Tech Nation has been acquired by the Founders Group (FF Group), but it surely is not going to stay the endorsing physique of the UK Expertise Visa for lengthy. After dropping a bid for presidency funding to Barclays Eagle Labs, Tech Nation officially shut down its operations, which have been helpful to the UK’s tech ecosystem and tech abilities worldwide. Nevertheless, it continued to supervise World Expertise visa purposes via its web site to minimise disruption to the service. Following its acquisition by FF Group, it’s working with the U.Okay Residence Workplace to seek out one other organisation to tackle its function as an endorsing physique for the World Expertise visa however will proceed providing the service within the meantime.

The Founders Group will construct on the organisation’s achievements, by relaunching quite a few Tech Nation programmes and studies on the UK tech sector as a part of its current portfolio of occasions and companies tailor-made to entrepreneurs. 

Brent Hoberman founded the FF Group in 2005, and it includes the Founders Discussion board, Founders Manufacturing unit (an accelerator), and Firstminute Capital (an funding arm). He stated it was constructed as a “response to the shortage of credible, peer-to-peer European entrepreneur networks to rival people who existed in Silicon Valley.” The Tech Nation acquisition is anticipated to additional strengthen FF Group’s dedication to supporting tech entrepreneurs and startups within the UK, contemplating {that a} third of the U.Okay.’s tech unicorns handed via not less than considered one of Tech Nation’s progress applications.

Tech Nation, now underneath the possession of FF Group, is well-positioned to proceed its mission of nurturing tech entrepreneurs, fueling the expansion of startups, and fostering innovation throughout the UK tech ecosystem. Leveraging the experience and assets of FF Group, Tech Nation is poised to make a good higher affect with its applications and initiatives, benefiting the complete UK tech group.