There were a good number of reasons that we decided to get involved in this year’s London Tech Week, a festival of live events across the capital which showcased and celebrated the best of tech whilst providing networking, social, learning and business opportunities. Novel, headline-grabbing events such as DRL’s Drone Racing at Alexandra Palace, and Hans Zimmer’s Festival Concert at Wembley unfurled around London, supported by A-List ambassadors such as Microsoft, Facebook, SAP, DECODED, www.lastminute.com and London Assembly.
Officially opening #LTW festival Sadiq Khan, Mayor of London, said:
“As Mayor of this great city – the best city in the world – it fills me with pride to see our tech sector thriving. New technologies are having an enormous impact on our way of life – reshaping our societies, our economies and our culture. My ambition now is to harness the new technologies that are being pioneered right here to transform London into the world’s leading smart city.”
As part of his plans, Mr Khan unveiled a new £1.6m Clean Tech Incubator called Better Futures which will help 100 London-based small businesses to deliver low-carbon and clean-tech products to tackle the causes and effects of climate change. Better Futures will help kick start the development of a clean-tech cluster for London, developing a hub for low-carbon industries in the capital.
With over 50,000 visitors across all technology verticals, from startups to large corporates, LTW was an ideal opportunity for Acuity to showcase what we do best: draw on our unique mix of deep tech understanding and proven M&A expertise to provide top notch proactive advice to tech business owners and shareholders. By offering a free, confidential 1:1 M&A clinic with Acuity’s founding partners Matthew Byatt and Richard Baker, we were able to meet and provide expert advice to tech founders who wanted to feel confident in their growth strategy and preparedness, with a future exit in mind.
LTW was an ideal opportunity for Acuity to showcase what we do best: draw on our unique mix of deep tech understanding and proven M&A expertise to provide top notch advice to tech business owners and shareholders.
The clinic was directly followed by an interactive seminar on The Art of Business Exit in which Richard, Matthew and partner colleagues Matt Stamp and Gareth Davies presented an insightful and thought-provoking snapshot of the technology M&A space and its idiosyncrasies. This included valuation methodologies, exit timing, the selling game and divestiture process, and of course some potential pitfalls to avoid. The content was well-received and initiated plenty of discussion…
“Acuity’s seminar on the Art of Business Exit was very insightful and Richard and Matthew displayed a wealth of knowledge of the tech M&A market… I was impressed with their experience and practical approach to exits and I am sure that their clients benefit immensely from their sector expertise. The event and the attendees’ interest is also testament to the UK’s thriving tech M&A scene which seems to remain buoyant”. Event attendee, June 2017
Which brings us nicely to the final stage of our event, rooftop drinks and networking. Credit must go to The Office Group’s Shoreditch property – BLACK+WHITE – who opened up their impressive roof garden to us so that our guests could continue their discussions whilst taking full advantage of the evening sunshine.
We’ve been keeping a keen eye on our fellow event hosts and the broader LTW festival activities and if our oversubscribed gathering was anything to go by it’s clear that the London tech scene is thriving. We are hearing plenty of inspirational stories of ground-breaking technological advances, shrewd and optimistic partnerships between tech businesses, investors, incubators, government agencies and tech giants, and real anticipation about the future of technology, not just in London but across in the UK.
We consider ourselves energised, motivated and indeed privileged to be part of it!
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To discuss your own tech business with an Acuity partner, contact us by email or call +44 20 7123 4889.
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