City Meets Tech is an initiative to get the City of London banking community to invest in technology start-ups. ‘Silicon Roundabout’ is only 1/2 a 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 that start-ups 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 pitch events runs quarterly and around 1/3 of companies that have pitched have had funding through a City Meets Tech event (there’s probably more, but start-ups 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 / TechCityUK and the aim is to help innovitive start-ups 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.
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