City Meets Tech is an initiative to get the City of London finance community to invest in technology startups. ‘Silicon Roundabout’ is only a half-mile away from Finsbury Square, but they are worlds apart and we aim to bridge the gap.
The first event was run for the City, to educate people in that startups do generate exits and that there’s a vibrant startup scene.
Since then there have been… · More quarterly pitch events and around 1/3 of companies that pitch secured funding through a City Meets Tech event. (There’s probably even more than that, but startups don’t have to feedback if they do get funding).
Events are always free i.e. no pitch fees and no percentages of any money raised; we just run the events and it’s up to the companies pitching to network with the angels present.
The UK has a lot of talent based around Silicon Roundabout / TechCity and the aim is to help innovative startups flourish and succeed – not make money out of them – just when they need the capital to grow.