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.