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The uphill battle to create a British tech titan


The uphill battle to create a British tech titan
The Government is desperate for a British Big Tech contender, but experts have warned them not to scare off foreign investment
Snap, the parent organisation of Snapchat, recently acquired augmented reality (AR) start-up WaveOptics for $500m
Credit: Snap
When Snapchat s parent Snap announced that it would acquire Oxford augmented reality (AR) start-up WaveOptics for $500m (£352m), investors rejoiced.
“It’s an amazing story, especially for UK deep tech,” says investor Simon King from Octopus Ventures, a backer of the company who sits on its board.
Just an hour after the deal was signed, however, the potential perils of selling out to deep-pocketed US tech giants came into sharp focus. ....

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The spokes in Singapore's deep tech wheel - The Ken Southeast Asia


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The spokes in Singapore’s deep tech wheel
Building a deep tech ecosystem from nothing has been a tough challenge for Singapore. But now, it’s facing an even tougher challenge feeding talent to the ecosystem and getting funding to keep it going
16 Mar 2021
SGInnovate is a unique government-owned organisation that promotes Singapore deep tech to the world, and invests in funds and startups too
The country attracted talent programme Entrepreneur First which, alongside Antler, has produced 87 deep tech startups since 2017
Success stories include SoftBank-backed medical startup Biofourmis and Transcelestial, which uses lasers to increase internet connectivity
But an emerging talent and early-stage funding gap is threatening to slow down the flywheel keeping the ecosystem vibrant ....

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Snap looks to enhance augmented reality features with acquisition of British research lab Ariel AI


Snap looks to enhance augmented reality features with acquisition of British research lab Ariel AI
CNBC
1/26/2021
Sam Shead
Snap, the parent company of social media app Snapchat, has acquired a British artificial intelligence start-up called Ariel AI which focuses on augmented reality.
Ariel AI was founded in London in 2018 by a group of former Google and Facebook research scientists including Chief Executive Iasonas Kokkinos and Chief Technology Officer George Papandreou.
Snap told CNBC that Ariel AI s team joined its computer vision team in London at the end of 2020.
© Provided by CNBC
Evan Spiegel, co-founder and chief executive officer of Snap Inc., stands on the floor of the New York Stock Exchange during the company s initial public offering on Thursday, March 2, 2017. ....

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