The annual Tech Climbers event in Manchester celebrates top tech firms, sharing insights from experts and entrepreneurs.
- The Tech Climbers List aims to recognize leading product-led tech companies in Greater Manchester.
- Panelists at the event stressed the importance of robust business foundations for attracting investment.
- Legal experts advised tech entrepreneurs on safeguarding intellectual property.
- Entrepreneurs shared practical advice on scaling and securing funding.
The Tech Climbers Manchester 2024 event aimed to celebrate and recognize leading tech firms in the region, with nominations open for the upcoming year. Past notable firms include Digitech Oasis and Red Flag Alert. This initiative, originally launched in Liverpool, successfully expanded to Manchester, providing a platform for local businesses to showcase their achievements.
A panel of professional advisers discussed the critical aspects tech entrepreneurs should focus on to secure investment. Daniel Hayhurst from Brabners emphasized having strong foundational business elements in place, such as proper contract storage and comprehensive employee handbooks, to withstand investor scrutiny during due diligence.
Caitlin Morris from Marks & Clerk highlighted the role of intellectual property (IP) in a tech firm’s success, urging entrepreneurs to prioritize early protection of their IP. Addressing misconceptions, she pointed out that even prominent figures like Elon Musk rely on patents to safeguard their innovations.
Naomi Timperley of Tech North Advocates underscored the vibrant support network in Greater Manchester, illustrating how tech events facilitate valuable networking opportunities. She alluded to Cornwall’s tech week on the beach as an example of innovative event settings that draw interest.
Entrepreneurs on the second panel shared their experiences and strategies for achieving business success. Ayan Mohamed of Digitech Oasis recounted moving her business to Manchester and securing U.S. funding, stressing the perils of unrestrained growth.
David Levine, co-founder of Manchester Angels, likened engaging investors to a marriage, requiring careful consideration of long-term compatibility and objectives. His insights highlighted how clarity and strategic intent are paramount when seeking funding.
Patrick Smith from startup Zally discussed the necessity for founders to remain adaptable. He described how his company had to pivot in response to global customer demands, emphasizing the importance of flexibility for business sustainability.
Amman Ahmed, formerly of MusicForPets, advised on building customer-focused companies that can thrive independently of their founders. He noted that a well-structured business allows for smoother transitions during exits.
Reflecting on the Manchester tech scene’s vitality, Patrick Smith urged founders to adopt a positive outlook, recognizing the existing funding possibilities in the North West. Meanwhile, Ayan Mohamed encouraged leveraging the renowned universities in the area for bolstering business endeavors.
The Tech Climbers event in Manchester underscored the region’s vibrant tech landscape, offering valuable insights into building successful ventures.
