Six up-and-coming technology firms have joined the London Stock Exchange (LSE) Elite mentoring and support programme, designed to help them grow into major companies.
The technology firms are part of a group of 16 companies that have been welcomed into the Elite circle, taking the total to 33.
The 16 CEOs of the new companies were at the opening of trading at the LSE to mark joining Elite, pictured above.
The six companies are based across the UK and offer a range of IT and technology-related services.
1. Benefex, from Southampton, is the creator of a platform to manage employee benefits and drive engagement.
2. Dovetail Games is a video game developer and publisher from Chatham.
3. Facility Live a search software company from Italy.
4. Grid is from Newcastle and uses technology to create smarter cities that improve the lives of all.
5. High-Tech Innovation Labs is based in Twickenham and is a consultancy focused on big data to help drive innovation.
6. The Test People, from Leeds, offers testing and consulting around operational risk in IT systems.
V3 asked the LSE why Facility Live, as a non-UK start-up, was picked, and was told that the company is becoming increasing international and looking to establish in new markets like the UK, and has British management.
Joining the Elite programme gives the companies 24 months of support from key partners with the know-how and skills to help their businesses remain on the right track.
This includes support from the likes of the CBI and Tech City UK, and education and support tools from Imperial College Business School.
Law firms such as Freshfields and BLP Law provide legal advice to the firms selected, and advice on funding and financial challenges is also central to the Elite programme.
Alexander Justham, chief executive of the London Stock Exchange, said that providing support to fast-growth companies is vital to help ensure the UK economy is powered along.
“Fast growing ambitious businesses are the engine of the UK’s economic growth and, together with Imperial College Business School and the business community, we remain committed to creating a vibrant ecosystem, able to support and inspire companies long after the 24-month Elite programme,” he said.
“Today’s cohort showcases the UK’s ability to produce great businesses and we are delighted to welcome them to Elite.”
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