amee was one of a number of highly promising technology start-ups to attend yesterday’s event at the Tech City Investment Organisation in London’s East End
The event, held next to amee’s offices on Old Street’s ‘Silicon Roundabout’, saw UK Chancellor George Osborne back plans for a ‘High Growth Segment’ on the London Stock Exchange.
The segment, to be called the Future Fifty, is part of a strategic plan to support the UK’s technology sector. It will help the UK’s most promising and innovative companies gain access to significant funding and transform them into global businesses.
This comes in the wake of growing concern that many of the UK’s brightest technology prospects were moving to the US.
As Tech City CEO and former Facebook executive Joanna Shields said: “Too many companies leave our shores when they become successful. The Future Fifty programme will reverse this trend and ensure that the UK remains the best place in Europe to imagine, start and grow a business”.
Tech City has become a big part of the government’s plans to get the British economy going again and last month received strong backing from Prince Andrew.
The move to back the UK’s fastest growing technology companies should be strongly welcomed, especially after a number of Tech City start-ups criticised efforts to gain funding as “bureaucratic, laborious and lacking transparency”.
As an innovative start-up positioned between two of the UK’s most promising industry sectors – technology and environment – amee’s work is an example of the services which will help to revive the UK economy.