Regional tech report: Wales 2 – UKTN

Date:

Wales is home to numerous tech clusters that foster collaboration, networking, and knowledge sharing among startups, investors, and established businesses.

There’s also an array of great landing places for early-stage and spinout businesses across Wales, including Tramshed Tech, a community of tech startup and scaleup businesses in Cardiff and Newport, Sbarc in Cardiff and M-Sparc in North Wales both offering a hub for innovation, startups and spinouts.

With world-leading expertise in sectors like fintech, compound semiconductors, medtech and cybersecurity, Wales benefits from world-class universities and spinouts that are actively involved in research and development programmes. There’s no doubt that this strengthens the clusters that we have here, while collaboration between industry and academia plays an important role in developing the skills and talent required for the tech sector to grow.

For example, programmes offered by the Alacrity Foundation are helping to support the next generation of entrepreneurs. Their alumni include Ieuan Leigh, Katie Turnbull, Thomas Elliott and Gareth Williams, the founding team of Valident who completed the Alacrity Foundation programme in 2021. The Newport-based tech venture is helping the professional services sector to keep up with increasing regulatory compliance. With two investment equity rounds totalling £440,000 from the Development Bank and co-investors Wesley Clover, Validient is the only Welsh tech company to get a place on the LawtechUK Programme, supporting UK- wide expansion plans.

There’s an incredibly supportive ecosystem here in Wales that has matured significantly over the last five years meaning that there’s always help available for those starting, growing and scaling a business. Indeed, it’s the ecosystem that is really driving the growth of the tech sector and the wider economy in Wales.

Share post:

Popular

More like this
Related

Cancer Horoscope Today, 20-June-2024: Discover what stars say about your career, finance and love

Cancer Horoscope Prediction Today, 20-June-2024: What good is life...

Gemini Horoscope Today, 20-June-2024: Discover what stars say about your career, finance and love

Gemini Horoscope Prediction Today, 20-June-2024: Today, you are likely...

Aries Horoscope Today, 20-June-2024: Discover what stars say about your career, finance and love

Aries Horoscope Prediction Today, 20-June-2024: You will remain undecided...

Aquarius Horoscope Today, 20-June-2024: Discover what stars say about your career, finance and love

Aquarius Horoscope Prediction Today, 20-June-2024: Money matters are very...