Wales ‘a positive environment’ for technology companies
Wales is an exciting place for technology companies right now,
especially in the start-up space. Recent research has shown a 30%
increase in equity investments across Wales – bucking the UK trend
– with a 19% increase in seed funding for life science
Wales is seen as good place for start-up and early growth
companies. Why is that? It’s down to a number of factors.
Welsh universities are leading research into a number of key
technology sectors, with ideas stemming from Masters and PhD
projects often making it to the wider market. We have world leading
researchers helping guide the next generation, fostering innovation
We also have state-of-the-art facilities provided in a number of
supportive technology ‘hubs’ in Wales. These include; the Hatchery,
run by Entrepreneurial Spark in Cardiff, the Life Science Hub in
Cardiff, the Technium in Swansea, Welsh ICE in Caerphilly (with a
second ICE hub opening in north Wales soon) and the Digital
Innovation Hub in Newport.
These hubs offer more than just space for fledgling companies –
they allow start-ups to collaborate within their sectors, share
marketing resources and offer links to supportive investors. The
ability to collaborate and share work space and best practice with
fellow technology entrepreneurs in your sector is invaluable.
There’s a good cross-section of opportunities here too; from
FinTech and software as a service, through to engineering and
manufacturing, life science and MedTech and even optoelectronics
(that’s lasers to you and me!).
Here are just a few examples of companies we’ve invested in
Amplyfi – Cardiff-based, AI specialists searching the deep web
for trends and analysis. They’ve completed three funding rounds in
the last 12 months.
- North Wales-based
BiViTriX are researching new ways to tackle cancer.
- Gaia are a manufacturing and renewable technology company based
in Llanelli, they build solar powered generator systems for the
RateSwitch are a property technology company based in Cardiff,
their software finds the best mortgage deals.
PulmonIR – Swansea-based PulmonIR are leading the way with
their research in to COPD treatments.
The success and growth of these companies is down to the
positive, supportive and collaborative environment we have here in
Wales, as well as the inventiveness of the people behind them.
The UK is a leading innovator and investor, according to the
recent Tech City 2017 report the UK invested 50% more into
technology companies last year than any other European country. The
report also highlighted the importance of hubs and bases in places
like Wales – which help foster entrepreneurial growth.
We have a vibrant technology scene with good deal-flow through
our technology ventures and main-stream teams. What’s more we
are leveraging some 50% private sector funding on our investments,
a significant vote of confidence in the high tech start-up space in
We’re excited to talk to ambitious new start-ups and
early growth companies looking for finance. If that’s you, please
get in touch by emailing email@example.com
or calling 0800 587 4140.