This article was published on September 12, 2024
Tech Nation has announced the second cohort of the 2024 Future Fifty programme
Tech Nation has announced the 25 startups that will participate in the second cohort of this year’s Future Fifty programme — the UK’s only accelerator that focuses on late-stage companies.
Future Fifty supports startups from the Series B to the IPO stage and beyond. Since its launch in 2013, it counts alumni such as Revolut , Monzo , and Skyscanner.
“We use mechanisms of access and growth instead of learning and validation,” Johnny Mayo, programme lead of Future Fifty told TNW.
“The reason for this is our companies typically already have proven product market fit, and our founders will often already have coaches or mentors who have helped them reach this level.”
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To be eligible for the programme, participants must meet a series of criteria, starting with having UK-based headquarters and a digital/ tech -enabled business. They also need to be generating £5mn revenue per year or experiencing 50% YoY growth. And they need to have successfully raised Series B funding.
The selected startups in this year’s second cohort have collectively raised almost £1.2bn and employ over 2,500 staff. They’re active in various tech sectors, including healthtech, biotech, energy, quantum, and fintech.
According to Mayo, the accelerator’s approach is strongly experiential.
“While we do have mentors, coaches, and even therapists, they are a small element of the programme,” Mayo said.
“The main value add (beyond the prestige and recognition) is building networks of peers and mentors not so much around founders and CEOs, but instead their C-suite.”
Below is a screenshot of the programme’s schedule:
Arbor Education : Offering a cloud-based management information system (MIS) for schools
Bibliu : Bringing students more efficient and equitable access to education through e-textbooks and courseware
Bumper : A car servicing platform that enables customers to split bills into interest-free payments
Doctify: Allowing healthcare providers to collect, digitise, and publish patient feedback
Elliptic : Blockchain analytics for cryptocurrency compliance
EvaluAgent : Helping call centres improve customer experiences with AI
First Light Fusion : Developing inertial fusion energy (IFE)
FlashPack : Arranging holidays for solo travellers in their 30s and 40s
Funding Xchange : Providing access to personalised business funding
Fyld : Helping utilities field teams to make data-driven decisions
Gen H : Enabling homeowners to track and manage their mortgages
Haiper: Building perceptual foundation AI models for creatives
Legl : Enabling law firms to digitise and automate operations, such as payment, onboarding, and AML compliance
Lindus Health : Accelerating clinical trials for healthtech
Nyobolt : Developing high-performance and fast-charging batteries for EVs and robotics
OQC : Employing superconducting circuits to develop quantum computers
Open Cosmos : Using nano-satellites to provide affordable access to space and combat the climate crisis
Relation Therapeutics : Using machine learning to improve drug discovery
Quantum Motion : Scaling quantum computing technology
Scan.com : Providing diagnostic and preventative scanning services
Secondmind : Helping automotive engineers design better through machine learning
Signal AI : Decision-making for business leaders through augmented reality
Veremark : Automated background screening and pre-hire checks for prospective employees
Vertice : A platform that optimises SaaS and cloud spending for finance leaders
Volt.io : Facilitating real-time open banking payments
Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainabili (show all) Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainability, green tech, AI, and EU policy. With a background in the humanities, she has a soft spot for social impact-enabling technologies.