Author: Scott Dylan
Scott Dylan
Scott Dylan is an accomplished entrepreneur, investor, and philanthropist, best known as the co-founder of Inc & Co and founder of NexaTech Ventures. With a focus on rescuing distressed businesses and supporting AI and tech startups, Scott’s expertise spans multiple sectors including technology, retail, and logistics. A passionate mental health advocate, drawing from his experience with Complex PTSD, Scott frequently writes about business transformation, AI integration, and leadership. Outside of work, he enjoys travelling, music, and spending time with his partner Gareth.
Bob Sutor, former quantum lead at IBM, joins Nu Quantum’s board as it expands in the US.Sutor brings decades of expertise from leading IBM’s quantum programme and roles in academia.Nu Quantum eyes growth in the US with new operations in Los Angeles.The company aims to build a scalable, fault-tolerant quantum network.Sutor believes Nu Quantum is essential for achieving Practical Quantum Advantage.Bob Sutor, previously the quantum computing lead at IBM, has joined the board of the Cambridge startup, Nu Quantum. His addition comes as the company gears up for its expansion into the United States. Sutor’s nearly 40-year tenure at IBM…
The Trelavour pit, managed by Cornish Lithium, has been designated a “project of national significance,” an advancement crucial for the UK’s electric vehicle future.The Cornish Lithium-operated site is forecasted to deliver 25,000 tonnes of lithium annually by 2030, a substantial contribution to the battery production necessary for British-manufactured electric vehicles. Lithium, an essential element in battery creation, is pivotal to addressing the increasing demand for electric vehicles within the UK. With the recent decision by Angela Rayner to elevate the project’s status, the planning approval process will now accelerate under ministerial oversight, bypassing local authorities.Cornwall’s abundant lithium reserves, found in…
Solasta Bio, a Glasgow-based agritech startup, has secured £10.7m to advance its innovative pest control technology.Founded in 2021, Solasta Bio specialises in developing peptide-based insecticides without synthetic chemicals.The company’s eco-friendly approach aims to maintain pest control efficacy while safeguarding beneficial insects.Investment was led by Forbion, with contributions from several notable venture capital firms.Solasta Bio’s field trials have shown promising results, indicating effectiveness comparable to traditional insecticides.Solasta Bio, a promising agritech startup located in Glasgow, has successfully raised £10.7 million to further its development of cutting-edge pest control solutions. This funding will support the company’s mission to create environmentally sound insecticides…
The National Farmers Union (NFU) has sharply criticised the underspend in the Department for Environment, Food and Rural Affairs (Defra) agricultural budget.Government’s £358m underspend occurred over three years, causing concerns among farmers and growers.Tom Bradshaw, NFU president, describes the budget management as a major letdown for the agricultural sector.NFU urges the UK government to allocate the unspent funds to support struggling farmers.New Defra Secretary Steve Reed and NFU seek necessary budget reforms for sustainable agriculture.The National Farmers Union (NFU) has expressed deep disappointment over the recent underspending of the Department for Environment, Food and Rural Affairs (Defra) agricultural budget. The…
Trustpilot’s shares have surged following better-than-expected half-year profits, marking a significant financial turnaround.The company reported a profit of £7.3 million for the first half of 2024, starkly contrasting with last year’s £117,000.Adrian Blair, Trustpilot’s CEO, attributes this success to the implementation of AI-driven insights.Trustpilot plans a £20 million share buyback programme, the second initiative of its kind this financial year.Shares have increased by 10% since the close of trading on Tuesday, highlighting market confidence.Copenhagen-based Trustpilot has seen a dramatic increase in its share prices, correlating with the announcement of substantial half-year profits. For the first time this year, the online…
A recent report highlights the substantial challenges female founders face in securing finance.Nearly 39% of female entrepreneurs struggle to expand due to limited financial access.Ethnic minority female founders experience even more pronounced financial barriers.Over half of female founders are uncertain about equity investment.Calls for improved support measures for female entrepreneurs are growing.In a recent study, it is revealed that nearly 39% of female small business owners in the UK are hindered by inadequate access to finance, which significantly impacts their plans for scaling up. This lack of financial resources is leaving many of these entrepreneurs unable to expand their businesses…
AWS has announced an ambitious investment of £8 billion in the UK. This move aims to bolster the nation’s digital infrastructure.The investment is projected to support 14,000 full-time equivalent jobs annually and contribute significantly to the UK’s GDP.This substantial commitment by AWS is aimed at bolstering the UK’s digital infrastructure. It is expected to support over 14,000 full-time equivalent jobs each year within the AWS data centre supply chain, which includes roles in construction, facility maintenance, engineering, and telecommunications.The new £8 billion investment will bring AWS’s total UK investment from 2020 to 2028 to more than £11 billion. This builds…
Amazon and Morrisons are enhancing their collaboration by incorporating the Morrisons More Points loyalty scheme into the Amazon platform.Shoppers will soon benefit from earning More points on purchases made through Amazon.co.uk, redeemable as Morrisons More Card Fivers.A launch offer includes bonus points: five points on each Morrisons product and 500 points for first-time registrants spending £70 within two weeks.New features such as a ‘Grocery Day’ and delivery pre-reservation aim to facilitate a more convenient shopping experience.The partnership signifies Amazon’s ongoing strategy to optimise grocery services, strengthening ties with Morrisons to provide value and convenience.Amazon and Morrisons have taken a significant…
Rightmove has turned down a £5.6 billion takeover bid from Rupert Murdoch’s REA Group. The rejection was unanimous among Rightmove’s board.REA Group offered a 27% premium on Rightmove’s current valuation.The bid was deemed opportunistic and undervaluing Rightmove’s future prospects.REA has until September 30 to formalise or withdraw its offer.The decision comes amid a challenging UK property market.REA Group, controlled by Murdoch’s News Corp, proposed an indicative cash and share offer, valuing Rightmove at 705p per share, representing a 27% premium on Rightmove’s current market valuation. Despite the premium, Rightmove’s board unanimously rejected the offer, declaring it to be wholly opportunistic…
Ashley Montanaro and Toby Cubitt, co-founders of Phasecraft, have sounded an alarm regarding the future of quantum computing in the UK. Their concerns arose following the UK government’s recent decision to withdraw £1.3 billion in promised funding for technology and AI projects.Montanaro and Cubitt describe quantum computing as being at a ‘critical juncture.’ The retraction of government funding has already sent ripples through the industry, exacerbating the decline in venture capital investment in this cutting-edge field. Montanaro highlighted that the primary source of support for start-ups remains government funding, which is now in jeopardy.Experts in the field fear that the…
