UK's Failure to Back Innovation Is 'Lost Opportunity': Startup Founder

The transcript discusses the role of the UK government in supporting businesses, highlighting the 2018 delegations with Prime Minister Theresa May. It compares the investment environments of the UK and US, emphasizing the need for a shift in investor mindset and the potential benefits of a sovereign fund. The importance of tax incentives like SCIS and EIS for entrepreneurs is noted, along with personal loyalty to the UK and collaborations with the NHS. The transcript concludes with a discussion on the decline in UK clinical trials and the need for innovation.

What was a key benefit of the 2018 delegations with Prime Minister Theresa May for UK businesses?

• Increased tax incentives

• Entry into important markets

• Expansion of the NHS

• Reduction in healthcare costs

How does the mindset of investors in the UK differ from those in the US?

• UK investors focus on short-term gains

• US investors prefer cash-positive companies

• UK investors expect dividends

• US investors avoid technology companies

What is one suggestion for the UK government to support innovation?

• Reduce stock exchange regulations

• Increase corporate taxes

• Start a sovereign fund

• Limit foreign investments

Which tax incentives are mentioned as crucial for startups in the UK?

• VAT and GST

• SCIS and EIS

• Income tax relief

• Capital gains exemption

What has been the trend in clinical trials in the UK since 2018?

• They have increased by 50%

• They have remained stable

• They have doubled

• They have decreased by 50-60%