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Industry leaders say there are too many accelerators operating in the UK’s ‘overcrowded’ tech scene


  • Leading experts in the UK tech scene told Business Insider that London was “overcrowded” with too many accelerators producing too few successful companies.
  • More than 150 accelerators currently operate in the UK, a figure that has increased tenfold over the past decade.
  • Matt Clifford, CEO of Entrepreneur First, hit out at what he called Britain’s “broken model” of startup investment schemes.
  • According to the latest research, around half of the UK’s accelerators receive funding from larger corporations, such as Nike and British Airways.
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Industry experts have branded the UK accelerator scene “overcrowded”, with too read more >>>

Source:: BusinessInsider.Com