As any small or medium-sized business (SMB) knows, getting investment is crucial to success, allowing your more scope and freedom to spread your horizons.
Microsoft knows this too, and is now playing a major role in helping fledgling businesses grow and succeed through its Microsoft Ventures arm, which provides help and support for SMBs, investing in new technology and ideas.
The pitches ranged from extreme sports to financial technology to virtual reality and van der Bel belies they demonstrated the UK’s credentials as a hotbed for technology talent.
“We have seven Ventures programs around the world, but London comes out as the most vibrant,” he says. “There is a recipe of success, if you think of the talent that’s available and the international context.
“It’s a great example of how you can apply the latest technology and still find opportunities to build.”
Microsoft feels a strong tie to small, innovative business, Van der Bel says, as the company was, ‘the original start-up’ all those years ago, and is now trying to give something back to some of the estimated 5.2 million SMBs in the UK.
A lot of this advice is done through mentoring, with senior figures from Microsoft or its partners helping out a smaller business and advising them on strategy and priorities.
“Today, you can have access to innovation that normally was only restricted to the big enterprises in the past,” he continues.“You have a lot of guys that come up with a great idea, and get their first piece of funding…but then they fail because they haven’t thought about cash flow, or how they pitch…so don’t get mesmerised by your idea – think about all the other stuff, or you will fail.”
The rise of cloud computing has transformed many businesses, with the UK leading the way.
“The UK market is accelerating towards the cloud, and accelerating fast compared to some of the other areas around the world,” van der Bel says.“We are all about moving to the cloud…it’s the enabler for all the things you want to do.”
Overall, Microsoft’s outlook for the UK is “pretty bright”, especially with the rollout of services such as Azure and Office 365 over the past three years.
“I never would have imagined we’d see such progress” he adds – Microsoft now works with a wide range of high profile British companies, including the likes of British Airways, Transport for London (TfL), and Aston Martin.“The UK is very receptive for new technology, but at the same time taking a little bit of risk, thinking that ‘Hey, if it works – let’s do it!’”
Van der Bel, who has been running the software privately for the last few months, says he is very excited about the opportunities and improvements Windows 10 will offer.
“It feels and looks familiar if you are a Windows 7 or 8 user…but it also drives a lot more innovation,” he says, emphasising that tools like Cortana, Skype for Business, and the all-new Edge browser will help SMBs in particular.
“The world of work is changing, the world of how people live is changing, and we need to provide technology and a platform for those people to be able to be more productive – both on being a private person and being a business person.”
But overall, projects like Pitch are central to ensuring small businesses do get the chance to grow and succeed, he says.
“I would consider (our program) a great success, if you think about the quality of what’s on show…for us, this is our chance to show we’re passionate about start-ups – our mission is to help and empower people and businesses to do more and achieve more.”
What do you know about start-ups? Try our quiz!
Seemingly accidental leak reveals Google is developing Jarvis AI extension that can browse the web…
Amazon is reportedly in talks to pump billions of dollars more into AI start-up Anthropic,…
Star witness for the US prosecution of FTX founder Sam Bankman-Fried, has begun her two…
After axing 31 percent of its workforce when it failed to be acquired by Amazon,…
Mozilla Foundation axes 30 percent of its staff, and is eliminating its Advocacy Division that…
Improving security. Mandatory multi-factor authentication (MFA) is coming to the Google Cloud by the end…