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Tech Nation is one of the most important UK network for accelerating and enabling the growth of digital businesses across the UK.
Tech Nation is a growth platform that supports and empowers tech companies and leaders. Their mission is to fuel the growth of innovative founders, scaling companies, and visionary leaders who can bring positive transformation to societies and economies. Through coaching, content, and a vibrant community, Tech Nation provides the necessary resources for tech entrepreneurs to design the future.
Tech Nation plays a pivotal role in catalyzing the infrastructure needed for the 21st-century tech ecosystem. By bringing together purposeful founders, philanthropists, enterprises, policymakers, funds, and institutions, they foster collaboration in building technological innovation that will shape the future, not only in the UK but also beyond its borders.
As part of its renewed mission to become a truly national network of ambitious tech entrepreneurs, they are in the process of establishing their presence, via Entrepreneur Engagement Management on the ground across 11 key clusters, to connect on a local level and help the next generation of UK-based tech entrepreneurs to raise their game through knowledge, skills, resources and connections.
Tech Nation's intervention has directly resulted in the creation of 13,000 jobs nationwide, and their alumni include prominent names in the UK tech scene such as Monzo, Revolut, Just Eat, DarkTrace, Sky Scanner, and Deliveroo. With their continuous support and guidance, Tech Nation strives to shape the future of the tech industry and drive its ongoing success.
Their story began in Shoreditch in 2011, launched by the then Prime Minister David Cameron, to support the East London tech cluster known as London Tech City — or Silicon Roundabout. Since then, they’ve been on a journey, spreading their activities to cover other parts of the UK, and have set up Tech North to run programmes across the North of England.
In November 2018, Prime Minister Theresa May and the Chancellor Philip Hammond announced the launch of Tech Nation, consolidating Tech City UK and Tech North’s impact. Now as Tech Nation, they keep expanding their network of growth programmes, events, skills and data resources to reach all corners and clusters of the UK.
In 2017, the UK government announced that it was investing an extra £21 million into the technology organisation and doubling the number of visas available for a scheme often used by people working in technology.
In January of 2023, the Department for Digital, Culture, Media and Sport awarded its £12.09 million Digital Growth Grant to Barclays Bank. The lender’s Eagle Labs incubator, which operates independently of Barclays, replaced Tech Nation as the recipient of the grant.
The DCMS grant accounted for roughly 62% of its funding in 2021/22. The remainder of its income came from sponsorship, commercial partnerships and other government contracts. As a result of the move, Tech Nation were “not viable on a standalone basis” and wound up, therefore.
In April of 2023, the Founders Forum Group (FF Group), a global community and group of businesses supporting entrepreneurs at every stage of their journeys, formally acquired Tech Nation.
The acquisition aimed that FF Group would relaunch a number of Tech Nation programmes and reports on the UK tech sector as part of its existing portfolio of events and services tailored to entrepreneurs, continuing to build on the organisation’s activities to date.
The organization aims to fuel the growth of game-changing founders, leaders, and scaling companies, enabling them to make positive transformations in societies, economies, and outcomes. Tech Nation believes in providing the necessary skills and support for individuals with vision and drive to scale and succeed as game-changing leaders.
The vision of Tech Nation is to create a world where anyone with ambition and determination can access the resources, skills, and support needed to scale their ventures and achieve success. They strive to break down barriers and ensure that aspiring entrepreneurs have the opportunities to thrive and make a significant impact.
Tech Nation values delivering long-lasting impact in the tech industry. They emphasize collaboration and innovation, recognizing that meaningful progress can be achieved by working together and pushing boundaries. Tech Nation also values the importance of sharing knowledge and information to inspire others and drive further advancements in the tech sector. Finally, they believe in being fully committed and dedicated to their mission, going "all in" to support the growth and success of tech entrepreneurs.
Tech Nation has made a significant impact on the UK tech industry since its inception in 2010. Their initiatives and programs have played a pivotal role in shaping the trajectory and success of UK tech, which is now valued at $1 trillion, an impressive 16-fold increase over the past decade. The industry now employs 4.8 million people, with salaries that are 80% higher than professional jobs in other sectors.
A key focus of Tech Nation has been supporting scaleups, recognizing their crucial role in generating over 90% of tech jobs in the UK. The organization takes pride in the fact that the scaleups they have accelerated have experienced exceptional success. While the startup failure rate averages around 80% within the first 2-5 years, over 95% of startups participating in Tech Nation's growth programs have gone on to scale.
Tech Nation's contributions extend beyond scaling startups. They have been instrumental in nurturing and fostering the growth of tech unicorns and decacorns in the UK. An impressive 40% of all such high-value tech companies created in the UK have graduated from Tech Nation's growth programs. These companies have collectively raised over £28.1 billion in venture capital and capital markets, showcasing the efficacy and impact of Tech Nation's support.
The direct impact of Tech Nation's intervention can be measured in the creation of 13,000 jobs nationwide. By empowering and guiding tech entrepreneurs, Tech Nation has facilitated the growth and success of numerous businesses. Among their alumni are some of the biggest names in UK tech, including Monzo, Revolut, Just Eat, DarkTrace, Sky Scanner, and Deliveroo, among others. With over 5,000 businesses supported, Tech Nation has been a catalyst for growth and innovation in the UK tech ecosystem, contributing to the country's position as a global tech leader.
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