Mayor of London Boosting City's Technology Startups with $33 Million in Funding
Technology startups are getting a boost in London – the city’s Mayor, Boris Johnson, has announced new funding for companies that are based in the city. The $33.6 million venture capital, MMC London Fund, is partially funded by $11 million of public money which will be matched by private investment.
London’s small to medium companies are a vital component of this city’s economy, supporting significant numbers of jobs. It is a top priority for me that these entrepreneurial enterprises receive practical support to thrive and grow, not least as many have the potential to become major employers in the future.
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