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24 April, 2015 - 11:47 By Kate Sweeney

Wireless summit reflects power of startups

Chancellor Osborne - government policy increasingly placing entrepreneurial innovation as top priority

Cambridge Wireless is putting together a dedicated startup zone at this year’s Future of Wireless International Conference to recognise the growing importance of new businesses to the UK economy.

The network is building on recent research showing how startups in the Cambridge technology cluster are thriving and on Budget pledges from Chancellor George Osborne to throw millions at next generation technologies.

All the figures show how startups are disrupting the UK tech sector and the startup zone will reflect this at the conference, which is being held at the Emirates Stadium in London on June 23 and 24.

Chancellor Osborne stressed that government policy was increasingly placing entrepreneurial innovation as a top priority, especially within technology. The 2015 budget pledged £500 million towards next generation technologies to trigger further growth in the UK economy. Osborne also promised to review regulation which was inhibiting innovation within disruptive technology.

Cambridge Wireless said the UK was fast becoming the entrepreneurial hub of Europe and Cambridge was one of the cities flying the flag. It added that Cambridge finds itself at the very centre of the boom – bringing in an impressive £135 million in investment funding in 2014, second only to London.

Research from Barclays and Business Growth Fund recently revealed that 8.6 per cent of 18 to 64-year-olds were involved in startups. A growth in crowdfunding, incubators and accelerators, had made it easier than ever for startups to get off the ground, Cambridge Wireless added.

The move to include a startup zone at the Future of Wireless event has been welcomed by Benedikt von Thuengen, CEO at Speechmatics – a young speech recognition company  – who said: “The typical timeline from taking a hi-tech product from inception to market has been reduced substantially in the last decade. “These shorter product lifecycles coupled with extremely low entry barriers means that technology startups are booming; but as a result it has become a crowded marketplace with a lot of background noise making it more important than ever to stand out from the crowd.”

Gerlinde Gniewosz, CEO of successful startup KO-SU, added: “The Start-up Zone will be a fantastic opportunity for UK and international startups to exhibit the hottest technologies, apps, solutions and gadgets they have to offer. “As winners of the CW Discovering Start Ups Competition last year we are very excited to have another platform to showcase ourselves.”

• For more information on the conference, visit: http://www.cambridgewireless.co.uk/futureofwireless/default.aspx
To book a table for the Start-Up Zone or access further information contact Lisa Ellis onlisa.ellis [at] cambridgewireless.co.uk"> lisa.ellis [at] cambridgewireless.co.uk, or call +44 (0)1223 967103.
 

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