8 founders, leaders highlight fintech and deep tech as Bristol’s top sectors – TechCrunch

The U.Ok. is gaining in recognition as an excellent place to start out a tech agency. The nation is shortly catching as much as China on the tech funding entrance, with VC investments reaching a document of $15 billion in 2020, in accordance with TechNation. A worldwide well being disaster however, London remained a favourite for buyers. U.Ok. cities made up a fifth of the highest 20 European cities, with names reminiscent of Oxford, Dublin, Edinburgh and Cambridge rising to the fore in 2020.

Bristol proved particularly standard amongst tech buyers final 12 months — native companies raked in a powerful $414 million in 2020, making it the third-largest U.Ok. metropolis for tech funding. Town additionally has probably the most fintech startups per head within the U.Ok. outdoors London, in accordance with Whitecap’s 2019-2020 Ecosystem Report.

Efforts by town’s non-public and public sectors to modernize town have helped it rank among the many high sensible cities within the U.Ok., attracting a bevy of tech entrepreneurs. Its proximity to London has meant that it’s a good different for founders searching for a extra inexpensive keep whereas letting them faucet the capital’s monetary assets. The College of Bristol additionally has the biggest robotics division in Europe.


Use low cost code HARBOURSIDE to save 25% off an annual or two-year Further Crunch membership.
This supply is just out there to readers within the U.Ok. and Europe, and expires on August 31, 2021.


Bristol can be residence to an vital startup accelerator, SETsquared. A collaborative effort by the 5 universities of Tub, Bristol, Exeter, Southampton and Surrey, the accelerator has supported over 4,000 entrepreneurs and helped their startups elevate a complete of £1.8 billion. Different startup help gamers embrace the brand new Science Creates VC fund, arrange by entrepreneur Harry Destecroix, and TechSPARK Engine Shed.

Key rising startups from Bristol embrace Graphcore, Open Bionics, Ultraleap, Immersive Labs and 5 AI.

To get a greater thought of the state of the tech ecosystem and the investor outlook for this metropolis, we surveyed founders, leaders and executives concerned in nurturing Bristol’s startup ecosystem.

The survey revealed that town has a strong renewable, zero-carbon and fintech startup panorama. Robotics, VR, bio, quantum, digital and deep tech are additionally areas displaying promise. As for the investing scene, though Bristol has a wholesome angel community, town lacks institutional VC, however with London solely a drive or prepare journey away, this has not proved a major downside.

We surveyed:


Coralie Hassanaly, innovation advisor, DRIAD

Which sectors is Bristol’s tech ecosystem robust in? What are you most excited by? What does it lack?
Bristol is powerful in renewable and zero-carbon innovation, fintech and robotics. It’s weak in {industry} 4.0.

That are probably the most fascinating startups in Bristol?
Graphcore, LettUs Develop, Open Bionics, Ultraleap and YellowDog.

What are the tech buyers like in Bristol? What’s their focus?
Loads of concentrate on fintech, I feel.

With the shift to distant working, do you assume folks will keep in Bristol or will they transfer out? Will others transfer in?
Bristol is a superb center floor between a big dynamic metropolis (plus it’s not removed from London) and entry to good countryside space. With distant working we are able to count on it’ll appeal to new residents within the subsequent few years.

Who’re the important thing startup folks within the metropolis (e.g., buyers, founders, legal professionals, designers)?
Aimee Skinner, Abigail Frear and Stuart Harrison.

The place do you assume town’s tech scene can be in 5 years?
Second main metropolis in U.Ok. innovation.

Pete Learn, CEO and founder, Persona Training

Which sectors is Bristol’s tech ecosystem robust in? What are you most excited by? What does it lack?
Bristol is powerful in media/animation, edtech, social impression, well being and science. I’m most excited by edtech and the chance to achieve and positively impression hundreds of thousands of scholars by way of on-line studying. It’s weaker in {hardware} and fintech.

That are probably the most fascinating startups in Bristol?
Kaedim, Persona Training and One Massive Circle.

What are the tech buyers like in Bristol? What’s their focus?
There are a number of very energetic tech funding networks coming from a number of angles, e.g., university-led, teams of personal angels and tech incubators. The nice factor is all of them collaborate and share assets, concepts and experience in initiatives reminiscent of The Engine Shed and Silicon Gorge.

With the shift to distant working, do you assume folks will keep in Bristol or will they transfer out? Will others transfer in?
Extra individuals are transferring in, as Bristol has an excellent city way of life with quick access to the countryside and Southwest/Wales vacation spots, and a world airport 20 minutes from the middle.

Who’re the important thing startup folks within the metropolis (e.g., buyers, founders, legal professionals, designers)?
Jerry Barnes at Bristol PE Membership; Abby Frear at TechSPARK; Briony Phillips at Rocketmakers; Jack Jordan-Connelly at SETsquared.

The place do you assume town’s tech scene can be in 5 years?
It’s creating quickly with a number of help, so it will likely be larger, attracting extra funding and positively extra on the worldwide scene 5 years from now.

Kiran Krishnamurthy, CEO, AI Labs

Which sectors is Bristol’s tech ecosystem robust in? What are you most excited by? What does it lack?
Our tech ecosystem is powerful within the aerospace and protection sector. We’re excited by the scope and scale of digital transformation alternatives with AI out there on this sector. The primary weak spot on this sector is the gradual tempo of transformation, particularly now as a result of pandemic.

That are probably the most fascinating startups in Bristol?
Graphcore and YellowDog.

