Tech Nation has announced the 25 startups that will participate in the second cohort of this year’s Future Fifty programme — the UK’s only accelerator that focuses on late-stage companies.
Future Fifty supports startups from the Series B to the IPO stage and beyond. Since its launch in 2013, it counts alumni such as Revolut, Monzo, and Skyscanner.
“We use mechanisms of access and growth instead of learning and validation,” Johnny Mayo, programme lead of Future Fifty told TNW.
“The reason for this is our companies typically already have proven product market fit, and our founders will often already have coaches or mentors who have helped them reach this level.”
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To be eligible for the programme, participants must meet a series of criteria, starting with having UK-based headquarters and a digital/tech-enabled business. They also need to be generating £5mn revenue per year or experiencing 50% YoY growth. And they need to have successfully raised Series B funding.
The selected startups in this year’s second cohort have collectively raised almost £1.2bn and employ over 2,500 staff. They’re active in various tech sectors, including healthtech, biotech, energy, quantum, and fintech.
According to Mayo, the accelerator’s approach is strongly experiential.
“While we do have mentors, coaches, and even therapists, they are a small element of the programme,” Mayo said.
“The main value add (beyond the prestige and recognition) is building networks of peers and mentors not so much around founders and CEOs, but instead their C-suite.”
Below is a screenshot of the programme’s schedule:
Meet the 25 finalists:
- Arbor Education: Offering a cloud-based management information system (MIS) for schools
- Bibliu: Bringing students more efficient and equitable access to education through e-textbooks and courseware
- Bumper: A car servicing platform that enables customers to split bills into interest-free payments
- Doctify: Allowing healthcare providers to collect, digitise, and publish patient feedback
- Elliptic: Blockchain analytics for cryptocurrency compliance
- EvaluAgent: Helping call centres improve customer experiences with AI
- First Light Fusion: Developing inertial fusion energy (IFE)
- FlashPack: Arranging holidays for solo travellers in their 30s and 40s
- Funding Xchange: Providing access to personalised business funding
- Fyld: Helping utilities field teams to make data-driven decisions
- Gen H: Enabling homeowners to track and manage their mortgages
- Haiper: Building perceptual foundation AI models for creatives
- Legl: Enabling law firms to digitise and automate operations, such as payment, onboarding, and AML compliance
- Lindus Health: Accelerating clinical trials for healthtech
- Nyobolt: Developing high-performance and fast-charging batteries for EVs and robotics
- OQC: Employing superconducting circuits to develop quantum computers
- Open Cosmos: Using nano-satellites to provide affordable access to space and combat the climate crisis
- Relation Therapeutics: Using machine learning to improve drug discovery
- Quantum Motion: Scaling quantum computing technology
- Scan.com: Providing diagnostic and preventative scanning services
- Secondmind: Helping automotive engineers design better through machine learning
- Signal AI: Decision-making for business leaders through augmented reality
- Veremark: Automated background screening and pre-hire checks for prospective employees
- Vertice: A platform that optimises SaaS and cloud spending for finance leaders
- Volt.io: Facilitating real-time open banking payments
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