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 City Meets Tech aims to bridge the gap.
The first event was run for the City, to educate people in that startups do generate exits (and the UK has seen a few big ones) and that there’s a vibrant start-up scene.
Since then there have been 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).
Pitch events are always free i.e. no pitch fees and no percentages of any money raised; City Meets Tech just runs 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 UK 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.
Applications will open for the next event, when we know when it is.
City Meets Tech started informally through a random set of meetings with Steve Karmeinsky (was Kennedy) and James Rowsell, and subsequently with Jason Trost of Smarkets.
City Meets Tech is trying to bridge the gap between the city and TechCity UK and get investment flowing out of the City into tech startups.
Currently City Meets Tech organises quarterly startup pitch events where approx 8 startups pitch to a room full of business angel investors, and we’re trying to set-up an SEIS approved fund that specialises in early stage investments.