2009: Good time for a tech startup

LAUNCHING any business into the current economic climate may seem like a gamble for many, but there’s never been a better time for Web 2.0 start-ups according to the online network Northern StartUp.
Founder Manoj Ramaweera said three factors were providing a good climate for start-ups at the moment – people using redundancy cash to get going, the fact that set up costs have dropped significantly in the past two years and the way difficult trading conditions lead to inventive solutions.
Mr Ranaweera said: “This is a great time for tech startups to innovate, prove concepts and be there strong when the economy recovers.
“Whilst the last three years saw the emergence of web 2.0 startups with no clear focus on revenue generation, the current economic climate is forcing these startups to think otherwise.
“The startups with the right strategy will emerge, grow and have the opportunity to acquire struggling mature companies.”
Northern StartUp will be looking more closely at the opportunities the new year holds at the first of its events next week.
The speakers for the event are; Mike Butcher, (Editor, TechCrunch UK and Ireland), Ed French, (Venture Capitalist, Enterprise Ventures); James Brocket, (Managing Partner, CalibreOne), Neil Parkin, (Sector Broker, Business Link North West) and Dr. Zoe Lock, (Technology Strategy Board).
The Northern StartUp 2.0 event will be held on Wednesday, January 28 at Horwath Clark Whitehill, Manchester, UK.
Visit http://www.nwstartup20.co.uk/jan09 to purchase ticket(s) and view event details.