Excellent - at last I can post some good news :)

There was big news for technology startups reported in the Guardian over the last weekend.

The National Endowment for Science, Technology and the Arts (aka Nesta) together with the UK government have announced a new one billion pound fund specifically for pre-revenue technology startups.

There’s still very little detail about this fund at present, and there are some open questions about:

  • how will this money be raised?
  • how will this money be managed and allocated?
  • will this really be new money - or will it be existing funds redirected?

Much of this speculation can be seen in the comments on TechCrunchUK.

So I’m very happy to be posting some good news* for a change!

* Although, of course, underlying this there is bad news - as the Guardian says “In recent years, private equity, a traditional supporter of early stage firms, has all but pulled out of the sector”