Tech startups will have the opportunity to pitch their ideas to Wikipedia co-founder Jimmy Wales in London later this year.
During December’s Tech Entrepreneurs Week hundreds of tech entrepreneurs will get the chance to present ideas to Wales and his judging panel Dragons’ Den style and get their hands on a £50,000 investment.
Venture capital firms will also be meeting with entrepreneurs at the event, which is the first of its kind in the UK according to the organisers.
Behind the event is tech entrepreneur Martin Warner, co-founder of business networking site Talkbiznow, who will also be conducting a keynote interview with Wales.
He says the tech startup scene in Europe is lagging behind Silicon Valley but London is in a position to turn that around and place itself at the heart of Europe’s techstartup community.
“London is beginning to mount a serious challenge to the Valley’s hegemony. Jimmy Wales’ attendance is indicative of how London is increasingly viewed as a great city in which to launch a technology business,” he said.
“Tech Entrepreneurs Week is designed to fuel London’s emergence as the European centre of innovation and tech entrepreneurship.”
Attendees will be able to meet with some of Europe’s top venture capital companies through various networking events and there will also be a series of workshops and seminars providing feedback, skills, key insights and networking opportunities to develop their businesses.
Tech Entrepreneurs Week will be held at the Dorchester Hotel on Mayfair’s Park Lane 5–9 December 2011.
Meanwhile, eWEEK Europe UK reported last month that Mayor of London Boris Johnson will speak at Digital London, an event designed to promote London as the digital capital of Europe, in March 2012.
Digital London is intended to build up London’s tech credibility during the Olympic year by adding lustre to Tech City, the East London area often referred to as “Silicon Roundabout“ and pegged by Johnson and Prime Minister David Cameron to be part of London’s Olympics legacy.
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...and at £795 per application is it any wonder, "the tech startup scene in Europe is lagging behind Silicon Valley".
£ = Dev time for upstarts, (startups).
Just for anyone interested in pitching for, (Almost) free, (A more reasonable model), AWS have extended their startup competition to Europe if your on the cloud platform http://aws.amazon.com/startupchallenge/ (I have no affiliation with AWS)
Having immersed myself in the start-up scene over the last 6 months I can safely say that there is no shortage of entrepreneurs and excellent ideas; the shortage is of investors and investment, despite (a) a huge mass of people with money to invest and (b) a very generous tax scenario protecting investors from most of the downsides of a failed investment.
The main difference between the start-up scene in the US and Europe seems to be a willingness on the part of those with money to invest some of that wealth in start-ups with innovative ideas, and to invest "pre money" i.e. to take some risk.
What does Jimmy Wales know about financing UK tech startups? How much of a tech business can you build with £50K? Why would cash-strapped entrepreneurs want to fund an event at the Dorchester? Who are the "leading VCs" that will be attending? etc etc
Am I missing something really important here? *sigh*
thanks for your comments all - my email brings another free alternative. Cambridge Wireless has a "discovering wireless startups" event on 8 December
http://www.cambridgewireless.co.uk/discoveringstartups/
I've received an email from the BBC confirming they do not sponsor this event, despite Tech Entrepreneurs Week claiming they did... suspicious yet?