Global technology leaders Coinbase, Fabric Ventures, Animoca Brands and Founders Factory have today announced the launch of a multi-million pound accelerator in the UK, set to transform the UK’s blockchain and AI ecosystem. This partnership aims to unlock product market fit and growth for the next generation of disruptors and to drive investment in technology startups as a key engine of the UK economy.

As institutions and jurisdictions around the world accelerate their adoption of AI, blockchain technology and digital assets, the UK stands uniquely positioned to compete in the global race for innovation.
As Keith Grose, UK CEO, Coinbase asserts: “With deep reservoirs of talent, capital, sophisticated regulators and leading academic institutions, the UK is well positioned to benefit from these opportunities. However, ensuring that these products and services are born out of the UK is vital. For too long, access to capital, mentorship and resources has held back this ambition. This significant investment changes that.”

Business and Trade Secretary Jonathan Reynolds said: “This announcement is a strong vote of confidence in the UK’s tech sector - underlining our position as a global leader in innovation. Not only will it ensure that the UK remains a key leader in blockchain technology but will also unlock growth as we deliver on the Plan for Change. Our modern Industrial Strategy has highlighted financial and professional services as key growth sectors for the UK to thrive in, showing that we are listening and responding to the needs of Fintech businesses – whether that’s on access to talent, finance, or the wider regulatory environment.”

Founders Factory, one of the leading start-up accelerators globally, will deliver world class business and growth training, with hands-on support across business strategy, go to market, product development and fundraising. Alongside them, Fabric Ventures, Animoca Brands and Coinbase will deliver support on tokenomics, community go-to-market strategies, and best practices for scaling businesses in the blockchain and AI space.

Robby Yung, the CEO of Investments at Animoca Brands stated: “It is critical that the UK takes advantage of the opportunity of  the fast–growing Web3 industry, not just as a hub for investment but as a place where innovation is built, owned, and scaled. The UK must be a creator, not just a consumer, of this innovation. The real opportunity lies in developing it here, building intellectual property that leverages the world-class talent base and ecosystem in the UK.”