Tackling the North-South tech funding gap – Jess Jackson, investment manager, Praetura Ventures

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UKTN

Technology, Entrepreneur, Tech, Business, Hr, Sales, Uktech, Investing, Funding, Entrepreneurship, Marketing

5 • 6 Ratings

🗓️ 27 February 2024

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jess Jackson, investment manager at Praetura Ventures, discusses the challenges startups in the north face, the stark gender divide in the tech and investment industries and how the government should be supporting small businesses and underrepresented entrepreneurs.

Jackson joined the Manchester-based venture capital firm in 2022 after years of managing investments in the city at GC Angels. Praetura Ventures prides itself on its commitment to backing companies in the north of England, which traditionally have less access to funding than their counterparts in the south. Jackson is also a founding member of Fund Her North, a collective of northern women investors that campaigns for better treatment and opportunities for northern women in tech.

Transcript

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0:00.0	Founders in the north of England are twice as likely to say that we lack startup funding
0:11.8	when compared with London.
0:14.5	The good business looks like a good business at the end of the day and I don't think it should matter
0:21.9	where they are.
0:27.6	Venture capital as an industry is incredibly undiverse in and of itself.
0:44.0	From the first time founders to the funds that back them,
0:45.9	innovation needs different.
0:49.9	Our episode partner, HSBC Innovation Banking,
0:53.4	is proud to accelerate growth for tech and life science businesses,
0:55.4	creating meaningful connections and opening up a world of opportunity for entrepreneurs and investors alike.
1:00.7	Discover more at www.h.hbc InnovationBanking.com slash EN-GB.
1:13.9	Hello and welcome to the UKTM podcast, a weekly chat with the movers and shapers of the UK
1:19.5	tech industry and the destination for all things UK tech related.
1:24.1	I'm your host, Jane Wakefield, and this week I am joined by Jess Jackson from
1:28.3	Pretoria Ventures, a venture capital investor based in Manchester. Welcome, Jess. Thanks so much
1:34.4	for having me, Jane. It's great to be here. Now, first up, can you just give me a bit of a sense
1:40.4	of what's going on in your region, tech-wise, startup-wise. What's the scene like?
1:47.3	Yeah, no problem. The northern scene has been absolutely all over kind of the tech news recently.
1:54.2	There's more and more kind of funders coming here. It certainly seems that way to me anyway.
1:58.7	It's only ever worked in the north of funding team.
2:05.2	We've got more and more funders coming here, more and more startups founding here,
2:08.6	because of a number of reasons, which I'm obviously really happy to dive into.
	...

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