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In Principle 
Friday, 14 June 2019

Dear <<First Name>>​,​​

This week the Government announced some tweaks to way tech will be regulated.

As I've argued in the past, over half of businesses think the level of regulation in the UK is an obstacle to success; however, it’s not just a matter of cutting. There are tradeoffs – regulation doesn’t just protect consumers and the environment, at it’s best, it also helps promote competition and support economic growth.

To help guide entrepreneurs in emerging technologies, we embed the Innovation Principle across government with regulators across all relevant industries creating break-out zones where entrepreneurs can test new technologies. The Financial Conduct Authority’s Sandbox is an exemplar of this. It’s a safe space in which fintech companies can innovate by testing products, services, business models and delivery mechanisms in a live environment, while ensuring that consumers are appropriately protected. 

Business Secretary Greg Clark has announced a new Regulatory Horizons Council to advise government on rules and regulations that may need to evolve and adapt to keep pace with technology. Also, a Regulation Navigator will be created – a new digital interface to help businesses ease their way through the regulatory landscape and bring their ideas to market quickly.

In addition, Clark announced a partnership with the World Economic Forum to share best practice on getting innovative products and services to market, and a review of the Regulators’ Pioneer Fund, which backs projects that are testing new technology in partnership with the regulators in a safe but innovative environment.

We aren't just a think tank for tech entrepreneurs, but it's impossible to ignore the importance of this sector. In fact, it's increasingly awkward describing tech as a 'sector', as it becomes is critical to the way nearly all businesses deliver their products and services. To an increasing extent: every business is a tech business.

Cottonopolis 2.0
Talking of tech, we're supporting Yorkshire Bank and Tech Nation in the Festival of Technology and Innovation at B Works, Manchester. I'll be chairing a couple of panels and I hope to see you on the day. Spread the word!

 


Festival of Technology and Innovation
2-3 July 2019
5pm to 10pm
Free
B Works Manchester
Find out more
Top entrepreneurs, networking, tech demos & Reeps One.

Get up, stay up
Business Stay-Up is a research-led campaign to raise awareness of the pressures and challenges business owners face as they seek to survive and scale, and what can be done to increase the probability of success.



Business Stay-Up – hosted by Seema Malhotra MP

2 July 2019
8.45am 10am
Free
House of Commons
To find out how to attend, please email events@tenentrepreneurs.org
 
This event will:
– Consider what can be done to realise the policy recommendations of the Management Matters report;
– Discuss wider issues of how to reduce unnecessary business failure;
– Consider avenues for future research as part of the Business Stay-Up campaign.

The event will be hosted by Seema Malhotra. Seema is MP for Feltham and Heston and a former Shadow Chief Secretary to the Treasury. She is a Member of the Committee on Exiting the European Union, and the Commons Reference Group on Representation and Inclusion. Seema is the Chair of the APPG for Entrepreneurship.

The event is supported by the Association of Business Executives (ABE), which was founded more than 40 years ago with a clear social purpose to improve business education for aspiring entrepreneurs in developing countries, many of which are now high-growth economies.


 
News and Views

Research Director Sam Dumitiru explains why literally all tax experts think Michael Gove’s plan to abolish VAT is a bad idea: "Rather than reducing the bureaucratic burden on small businesses, this would give bigger businesses, who have brought their suppliers in-house, an unfair advantage"

A new DCMS report looks at the digital skills workers will need to succeed over the next 10 years

The Government is investing £40m in 5G testbed and trial projects across UK industry as part of Government plans to improve mobile connectivity

At a talk organised by Second Home, Index Ventures and Sifted, Mumsnet founder Justine Roberts shares her 7 tips for startup success

Despite growth outpacing other industries, creative businesses often struggle to attract finance – The Times asks how creative businesses attract the funds they need to grow  (Times Paywall)

Britain is creating more $1 billion technology companies than any other country, apart from the United States and China (Times Paywall)

Tech should work with government to help refugees to become entrepreneurs, says Twitter & Square founder Jack Dorsey

Restrictive planning rules have made the UK more unequal, says the Centre for Cities

"650 people applied for the UK's Tier 1 Exceptional Talent Visa for Digital Technology during FY 2018-2019. That’s a 45% increase on the 450 applications in the previous year"

Of the top 25 most valuable privately-held tech companies in the US, 60% were founded by first- or second-generation immigrants
 

Friends of the Network
  
Competitions


Back Her Business
Deadline: 24 June 2019
12 x £2,000, plus access to £5,000 matchfunding for all eligible entries
Fine out more
Crowdfunder has teamed up with NatWest to develop and run Back Her Business, a crowdfunding programme for women across the UK, bringing support, training and up to £5,000 of matchfunding to female entrepreneurs.


Tata Varsity Pitch 2019
Deadline: 26 July 2019
£15,000
Find out more
A national early stage business pitching competition, that celebrates the best businesses exploding out of colleges and universities across the UK.


Events 


Marketing Action Plan for Digital Growth
19 June 2019
1.15pm to 4.15 pm
Business & IP Centre, 2nd Floor, Central Library, Manchester
£12
Find out more
The key steps on how to optimise and implement an effective digital marketing action plan.


 
Speed mentoring – Cooking up success
20 June 2019
10am to 1pm
British Library’s Business & IP Centre
Free
Find out more
Experts in the food, drink and hospitality sectors will provide insight, support and guidance.



IoD Manchester | Summer BBQ
14 August 2019
5pm to 8pm
MediaCom, 1 Hardman St, Manchester
£30
Find out more
Hear from Managing Partner Matthew Hatton and Manchester Chair Sharon Amesu.

 
Best,

Philip
Philip Salter
Founder, The Entrepreneurs Network
Copyright © 2019 The Entrepreneurs Network, All rights reserved.


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