The Current State of Manchester’s Tech Startup
Ecosystem
2019 July 9
Manoj Ranaweera, Founder & CEO
manoj.ranaweera@techcelerate.ventures
+44 7769734491
freegoogleslidestemplates.com
FGST
Catching the startup rocket!
2
Sep 2004
Sep 2004
Due diligence
Oct 2004
First startup
Nov 2004
Shut down first startup
Dec 2006
Morahan
International
MBA
2011
2009
2014
2013
2007
2006
Techcelerate History (2006 to 2013)
IoD Oxford Road
Northern
Startup 2.0
Manchester, Liverpool,
Leeds & Sheffield
OpenCoffee
Celebrating Tech
Entrepreneurship in style
Northern
Tech Awards
GP Bullhound acquires
Northern Tech Awards
ACQUISITION
Access to Knowledge,
Channels, Investment and
Talent
100+
Events
2006 - 2013: 2,300 tech entrepreneurs + senior managers of tech companies
+ investors + dealmakers + service providers + academia
From San Francisco to Shanghai
Tech Centre
Manchester
Manoj shutdowns his
first fintech startup
Tech Mission
London
2006 - 2013
2012 - 2018
11.01.XX
2018 -
Present
Manchester Tech Startup Ecosystem Builders
2015 - Present
2015 - 2017
2014 - Present
2017 - Present
2017 - Present
2019
Present
FemaleTechFounder Night
Suppliers
Tech
Companies
Investors
Deal Makers
Specialists
(domain &
sector)
Deep
Knowledge
Competition
Ingredients of a successful tech startup ecosystem
Top North West Deals 2018
vs 2019 H1
Excluding share placements
2018:
£137.70
2019 H1:
£136.38
2018:
43 deals
2019 H1:
38 deals

Matillion
27.49
Wejo
19.40
Qunit Group
16.50
Sorted Holdings
15
MissGroup
13.00
13.29% of UK investment in H1
after adding back £770m
revolving credit facility of The
Hut Group
(UK total investment, £6.8 bn,
over 100% of 2018)
SEED
GROWTH
ACQUISITIONS
ACQUIRED
IPO
01
02
03
04
05
Seed
Family, Friends & Fools (FFF)
Accelerator
Pre-Seed
Seed
Seed Follow On
Growth
Pre-Series A
Series A
Series A Follow On
Pre-Series B
Series B
Series B Follow On
Pre-Series C
Acquisition
Series C
Series C Follow On
Pre-Series D
Series D
Series D Follow On
Acquired
IPO
Pre-IPO
IPO
Share Placings
01
02
03
04
05

Early Stages
ARR gone past £1m with
MRR above £100k
Growth
Stage (start)
Growth
P/S fit
MVP
Idea
P/M fit
Product has early
users/customers and
exploring early customer
acquisition channels
Problem/
Solution Fit
Product being built or
launched recently
Minimum Viable
Product (MVP)
Validating the idea
(prototyping)
Idea Stage
Product has paying
customers with growing
MRR
Product /
Market Fit
10
Tech
Startups
Investors
PartnersSpecialists
trt
s
Sponsors
Mature Tech
Companies
Wider Network
Facilitate building their brand awareness
Sponsors
Acquisitions as well as technology push
Mature Tech Companies
Those who are yet to fully tap into Techcelerate
Wider Network (589)
Removes the need to hire full time senior talent
Specialists (8)
Outsource from product development to sales
Partners (7)
Ensures capital adequacy
Investors (8 Angels)
Helping them to accelerate including raising investment
Tech Companies (9)
Product
Your Extended Team
Customers
Finance
& Legal
● Amila (RedLabs, VoiceIQ)
● Mahen (RedLabs)
● Manoj (ebdex, edocr, UnifiedVU, Deal Lite)
● Joan - Growth marketing
● Ian - Sales development
● Stewart - Channel development
● Manoj - Business development
● Andy - (IP Rich) Commercialisation
● David - part time CFO
● Michael - Accountancy (Crowe)
● Chris - Accountancy (SQK)
● Will - Legal (Brabners)
● Manoj - Fundraising and investor
relations
Sector
● Philip - Healthcare
● Robert - Telecom
● Manoj - Business software
● Charlie - Blockchain
Helping with £100m
revenue potential
#SaaS #Fintech
#HealthTech
#MarketPlaces
Working with founder
teams to accelerate growth
until exit
£150k to £5m fundraises
Manoj Ranaweera, Founder
manoj.ranaweera@techcelerate.ventures
+44 7769734491