New data has revealed that companies included in the inaugural Greater Manchester Tech Climbers list are projected to create nearly 400 jobs in the coming year. The announcement of the winners at a sold-out event hosted by media partner BusinessCloud and TechBlast was accompanied by research data. This research found that 77% of entrants are seeking growth capital, 66% have received funding, and 51% cite access to finance as their biggest barrier. Over half of the entrants highlighted a need for more angel investors and venture capital support in the region.
The Tech Climbers list is judged by project partners and assesses investment, impact, and innovation. Entrants submit a snapshot of their data to chart growth and insight into their businesses. The list aims to showcase scaling tech businesses in growth regions across the UK. Manchester’s tech ecosystem was found to be thriving and creating jobs and funding opportunities. However, Tech Climbers’ founder, Anna Heyes, emphasized that there was still work to be done to create a strong tech community.
The Tech Climbers list was sponsored by Brabners, Burns Sheehan, Marks & Clerk, MHA, and TD SYNNEX and compiled by Active Profile in association with BusinessCloud and TechBlast. The event was attended by over 150 people and was held at the HQ of Peak AI. As Ayan Mohamed, founder of Digitech Oasis, stated, Tech Climbers is more than a list; it’s a community where businesses can connect, collaborate, and grow. Events like Tech Climbers bring entrepreneurs together with the investment market, creating new relationships and cementing existing ones.