The gig economy is a hot topic at the moment. It refers to the working environment in which companies recruit individuals to work for them on a self-employed basis. Instead of being paid a salary, individuals are paid for the ‘gigs’ they do. Think Deliveroo and Uber. The Guardian reported that the UK’s gig economy has grown by 70% since 2010. It’s a popular model believed to account for at least 15% of the UK workforce and it’s expected to continue to grow as technology develops and demands change. Why Gig? Flexibility. Individuals set the hours they work and can move…
The European Commission has released a new set of proposals to replace the ePrivacy Directive (Directive 2002/58/EC). The proposals seek to update the directive which deals with privacy protection and users of electronic communication services. The proposals are aimed at increasing trust in the digital single market and aligning ePrivacy laws with the more stringent rules under the General Data Protection Regulation (GDPR) going into effect May 2018. The Directive is designed to harmonise the privacy regime so all individuals and businesses in the EU are subject to a unanimous high level of protection. What to expect There are…
JAG Shaw Baker has been working with UCL Entrepreneurs’ Society to provide a commercial and legal sounding board to student-driven start-ups and to mentor budding entrepreneurs as they explore potential business ideas. As part of that, UCL created the Moonshot Launchpad progamme in 2016, a 12-week pre-accelerator program for engineering, science and tech start-ups. Sharmela Thevarajaha and Imran Bhatia, Associates at JAG Shaw Baker, were on the judging panel of the current Moonshot Launchpad. The nine finalists in the innovation program were primarily focused on the healthcare, fintech and energy sectors. Each company pitched their business ideas and faced tough questions from the judging panel. In…
The US has always been a hotbed of venture capital investment. In 2015, the National Venture Capital Association reported $58.8 billion was invested in the US, with VCs investing 5.4 times more money in the US than in Europe. According to Tech.eu’s recent funding report, European technology startups raised around €16.2 billion in 2016. Despite the fact that those numbers don’t touch the US investment numbers, we still see increased interest in UK and European start-ups from US investors. The deep pockets of Silicon Valley VCs have filled the dreams of entrepreneurs around the world, but diving into a US funding round without…
We’re happy to round out this week with a big congratulations to the start-ups that are part of Tech City UK’s Upscale Class of 2017. Upscale is a program for the most promising early stage start-ups to begin their journey to success. Each of the 33 companies are mentored by some of the UK’s most successful tech entrepreneurs including Riccardo Zacconi (KING.com/Candy Crush founder); Martha Lane Fox and Brent Hoberman (Lastminute.com founders); Lesley Eccles, (FanDuel founder); and David Buttress (Just Eat founder). The start-ups in Upscale are from a wide variety of tech sectors. The companies also reflect the UK’s strength in particular markets,…
JAG Shaw Baker was invited to attend Unbound London in last month. The two-day innovation event in December took a stratospheric leap into a hyper-connected future where change will occur in the blink of an eye and be driven more by society. The event kicked off in royal style with the Duke of York, Prince Andrew introducing Pitch@Palace – an initiative created by his charitable trust to guide, help and connect entrepreneurs with influencers, angels, mentors and business partners. Insightful talks and panel discussions followed, touching on topics such as augmented reality, chatbots and even digital love and relationships. Each talk…
In May 2018, the UK will implement the General Data Protection Regulation (GDPR) which was created to strengthen and unify data protection for individuals in the European Union. The Information Commissioner’s Office (ICO) is responsible for the Data Protection Act 1998 and Freedom of Information in the UK. The ICO recommends 12 steps businesses should take before May 2018 in order to help businesses prepare for compliance with the GDPR in 2018. Awareness: Inform all decision makers in your organisation that the law is changing and the GDPR will be effective in May 2018. Information audit: Document where all personal data is derived…
In one of the first rounds of 2017 and another win for Fintech, Monese, a banking app for immigrants and expats, announced a hefty A round of $10 million. The app caters to immigrants and expats and in the context of Brexit, the round is notable because of its international consortium of investors. Two lead investors, Estonia’s Smart Cap (in the first round with Seedcamp) and Korea Investment Partners (in this current round) are our clients and we’re pleased to have advised them on this deal. Other investors in the round include Anthemis Exponential Ventures and STE Capital. The total funds raised…
In early December, Techcrunch Disrupt London came to town. The event hosts Startup Battlefield which gathers early stage startups together on one stage to compete for the Disrupt Cup and a cash prize. As expected, the agenda was jam-packed with a wide-range topics from Brexit and walking robot dogs to flying cars and the continued disruption and innovation of Fintech. On the VC front On the venture capital front, Niklas Zennström, Atomico said that early stage Seed and Series A investments in Europe are now on par with the US, both in terms of amount of capital invested and number of companies….
It’s highly likely that Brexit will affect the value of many UK businesses’ Intellectual Property Rights (IPR) portfolios. But in the Brexit era, JAG Shaw Baker’s Intellectual Property team put together ten insider tips for you to consider if you’re concerned about your IPR. You should always check with your lawyer to be sure your IPR are up-to-date with the most recent regulations. The Ultimate Brexit Intellectual Property Tip List Take a look at the extent to which your business relies on pan-EU IP rights. It’s important to consider EU rights such as EU trademarks and registered and unregistered community designs. Are these protected…
Welcome to the JAG Shaw Baker blog. This is the place where we talk about clients, current news affecting the start-up community, trends in life sciences, digital technology and clean tech markets and even some opinions on legal matters affecting high-growth companies today. We welcome your comments!
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