Last Updated on: 14th August 2024, 06:35 pm
British entrepreneur Scott Dylan has unveiled a £100 million investment dedicated to supporting AI and technology start-ups.
The 40-year-old businessman and investor from Manchester has launched NexaTech Ventures, a venture capital fund focused on discovering and nurturing the next generation of AI and tech innovators.
The fund is aimed at helping innovators in sectors such as healthcare, finance, logistics, and the creative industries, providing them with funding, mentorship, and strategic support.
Scott Dylan, founder of NexaTech Ventures, 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.”
Scott also pointed out that for many entrepreneurs, funding isn’t always the primary need: “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 for the 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 significant role in advancing technology both in the UK and internationally by providing this vital support to start-ups. Scott and his team have crafted a comprehensive support system that offers not just financial investment but all the necessary tools for a new start-up to succeed.
- Linking start-ups with experienced professionals in the tech industry for guidance, insights, and support in overcoming obstacles.
- Providing access to a global network of experts, industry leaders, and potential customers.
- Advising on how to scale businesses while maintaining their innovative edge and operational soundness.
The £100 million fund is strategically focused on areas where AI and technology can deliver the most profound impact.
Healthcare: AI has the power to revolutionise patient care and push the boundaries of medical research. NexaTech Ventures is keen to back start-ups working on AI-driven solutions that enhance patient outcomes and make healthcare more accessible.
Finance: NexaTech Ventures aims to reshape the future of finance by supporting AI experts in developing solutions for fraud detection, personalised banking, and investment strategies.
Logistics: AI will be key in optimising logistics and boosting operational efficiency in the logistics sector. This fund is on the lookout for tech start-ups capable of innovating in this space to revolutionise the sector.
Creative Industries: AI is also breaking new ground in creative fields like digital media, music, and film. NexaTech Ventures wants to support start-ups that can harness AI to drive creativity, engage audiences in novel ways, and expand artistic boundaries.
Scott Dylan’s launch of NexaTech Ventures marks a new era in the venture capital industry. By merging substantial financial investment with industry expertise and a hands-on approach to mentorship and support, NexaTech Ventures is set to be a driving force behind the next wave of technological advancements.
