British entrepreneur Scott Dylan has announced a significant £100 million investment aimed at supporting AI and technology start-ups.
At the age of 40, the Manchester-based businessman and investor has launched NexaTech Ventures, a new venture capital fund dedicated to identifying and nurturing the next wave of AI and tech innovators.
The fund is designed to support trailblazers in healthcare, finance, logistics, and creative industries by providing funding, mentorship, and strategic guidance.
Scott Dylan, the founder of NexaTech Ventures, stated: “I love to see talented people and great businesses succeed. This fund will help us to find those visionaries who are creating AI tools and tech that will transform our everyday lives.”
However, Scott emphasised that for many entrepreneurs, it’s not always about the funding: “Sometimes these technology whizzes are more in need of mentorship and strategic support, than they are of finances. This fund will not only give them the financial capabilities to succeed, but the support system that is crucial for success and to scale a business.”
“AI tech is here. This is not a project of the far distant future, it is transforming all our lives right now. We want to help nurture and guide how this is evolving into something positive and game-changing for many sectors.”
NexaTech Ventures is positioning itself as a key player in driving technological advancements both in the UK and globally by providing this essential support to start-ups. Scott and his team have developed a comprehensive support system that offers not only financial backing but also everything a new start-up needs to thrive.
- Connecting start-ups with seasoned professionals in the tech industry for guidance, insights, and support in overcoming challenges.
- Providing access to a global network of experts, industry leaders, and potential customers.
- Advising on scaling businesses while maintaining their innovative edge and operational stability.
The £100 million fund strategically targets sectors where AI and technology can make the most significant impact.
Healthcare: AI has the potential to revolutionise patient care and advance medical research. NexaTech Ventures is particularly interested in supporting start-ups developing AI-driven solutions aimed at improving patient outcomes and making healthcare more accessible.
Finance: NexaTech Ventures aims to redefine the future of finance by assisting AI specialists in areas such as fraud detection, personalised banking, and investment strategies.
Logistics: AI will be crucial for optimising logistics and enhancing operational efficiency within the logistics sector. This fund is looking to support tech start-ups capable of creating cutting-edge solutions to transform how this sector operates.
Creative Industries: AI is also making strides in creative sectors such as digital media, music, and film. NexaTech Ventures seeks start-ups that can help the industry leverage AI to engage audiences in new ways, expand artistic expression, and push the boundaries of creativity.
With the launch of NexaTech Ventures, Scott Dylan has initiated a new chapter in the venture capital world. By combining substantial financial resources with industry expertise and a hands-on approach to support and mentorship, NexaTech Ventures is poised to be a driving force behind the next wave of technological innovation.
