20 March 2020
3 minute read
Keeping the Rise community up to date
In light of the uncertainty surrounding the outbreak of COVID-19, we want to reassure you that our Rise team continues to serve and support everyone in our community. Our number one priority is the safety and wellbeing of each member.
We trust that at this time, you and your families are safe and well wherever you are. In the next few days and weeks, our team will be working hard, digitising and increasing virtual access to our services.
We are collaborating with our partners Barclays Eagle Labs in the UK, to provide ongoing information, support, mentorship and learning that’s relevant to our FinTech community during these unprecedented times. We’ll make all of this available on our events page.
Keep in touch
We feel it’s more important than ever to stay connected during this time, so if you have thoughts or suggestions on how we can help you, your team and the ecosystem, do let us know by contacting us.
From a corporate-wide perspective, Barclay's response to COVID-19 is available on the Barclays website.
Keep well, and let’s look out for each other.
Rise Global team
Site updates:
21 April 2020
UK Government announces The Future Fund
The Future Fund is a new bridge funding scheme to issue convertible loans to startups and other innovative companies that are facing financing difficulties due to the Coronavirus outbreak.
The UK Government announced a £250m fund to support startups struggling due to the coronavirus lockdown with the private sector expected to match the investment.
The ‘Future Fund’, delivered in partnership with British Business Bank, will offer startups convertible loans between £125,000 and £5m, however each investment will need to be matched by private investors, ensuring at least a £500m capital injection to eligible businesses.
The second part of the announcement is £750m in grants and loans for smaller businesses focused on research and development. The support will be available through Innovate UK’s grants and loan scheme.
Our partners in Eagle Labs have written a review of the scheme on their Support Hub and Ben Davey, CEO of Barclays Ventures will be hosting a panel event, along with industry experts on Thursday 23rd April, we hope you can join us.
Thursday 23 April, 14:00 – 15:00
Ben Davey, CEO of Barclays Ventures will be chairing a panel with industry experts including John Spindler, CEO of Capital Enterprise (UK) (Ltd) following the UK Government announcement on the 1.25BN package for start-ups announced on Monday 20 April and the impact this will have on the UK entrepreneurial ecosystem.
3 April 2020
Mariquit Corcoran, Head of Barclays Ventures US, passes on a message to all of the Rise and Barclays Accelerator, powered by Techstars community worldwide.
#powerofcommunity
Rise Global team
24 March 2020
Rise London closed until further notice
Following official guidance from the UK Government on 23 March, our Rise London building is now closed until further notice. The Rise team is urgently assessing how best to support all of our residents and wider community during this time, and will be in touch as soon as possible with regards to any impact on membership and our wider operations. Please look out for further communications from us using the channels below.
Please stay safe and well and do not hesitate to contact us if we can support you and your business.
Rise London
23 March 2020
Rise New York closed until further notice
Following guidance from New York Governor, Andrew Cuomo, on 20 March, that all workers in nonessential businesses across New York state are required to stay home to combat the spread of the coronavirus, our Rise New York building is now closed until further notice. The Rise team is urgently assessing how best to support all of our residents and wider community during this time, and will be in touch as soon as possible with regards to any impact on membership and our wider operations. Please look out for further communications from us using the channels below.
Please stay safe and well and do not hesitate to contact us if we can support you and your business.
Rise New York
20 March 2020
Rise Mumbai closed until further notice
Rise Mumbai is closed until further notice from midnight today following official guidance from the Maharashtra Government. We’re committed to protecting our members’ safety and wellbeing, and we’re exploring alternative ways of hosting events digitally and sourcing practical information to support our community.
Please look out for further communications via the Rise Mumbai newsletter and on social media. We will update you regularly through these channels and notify you as soon as we can confirm a date to re-open.
Rise Mumbai
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