyVoicehostTaylor Made Computer SolutionsHlthieMarq MillionsGUARDHOGMicroMktFlower TelecomBorrow a BoatGlamorgan TelecomClarus Site SolutionsManageMyHigh-levelUK techecosystemstats.FabricHP InsurTech GatewayhonchoRadius Payment SolutionsBought By ManyiClaim SolutionsAtticus AssociatesGoCarShareNestor StaySoConnectWaggelTo say this last year has been a tough one feelslike the understatement of the century. However,this was a year where tech was placed at theforefront. It helped to bring people together,as well as playing a key role in keeping thingsfunctioning. 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Tech Nation's performance in numbers Tech Nation from startup to scaleup Tech Nation in the pandemic 2020/21 highlights Our partner ecosystem 03 04 06 08 10 12 14 16 18 Introduction. During a year that changed the face of the world entirely, Tech Nation is both proud and humbled to have played a vital role in the tech scaleup success stories .

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