Glasgow-based Kingdom Technologies has secured £2 million in funding from Scottish Enterprise and other UK and European investors. The product? Commercial robotic lawn mowers. The company was founded in 2018 and has grown rapidly since, bringing in multiple startup competition awards across Scotland and raising over £800,000 in funding from private investors and public funds. [...]
Sonio, a Paris-based startup focused on improving prenatal care with artificial intelligence, has secured €5 million in new funding. This funding round was led by Elaia, OneRagtime, and Bpifrance. The startup’s pioneering technology aims to guide practitioners during ultrasounds to optimize their treatment and diagnosis. They leverage 5 years of R&D and clinical development expertise [...]
SiFive, Inc., a fabless semiconductor company, has announced the opening of its new UK Research & Development (R&D) Center headquartered in Cambridge, United Kingdom. Along with this new facility, the company is committed to hiring more than 100 new employees across a range of roles. SiFive is the first company to produce a chip that [...]
Nearly half a million UK businesses will benefit from a tax cut worth up to £1,000 starting from the 6 April 2022. Tax cut worth up to £1,000 for eligible businesses announced by the Chancellor at the Spring State. Increase in Employment Allowance from £4,000 to £5,000 benefits around 495,000 businesses which is 30% of [...]
There are over 6 million small and medium businesses in the UK. So it's no surprise that small businesses submitted the majority of R&D tax claims last year. Additionally, this year the number of claims has increased once again What is considered a small business? Less annual revenue- small businesses often have small scale operations. [...]
HMRC’s Birmingham regional centre and UK Government hub has been formally opened by Jim Harra, HMRC’s first permanent secretary and chief executive Following the opening of the regional centre, HMRC will maintain a presence at its West Midlands office at Telford Plaza, which is home to close to 750 employees The new Regional Centre: [...]
In response to the use of facial recognition technology by two retail giants, Australia's privacy watchdog has launched an investigation. A number of Bunnings hardware stores and Kmart department stores collect customers' fingerprints. Despite consumer groups calling the technology unethical, invasive, and misused, Choice says it is being used without proper consent or rationale. Both [...]
Meta and the Information Commissioner's Office (ICO) are holding a meeting to discuss how Oculus' VR business complies with the regulator's child-friendly guidelines. Its purpose is to ensure that children can access online services that are appropriate for their needs.An under-18s sexting app was found to be harassing recently by a campaign group. According to [...]
The Review The London Stock Exchange has agreed to review declining growth and investments into UK fintech startups. Announced as part of Fintech Week London, the review will bring together key industry partners, regulators, investors, and industry companies to better understand the trajectory of the industry and ensure it thrives. Fintech has been one of the [...]
read time: 3 minutes A fifth (20%) of small businesses in the UK are in serious risk of closure due to the rising cost of living. The biggest areas of concern are the West Midlands and the North East, according research from Tide .Which found that companies are increasingly struggling to handle the ever-rising costs [...]
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