Mayor to help small businesses harness the power of AI
Mayor of London announces £200,000 fund to small businesses enhance their use of AI.
As part of the Mayor’s Technology for Business scheme Sadiq Khan has announced that he will give 200 small businesses in London a share of £200,000 to enhance their use of AI.
The first phase of the project will see 200 small retailers and hospitality companies offered access to a total pot of £200,000 to help them adopt these advanced tools. As part of the offer companies will also have access to training and a consultation with a dedicated case worker who will help them identify how AI can help support and grow their business.
Commenting on the initiative Sadiq Khan, Mayor of London, yesterday said:
"London is a leading hub for innovation in artificial intelligence and some of the advances being made right here in the capital are revolutionising how business is done.”
"Small businesses are the lifeblood of our economy, and I firmly believe these innovations should be available to companies of all sizes, not just the ones with the deepest pockets. This new initiative is an important opportunity for start-ups and scale-ups to harness the potential of exciting new technology”.
"I encourage small and growing retailers and hospitality companies to apply to this first round of the scheme, and to explore how AI can help improve their day-to-day operations and better meet the needs of their customers.”
The funding has been allocated by the Department of Business, Energy and Industrial Strategy (BEIS), and will delivered in partnership with the London School of Economics, Capital Enterprise and CognitionX.
Applications close at midnight on Monday 20 May. If you'd like to apply, please fill out the survey here.
Latest News from
APPG on Data Analytics launch new Trust, Transparency and Tech report22/05/2019 14:25:00
The All-Party Parliamentary Group on Data Analytics and Policy Connect have launched a joint report on 'Trust, Transparency and Technology.'
techUK responds to PM's latest Brexit speech22/05/2019 13:22:00
Julian David, CEO, techUK comments on Theresa May's Brexit speech yesterday.
#PlaceBasedInnovation: West Midlands Local Industrial Strategy22/05/2019 09:20:00
techUK’s head of local public services reviews the first Local Industrial Strategy
Digital Radio Listening achieves record growth and share20/05/2019 15:51:00
Digital listening has reached a new record share of 56.4%, up from 50.9% in Q1 2018, according to RAJAR Q1 2019 data.
Congratulations to techUK members recognised at UK Cloud Awards 201920/05/2019 11:25:00
Congratulations to all techUK companies that were nominated, shortlisted and won awards at this years UK Cloud Awards.
techUK welcomes AI Council members announcement17/05/2019 16:05:00
techUK responds to the joint statement from Department for Digital, Culture, Media & Sport and the Department for Business, Energy & Industrial Strategy announcing the...
Justice & Emergency Services Management Committee - Interim Statement17/05/2019 11:20:00
We are now entering the 2nd of our 2-year tenure as the Management Committee of the Justice and Emergency Services (JES) Programme. I wanted to take this opportunity at the half-way point to reflect on what we have achieved to date and where our efforts will be focussed for the remainder of our time.
EU ETS Phase IV / Future of Carbon Pricing: Consultation17/05/2019 10:25:00
BEIS has launched its consultation on proposals for a linked EU ETS scheme from 2020