IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Tech start ups: putting money where your mouth is

Start-ups' technology can give a firm a competitive edge. Does this mean companies should fund new ventures themselves?

BT's process for Brightstar was, though, rather different to the idea behind JLAB. BT had technologies it was developing for internal use, and wanted to spin those out, to attract a wider market and more investment. John Lewis, though, is looking for ideas from outside its business.

The fact that such a well-known retailer is looking to invest in technology is good for the UK's start-up scene. But it also illustrates the relative lack of funding for start-up businesses in the UK. In a mature market for start ups, companies with ideas good enough for a national retailer should be able to find funding independently.

It also suggests that John Lewis feels the sector needs a boost and perhaps a nudge towards thinking of retail, rather than, say, consumer-entertainment apps.

And its investment, initially at least, is modest. But if a modest investment in a technology can help to realise an idea, it may be something that other firms, in other industries, could try too.

Stephen Pritchard is a contributing editor at IT Pro. 

Featured Resources

The Total Economic Impact™ Of Turbonomic Application Resource Management for IBM Cloud® Paks

Business benefits and cost savings enabled by IBM Turbonomic Application Resource Management

Free Download

The Total Economic Impact™ of IBM Watson Assistant

Cost savings and business benefits enabled by Watson Assistant

Free Download

The field guide to application modernisation

Moving forward with your enterprise application portfolio

Free Download

AI for customer service

Discover the industry-leading AI platform that customers and employees want to use

Free Download

Recommended

STMicro, GlobalFoundries invest €5.7 billion in French semiconductor production
Hardware

STMicro, GlobalFoundries invest €5.7 billion in French semiconductor production

13 Jul 2022
The field guide to application modernisation
Whitepaper

The field guide to application modernisation

4 Jul 2022
Powering through to innovation
Whitepaper

Powering through to innovation

21 Jun 2022
Netsuite integration checklist
Whitepaper

Netsuite integration checklist

18 May 2022

Most Popular

Why convenience is the biggest threat to your security
Sponsored

Why convenience is the biggest threat to your security

8 Aug 2022
How to boot Windows 11 in Safe Mode
Microsoft Windows

How to boot Windows 11 in Safe Mode

29 Jul 2022
UK water supplier confirms hack by Cl0p ransomware gang
ransomware

UK water supplier confirms hack by Cl0p ransomware gang

16 Aug 2022