Barclays Eagle Labs' accelerator scheme has been instrumental in catalyzing a tech revolution beyond the borders of London. The programme, backed by a £12 million initiative, has seen a surge in support for start-ups founded by women or ethnic minority entrepreneurs. In its first year, the scheme enrolled 1,681 tech start-ups, with 74% of them originating from regions outside the capital, and approximately 65% being led by women or ethnic minority entrepreneurs, highlighting a significant shift towards diversity and inclusivity in the tech industry.
Director Amanda Allan emphasized the importance of regional engagement as a distinguishing factor of the program, stating that national initiatives often struggle to reach all communities in need of support. The programme's ecosystem partnership initiative aims to bridge this gap by collaborating with local partners like Tramshed Tech in Cardiff and Bayspace St Ives, enhancing its reach across different regions. Moreover, Barclays Eagle Labs has expanded its mentorship pool to include 1,500 experienced advisors, including those from renowned institutions like Cambridge Judge Business School. This commitment to talent nurturing is further evidenced by the program's budgetary flexibility, allowing for expansions such as additional growth programs and increased funding for local schemes.
Despite facing challenges like the delayed launch of the online academy, Barclays Eagle Labs remains optimistic about its trajectory, focusing on its pivotal role in driving economic growth and technological innovation. The program's impact extends beyond numbers, with tangible support reaching 600 companies through diverse programs ranging from investment readiness to cutting-edge focuses like climate tech and AI. The thriving network of 37 nationwide locations offering support, training, and networking opportunities underscores the Barclays Eagle Labs' unwavering commitment to the UK's tech ecosystem, supporting thousands of businesses and playing a crucial role in the country's tech evolution.