Manchester’s tech scene gathers to discuss critical investment strategies.
- The Tech Climbers event celebrates top-performing tech firms in the region.
- Keynote speakers stress the importance of foundational business structures.
- Entrepreneurs share insights on scaling and attracting investment.
- Support networks in Manchester play a pivotal role in tech growth.
Amidst the vibrant tech ecosystem of Manchester, the Tech Climbers event has emerged as a focal point for discussing critical strategies to attract investment for tech firms. The 2024 launch saw a gathering of entrepreneurs and industry experts who shared insights into the challenges and opportunities within the tech landscape.
A significant emphasis of the event was on the importance of having solid business foundations. Daniel Hayhurst from Brabners advised tech founders to ensure that all business fundamentals are in order, highlighting how overlooked aspects such as contract storage and employee handbooks can impact future investment during due diligence processes.
Caitlin Morris from Marks & Clerk underscored the necessity of protecting intellectual property early. She addressed misconceptions by asserting that while Elon Musk is often thought to operate without patents, this is not the case. This highlights the broader need for tech companies to strategically manage their IP to safeguard innovation.
Naomi Timperley from Tech North Advocates highlighted the robust support available in Greater Manchester for tech firms, noting that events are a powerful tool for building valuable connections. Her anecdote about attending tech events in more unconventional settings, like a beach in Cornwall, offers a light-hearted reminder of the diverse opportunities available.
Entrepreneurs also shared practical advice on investment strategies. Ayan Mohamed of Digitech Oasis, who relocated her business to Manchester, stressed the risks associated with scaling at inappropriate rates. Her success story in securing U.S. funding serves as an example of how controlled growth can be leveraged in obtaining investment.
David Levine of Manchester Angels depicted the investor-founder relationship as akin to marriage, suggesting both sides should consider the long-term implications. His analogy reinforces the idea that strategic partnerships require careful deliberation and planning.
Patrick Smith from Zally spoke on the necessity of adaptability, with his firm having to pivot in response to new global demands. This adaptability is presented as crucial for tech leaders facing fluctuating market conditions.
The idea of customer obsession was advocated by Amman Ahmed, a co-founder of MusicForPets. He argued for building businesses in a way that allows for easy transition of leadership, reinforcing the notion that sustainability and foresight are essential elements in the tech industry.
The discussion also turned towards the health of Manchester’s tech scene. Patrick Smith urged a more positive outlook from founders, emphasising that while challenges exist, ample opportunities for funding are available. This call to action seeks to inspire a culture of ambition and positivity.
Ayan Mohamed also pointed out the benefits of Manchester’s proximity to world-class universities, which can be a significant advantage for tech firms looking to leverage academic resources and expertise.
Manchester’s tech ecosystem offers a robust platform for companies to secure investment and thrive through strategic planning and community support.
