BVCA features AMPLYFI in their ‘New valley on the block?’ article.
A revamped Welsh start-up scene is starting to bear fruit, with a new cohort of tech companies on the cusp of ‘scaling-up’, writes Paul Bryant.
There’s an energy in the Welsh start-up scene at the moment, and a feeling that a new generation of tech, and in particular fintech, businesses have a real shot at giving the Welsh economy its next foot-up. Cardiff in particular is emerging as a start-up venue able to attract ambitious entrepreneurs from outside of Wales.
In 2015, the founders of artificial intelligence business, AMPLYFI – none of them Welsh – went through a rigorous selection process when deciding where to headquarter their new venture. Infrastructure, cost and competition for talent were analysed, as well as other criteria such as access to funding, levels of government support, incubator availability and quality, operating and living expenses, and lifestyle. Nine cities made the shortlist, including the traditional global tech hubs of San Francisco, London, Berlin, Paris, and Beijing, as well as less obvious venues like Newcastle and Cardiff. Cardiff won.
Originally by Paul Bryant for BVCA, read the full article here (‘New valley on the block?’ p.18)