Silicon Valley Bank's Platts Says Talent Access Key Issue

The annual Startup Outlook Report reveals that many young businesses are optimistic about 2018, expecting better conditions than in 2017. Key challenges include accessing talent, with over 80% hiring but 95% finding it challenging. Access to capital is improving, with 28% not expecting difficulties. Brexit is a concern, but many startups remain focused on growth and expansion, with some considering EU outposts. Despite Brexit, startups are ambitious and driven to succeed globally.

What is the primary concern for startups in 2018 according to the report?

• Access to capital

• Access to talent

• Regulatory changes

• Market competition

How does the report describe the availability of capital for startups in 2018?

• Dependent on the industry

• More difficult than previous years

• Unchanged from previous years

• Easier than previous years

What is a significant factor contributing to the maturity of the UK innovation ecosystem?

• Stricter regulatory environment

• More international partnerships

• Higher quality of companies and entrepreneurs

• Increased government funding

What is one reason some startups might consider setting up outposts in the EU?

• To benefit from lower taxes

• To access better funding opportunities

• To collaborate with local universities

• To avoid Brexit-related challenges

How are startups generally responding to Brexit according to the report?

• They are focusing on business growth and profits

• They are relocating to other countries

• They are reducing their operations

• They are expanding their teams