TLA unveils new initiatives to support London's tech entrepreneurs

Tech London Advocates (TLA), a coalition of individuals from government, technology and business that champions London’s potential as a hub for tech and digital businesses, announced a bundle of new initiatives this week designed to help tech start-ups in the capital grow and develop.

Speaking on TLA’s first anniversary, at an event in London’s Guildhall on Tuesday, Melinda Nicci, Tech London Advocate and founder of healthcare start-up baby2body, announced a competition to find innovative digital healthcare start-ups, as well as those working in biotech and medtech.

The competition is being run by TLA’s Health Tech Working Group, which aims to encourage health technology companies in London.

Shortlisted start-ups will receive mentoring from several of the 500 advocates and the winner will be given a platform to speak in front of investors, company founders and tech experts at the next TLA event this autumn.

“We have a group of highly experienced and enthusiastic mentors ready to offer their help and advice to get your start-up on the road to success,” said Nicci.

“We are aiming to provide a platform for tech startups in the digital health space, enabling them to grow by leveraging the unique crowd capabilities of the TLA, and creating a more vibrant high-growth entrepreneurial community in health tech for London,” she added.

Interested entrepreneurs should apply via the TLA website by 21 May 2014.

TLA also announced two new initiatives, set to be introduced over the next year, that are designed to help start-ups raise capital.

The first is a series of investor roundtables that will be held in conjunction with Morgan Stanley and Credit Suisse.

Each roundtable will have a set theme, such as cybersecurity or financial technology.

The roundtables will put some of London’s most exciting start-ups in direct contact with big investors, according to Chris Blundell, who heads up the TLA Capital and Investment Working Group.

The second initiative is a “landmark investor summit” that is due to take place early next year and is being held in collaboration with Tech City UK, the London Stock Exchange and UKTI.

Blundell said the summit will be London’s blue ribbon investor event, adding that it will shine the spotlight on UK start-ups.

Last month, the advocacy group launched its "Triage" service, which offers free mentoring and advice to start-ups through over 120 of the Tech London Advocates, who have eached pledged to allocate just one hour per month to their share expertise on areas such as funding, tax enquiries, marketing and recruitment.

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Copyright © 2014 IDG Communications, Inc.

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