What are the tech buyers like in Bristol? What’s their focus?
In comparison with the U.Ok. tech sector common, Bristol has a very low proportion of established corporations (4% versus 8%), a better proportion of seed stage corporations (42% versus 37%), and a better demise price (21% versus 17%). It’s a very younger ecosystem.

With the shift to distant working, do you assume folks will keep in Bristol or will they transfer out? Will others transfer in?
It’s attainable that individuals transferring out of London will come into Bristol as a result of transport hyperlinks, robust ecosystem and delightful nature of town.

The place do you assume town’s tech scene can be in 5 years?
I wouldn’t be shocked if Bristol seems to be San Francisco of Europe!

Simon Corridor, director, Airway Medical

Which sectors is Bristol’s tech ecosystem robust in? What does it lack?
Bristol is powerful within the medtech, veterinary, industrial sectors.

With the shift to distant working, do you assume folks will keep in Bristol or will they transfer out? Will others transfer in?
Others have moved in.

Who’re the important thing startup folks within the metropolis (e.g., buyers, founders, legal professionals, designers)?
SETsquared.

The place do you assume town’s tech scene can be in 5 years?
We are going to see large development in 5 years.

Ben Miles, CEO, Spin Up Science

Which sectors is Bristol’s tech ecosystem robust in? What are you most excited by? What does it lack?
Our sector is weak in entrepreneurial ambition amongst researchers, and so suffers from low charges of deep tech spinout exercise from main universities. We’re most excited by the step change in exercise we now have seen previously two years and tradition shift in the direction of innovation.

That are probably the most fascinating startups in Bristol?
Rosa Biotech, Albotherm and CytoSeek.

What are the tech buyers like in Bristol? What’s their focus?
Medium power in shallow tech; presently weak in deep tech.

With the shift to distant working, do you assume folks will keep in Bristol or will they transfer out? Will others transfer in?
Persons are transferring in.

Who’re the important thing startup folks within the metropolis (e.g., buyers, founders, legal professionals, designers)?
Spin Up Science, Science Creates and Science Angel Syndicate.

The place do you assume town’s tech scene can be in 5 years?
Very robust in deep tech with an invested local people of entrepreneurs, incubators and buyers.

Rupert Baines, ex-CEO, UltraSoC

Which sectors is Bristol’s tech ecosystem robust in? What are you most excited by? What does it lack?
Bristol is powerful in wi-fi (5G, 60 GHz, and many others.), semiconductors (particularly processors, AI/ML and parallel architectures), robotics and different laborious tech/deep tech.

That are probably the most fascinating startups in Bristol?
Graphcore, Ultraleap, Blu Wi-fi and 5 AI.

What are the tech buyers like in Bristol? What’s their focus?
It’s restricted. There are some angels, however few regionally centered funds.

With the shift to distant working, do you assume folks will keep in Bristol or will they transfer out? Will others transfer in?
A lot the identical: Individuals select to stay in Bristol/Tub for high quality of life. A lot of the work is already exterior — commuting to London.

Who’re the important thing startup folks within the metropolis (e.g., buyers, founders, legal professionals, designers)?
Nigel Toon, Simon Knowles, Stan Boland, David Might and Nick Sturge.

The place do you assume town’s tech scene can be in 5 years?
A lot stronger, with extra processor and {hardware} exercise.

Mathieu Johnsson, CEO and co-founder, Marble

Which sectors is Bristol’s tech ecosystem robust in? What are you most excited by? What does it lack?
Bristol has a powerful robotics, aerospace and renewables scene. I’m most excited to see how the legacy in aerospace in Bristol will translate to future industry-defining corporations. The ecosystem is weak on the investor facet, although London VCs are lower than a two-hour prepare journey away.

That are probably the most fascinating startups in Bristol?
Graphcore, Ultraleap and Open Bionics.

With the shift to distant working, do you assume folks will keep in Bristol or will they transfer out? Will others transfer in?
I consider Bristol will develop into extra engaging.

Who’re the important thing startup folks within the metropolis (e.g., buyers, founders, legal professionals, designers)?
Tom Carter at Ultraleap, and Joel Gibbard at Open Bionics.

The place do you assume town’s tech scene can be in 5 years?
Getting nearer to London and Cambridge.

Chris Erven, CEO, KETS Quantum Safety

Which sectors is Bristol’s tech ecosystem robust in? What are you most excited by? What does it lack?
Bristol has a powerful biotech, quantum, digital, science-based/deep tech ecosystem. I’m excited by this eclectic metropolis with thrilling folks that assume in a different way.

That are probably the most fascinating startups in Bristol?
Any QTEC, SETsquared, or UnitDX members and alumni.

What are the tech buyers like in Bristol? What’s their focus?
Very early/nascent, largely angels.

With the shift to distant working, do you assume folks will keep in Bristol or will they transfer out? Will others transfer in?
Most likely transfer in! Lovely inexperienced areas round, a number of fascinating, unbiased retailers. And (nearly) commutable from London.

Who’re the important thing startup folks within the metropolis (e.g., buyers, founders, legal professionals, designers)?
The incubators — QTEC, QTIC, SETsquared and UnitDX; Bristol Non-public Fairness Membership; Harry Destecroix.

The place do you assume town’s tech scene can be in 5 years?
Buzzing. Extra nice startups and VCs transferring in.




Supply hyperlink

About vishvjit solanki

Check Also

Facebook Wants to Court Creators. It Could Be a Tough Sell.

SAN FRANCISCO — Over the previous 18 months, Chris Cox, Fb’s prime product govt, watched …

Leave a Reply

Your email address will not be published.

x