INNOVATION \ CHANGE

Latest Features

UK EU exit threatens R&D funding pipeline

27 May 2016 in Research

UK BrexitThe UK risks losing research financing of some £1 billion a year if it leaves the EU, with organisations such as the University of Cambridge, the University of Oxford, Rolls-Royce and the BBC all losing significant R&D funding. Currently, one-quarter of all public funding for research in the UK comes from the EU – last year, the amount of new grant funding awarded to the country totalled £967 million, according to a report, Examining Implications of Brexit for the UK Research Base, from Digital Research.

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Teched up office

27 May 2016 in technology

Office techA huge 70% of US office workers say they love their job, with access to cutting-edge technology the major contributor to their overall satisfaction, above perks such as food, slick office design and onsite amenities. And employees who think their firm’s tech is ahead of the curve feel twice as creative, motivated and valued as those who reckon their company is behind the times.

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UK equity crowdfunding spikes

26 May 2016 in Finance

CrowdfundingWhile 2015 was a strong year for UK equity investment in terms of the total amount invested, the number of fundraisings spiked just 3% from 2014. This is a marked slowdown following three years of sustained double-digit growth and if it weren’t for the continued rise of crowdfunding, then the decline would have been even more serious, says Beauhurst in its the Deal 2015/16 report.

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Desking up Camden

26 May 2016 in Sharing economy

Interchange coworking LondonUK working space outfit Interchange has opened its flagship building, Atrium, in the Stables Market in London’s Camden. The new site comprises some 600 work stations arranged as hot desking areas and private offices, plus an events space, restaurant, ‘innovation lab’ and cafe, with a gym slated to come onstream later this year. Atrium is Interchange’s third office in its network of Camden co-working locations which aim to attract entrepreneurs, start-ups and creatives.

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Beginning of an Ara

25 May 2016 in -e.mobile

project araGoogle has begun showcasing its Project Ara smartphone which the digital behemoth is looking to ship to consumers sometime in 2017. Ara’s hook is that it’s a modular device, with users able to plug different units – think speakers, cameras et al – into a smartphone core comprising a screen, CPU, memory and battery, all housed in a single frame.

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Fintech deals hold up in face of uncertainty

25 May 2016 in Finance

Europe fintechVenture capital-backed fintech firms raised $4.9 billion across 218 deals worldwide in the first quarter of the year. Factor in activity from angels, PE firms, mutual funds and hedge funds and that runs to $5.7 billion across 468 deals for the period. And in Europe, fintech activity spiked 27% on a quarterly basis to hit a five-quarter high, with VC-backed fintech outfits pulling in $348 million across 47 transactions, according to the Pulse of Fintech report from KPMG/CB Insights.

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VR gets front row seat

24 May 2016 in Innovation

imax cinema VRIMAX is joining forces with Google to develop a cinema-grade virtual reality camera – tagged the IMAX VR – to help filmmakers create 3D 360-degree content. The high-res camera, to be constructed from the ground up, will be built on Google’s existing Jump 360 video assembler platform, and will look to deliver high-quality, ‘most-immersive’ virtual reality content. IMAX will also provide Google with exclusive access to pre-existing IMAX documentary content for conversion and use with Google VR technology.

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Common way of life

24 May 2016 in Innovation

Havemayer colivingStart-up watch: Co-living has legs. Community-living start-up Common has just opened a new 51-bedroom location in New York’s Williamsburg where residents stump up around $1,800 a month – longer stays earn discounted rates – for a furnished bedroom and use of common areas. The new site, Havemeyer, adds to Common’s existing Brooklyn operations in two Crown Heights brownstones and is a significant step-up in terms of rooming capacity.

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Latest News

Ripping up music

20 May 2016 in Music

Illegal streaming websites are the largest providers of pirated music, accounting for over 35% of all illicit global traffic in 2015, ahead of infamous Torrent sites (28%).

Xiaomi seeks India floorspace

5 May 2016 in Mobile

Cool Chinese smartphone maker Xiaomi is looking to break into direct sales in India after making its name in the market through online flash sales.

Tough for vinyl

3 May 2016 in Music

Vinyl just keeps on making music industry tracks as consumers get increasingly physical.

Esports drive future gaming

26 April 2016 in Video

Tuesday metric: The global gaming market will be worth close to $100 billion in revenues this year, a healthy spike of 8.4% on the 2014 total.

No contact

25 April 2016 in -e.showcase

Contactless payments aren’t everyone’s bag – in fact, one third of UK shoppers never go that route because they don’t trust it.

Bring on the Gallic girls

22 April 2016 in Innovation

Three-quarters of French start-uppers are under the age of 34 – with 35% are between 25 and 29 – and almost half graduated from one of France’s elite schools.

Music’s digital spike

18 April 2016 in Music

Digital became the dominant stream for recorded music in 2015, overtaking sales of physical formats for the first time with 45% of total worldwide revenues.

UK tech gets international

5 April 2016 in technology

One in five directors of UK tech companies are foreign nationals, representing a 133% spike in overseas directors of tech start-ups since 2010.

Youth inspired

4 April 2016 in Innovation

Google Campus London has launched its Future Founders programme for young entrepreneurs and is aiming to put 60 young adults through the scheme every month.

No firm ideas

31 March 2016 in -e.showcase

So, how many UK teens are keen to become entrepreneurs? Not that many, according to a Google survey.