THE UK proposed a new National Investment Fund to help close a 4 billion pound (US$5.3bil) funding gap between American and British technology startups.
The fund would provide money and other incentives to the country’s most promising startups aiming to grow the young firms into future market leaders, according to a consultation announced last week by the Treasury. Authorities will look at how to spur investment into technology from pension funds, and how to commercialise research from UK universities.
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