Intelligent SME.tech Issue 48 | Page 7

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New data reveals immigrants ’ critical role to UK ’ s start-up economy
Dubai AI Campus and Google Cloud announce collaboration to support start-up ecosystem
New data reveals that 39 % of Britain ’ s top 100 fastest-growing companies had a founder born outside of the United Kingdom , despite immigrants comprising less than 15 % of the population at large .
The research was conducted by The Entrepreneurs Network , one of Britain ’ s leading entrepreneurship think tanks , and supported by Fragomen , a leading provider of immigration services . Previous research from 2019 had found the proportion of Britain ’ s top 100-fastest growing companies with a foreign-born founder stood at 49 %.
The Entrepreneurs Network argues that the findings prove that international talent makes an essential contribution to Britain ’ s start-up landscape and calls on the government to
enact a series of policy reforms to ensure Britain is open and accessible to the world ’ s brightest and best . These include negotiating a Youth Mobility Scheme with the EU and US , lowering visa fees for high-skilled immigrants in line with international competitors and expanding the High Potential Individual visa list to more universities .
Dubai AI Campus , one of the largest dedicated cluster of AI companies in the region at the DIFC Innovation Hub and home to one of the first and largest financial technology accelerators in the Middle East , and Google Cloud have announced a collaboration agreement aimed at fostering the growth of the start-up ecosystem within the Dubai AI Campus . The collaboration seeks to leverage Google Cloud ’ s expertise and resources to empower start-ups in the region and accelerate their expansion .
The Dubai AI Campus is a dedicated ecosystem for AI and Web3 innovation providing state-of-the-art physical and digital infrastructure at the heart of Dubai International Financial Centre . The campus includes R & D facilities , accelerator
programmes and collaborative workspaces to attract , build and scale start-ups in the region . Under this collaboration , Google Cloud intends to offer mentorship opportunities for selected start-ups within the Dubai AI Campus and work with the campus on programmes such as Google Cloud ’ s Gen AI Start-up School .
L – R : Mohammad Alblooshi , CEO of the DIFC Innovation Hub , and Ziad Jammal , Country Manager for Google Cloud in the UAE
Beyon Money Business to deliver digital financial solutions for SMEs and corporates
Beyon Money Business , part of the Beyon Group , is now live , offering digital financial solutions tailored to both SMEs and corporates . Beyon Money Business delivers a seamless experience for business customers , providing expense management through prepaid cards , profitable solutions to invest company liquidity with Flexi Invest and B2B instant payments .
Companies registering with Beyon Money Business will be empowered to issue digital prepaid corporate cards for their team members enabling an efficient and digitised process to handle departmental requirements such as petty cash , invoice payments , travel expenses and much more . The solution has been developed in partnership with Tmam , a leading spend and expense management platform catering to businesses in the GCC .
Beyon Money Business has been developed to enhance the digitisation of payment processes for businesses , helping to reduce timelines for many day-to-day activities including expense reconciliation , receipt consolidation and budgeting .
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