Innovate Finance announces new fintech pitching events to boost regional startups across the UK.
- The government-backed initiative aims to increase investment outside the capital.
- Entrepreneurs will pitch to industry judges in six UK regions over the next year.
- The initiative was announced by Tulip Siddiq during Innovate Finance’s annual event.
- Janine Hirt highlights the need for regional investment in UK fintech.
Innovate Finance has launched a new initiative aimed at bolstering fintech startups throughout the UK’s regions. This government-backed programme will organise a series of regional pitching events, encouraging entrepreneurs to present innovative business solutions. Over the next twelve months, these events will be held across the North, South West, Midlands, Scotland, Ireland, and Wales.
The initiative, titled ‘Pitch360: Across the UK’, aspires to redirect attention and funding from London to other burgeoning fintech areas across the country. The hope is that increased visibility for regional businesses will translate into greater investment opportunities.
Entrepreneurs will have the opportunity to present their solutions before a panel of high-profile judges and a live audience. This approach aims to highlight the transformative potential of fintech innovations in enhancing growth and improving financial services.
Janine Hirt, CEO of Innovate Finance, emphasized the importance of this initiative by stating, “The UK is a global leader when it comes to FinTech investment, but the lion’s share of this funding goes to firms based in the capital. Our hope is that this programme will help drive attention and ultimately investment to the brilliant businesses based all across our nation.”
Economic Secretary to the Treasury, Tulip Siddiq, announced the programme during her keynote speech at Innovate Finance’s event, ‘Innovation Driving Growth’. She commented, “‘Pitch 360: Across the UK’ is a great opportunity to showcase the outstanding fintech talent across the UK regions, and shine a spotlight on the huge potential of fintech innovation.”
This initiative represents a significant step towards equalising fintech investment opportunities across the different regions of the UK.
