Unlocking the secrets of scaling up with Chris Ellis, Innovate UK Business Growth

In this episode, we sit down with Chris Ellis, Scale-Up Director at Innovate UK Business Growth, to unpack what it really takes to scale a tech business.Key Insights:• Defining Scale-Up: Chris emphasises that a scale-up is more than just a growing business; it’s one that has a product in the market and is pushing towards a million in annual recurring revenue.• The Importance of Internationalisation: Chris highlights that scaling should involve looking beyond local markets. He stresses the need for UK businesses to tap into international markets and collaborate with global partners.• Understanding the Funding Landscape: The conversation touches on the funding gap that exists for scale-ups, particularly in comparison to their US counterparts. Chris points out, “Some businesses need a much longer runway,” and discusses the importance of understanding the capitalisation journey.• Governance and Culture: Chris shares insights on the dynamics within scale-up companies, noting that strong governance and a healthy culture are crucial.Whether you're a founder or investor, this episode is packed with practical advice on moving from startup to scale-up.Produced by Cambridge TV, edited by Kate O'Connor.Produced by Cambridge TV Hosted on Acast. See acast.com/privacy for more information.

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