The first Mayor of London Tech Invest programme launches in partnership with UKBAA
The first in the series of the Mayor of London’s TechInvest Programme launched on January 18, 2018 at London’s Living Room, atop the iconic City Hall. In partnership with UK Business Angels Association, the Mayor of London’s TechInvest welcomed an audience of over 130 investor and industry experts with a total combined investment capacity of over £1.2bn. The leading 10 presenting AI businesses were selected from over 67 applicants by a panel of industry expert judges, which included Simon Menashy – Partner at MMC Ventures, Ben Blume – Principal at Atomico, Wendy Tan White – Partner BGF Ventures and Hitesh Thakrar – Partner at Syncona. The evening featured a warm welcome from Deputy Mayor Rajesh Agrawal, and insightful presentations on the future of AI and London’s AI tech space by guest speakers Verity Harding, Co-Lead DeepMind Ethics and Society and Tabitha Goldstaub, Co-Founder of CognitionX who was also a judge. Throughout the evening we heard presentations on Artificial Intelligence and machine learning covering various sectors including autonomous vehicles and road safety, health and social care, housing, infrastructure and construction, finance and insurance and retail and commerce.
The businesses that pitched to investors on 18th January included:
- Cera Care
- Humanising Autonomy
- Informed Actions
- Skin Analytics
Mayor of London Sadiq Khan stated, “London’s tech sector is the envy of cities around the world. It makes a massive contribution to our economy and plays a crucial role in London’s international reputation as a hub for innovation. I’m proud to launch my TechInvest events, in partnership with the UKBAA, and to lead by example in supporting this thriving sector. These events will showcase the fantastic creativity of these companies and will enable the city’s tech entrepreneurs to connect with the leading investors. I’m confident that by helping them access much-needed investments they can realise their potential to grow and develop.” It is with the support of the Mayor of London and UK Business Angels that we see a ground-breaking future for not only London-based innovators, but the city as well.
Jenny Tooth CEO of UKBAA said: “UKBAA is delighted to be partnering with the Mayor of London for this TechInvest programme, designed to showcase the best of the capital’s tech entrepreneurs to leading investors over the next 4 years . At this first event, we will be presenting 10 entrepreneurs, selected by our expert judges, who are using the benefits of Artificial Intelligence and machine learning to bring innovative solutions to key challenges of relevance to London. We hope that as a result of this event many of these tech entrepreneurs will attract the investment they need to further grow and scale their AI-focused businesses”.
This four year event series will see another 4 events taking place in 2018, featuring various growing tech sectors and the next event will take place in March focusing on Augmented and Virtual Reality.
For further details of the AI event, pictures and forthcoming events see www.techinvest.london