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tech-funding

We really like the new initiative from TalkTalk and Founders Forum as they begin their quest to find ten emerging young tech entrepreneurs to showcase their business ideas. This is a £10,000 pitch opportunity that could bring tech concepts to realisation, when FFactor choose 10 finalists to pitch their ideas to a panel of leading investors including LinkedIn’s Reid Hoffman, Skype’s Niklas Zennstrom, Lastminute.com’s Baroness Martha Lane Fox and Phil Libin, CEO of Evernote.

Young entrepreneurs will not be judged on their past achievements or business knowledge – all they need to have is the start of a great idea. This is a wonderful opportunity for the winners of this initiative to learn from business veterans.

It’s obvious that 2015 is the year to inspire a new generation to get creative with digital technology. At a Digital Youth Council meeting, made up of tech-savvy youngsters aged 9-17 as chosen by Virgin Media Business, Richard Branson has insisted that digital skills are extremely important for the future of the UK’s economy.

Branson, said: “Britain is a digital leader, however our businesses will fall behind if students leave school without vital digital skills. Much is being done by the government to address this, but we need to make sure that the views of tech-savvy pupils aren’t overlooked. The Digital Youth Council is a great example of how we can harness the skills and views of young people and create digitally savvy entrepreneurs of the future.”

The digital sector is going to be an increasingly important contributor to the UK economy. According to a recent report by Tech City UK, there are over 47,000 digital technology businesses in the UK, with over 50 per cent of these founded less than five years ago – making up a huge portion of the SME market.

Read more about FFactor

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