MANCHESTER, UK. 14th August, 2024 - British entrepreneur Scott Dylan has announced a whopping £100 million investment for AI and technology start-ups.
The 40-year-old businessman and investor has launched NexaTech Ventures, a new venture capital fund dedicated to finding and nurturing the next generation of AI and tech superstars.
The fund is designed to help innovators in the healthcare, finance, logistics and creative industries with funding, mentorship and strategic support.
NexaTech Ventures founder Scott said: “I love to see talented people and great businesses succeed. This fund will help us to find those visionaries who are creating AI tools and tech that will transform our everyday lives.”
But Scott, who is based in Manchester, said that it wasn’t always about funding for many entrepreneurs: “Sometimes these technology whizzes are more in need of mentorship and strategic support, than they are of finances. This fund will not only give them the financial capabilities to succeed, but the support system that is crucial for success and to scale a business.
“AI tech is here. This is not a project the far distant future, it is transforming all our lives right now. We want to help nurture and guide how this is evolving into something positive and game changing for many sectors.”
NexaTech Ventures is positioning itself to play a key role in driving technological advancements in the UK and around the world by offering this crucial support to startups. Scott and his team have created a full support system that will not only provide funds but offer everything a new start up would need to succeed.
· Connecting them with seasoned professionals in the tech industry for guidance, insights and support in navigating challenges
· Offering access to a global network of experts, industry leaders and future customers
· Showing them how they can scale their businesses while maintaining their innovative edge and staying operationally solid.
The £100 million fund is strategically focused on sectors where AI and technology can deliver the most significant impact.
Healthcare: AI has the potential to revolutionise patient care and advance medical research. NexaTech Ventures is particularly looking to support startups who are developing AI-driven solutions aimed at improving patient outcomes and making healthcare more accessible.
Finance: NexaTech Ventures wants to help redefine the future of finance by helping AI specialists use the technology to help with areas such as fraud detection, personalised banking, and investment strategies.
Logistics: AI will be crucial for optimising logistics and enhancing operational efficiency of firms in the logistics sector. This fund will be looking for tech start-ups who can create cutting-edge solutions to overcome challenges and transform the way this sector operates.
Creative Industries: AI is even breaking new ground in creative sectors such as digital media, music, and film. NexaTech Ventures wants start-ups to help the industry use AI to get more creative, engage audiences in novel ways and expand artistic expression.
Scott Dylan has created a new chapter in the venture capital world with the launch of NexaTech Ventures. By combining significant financial resources with industry expertise and a hands-on approach to support and mentorship, NexaTech Ventures is set to a driving force behind the next phase of technological innovation.
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