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UK energy tech startups are struggling to scale – here's why

#artificialintelligenceMar-9-2022, 13:05:58 GMT

The UK tech industry is booming, with startups raising more than £29bn in 2021. But some sectors are booming more than others. Recent data shows that UK energy tech startups are struggling to scale compared to other areas, such as fintech and AI. There are 950 energy tech companies in the UK and yet 47.6% of them are "stuck" at the seed investment stage, according to a report by entrepreneur network Tech Nation. Crucially, the'Emerging Energy Tech Report' found that for every UK energy tech startup at a seed or early growth stage, just 0.2 make it to a late-stage company.

energy tech startup, investment, uk energy tech startup, (8 more...)

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Country:

Europe > United Kingdom (1.00)
North America > United States (0.05)

Industry:

Energy (1.00)
Banking & Finance (0.73)
Information Technology (0.62)
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Technology: Information Technology > Artificial Intelligence (0.31)

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