Getting ready to restart after lockdown: A Case StudyRead more
An unconventional path towards business growth
In the midst of the Brexit fog lies a resurgence of industries poised for growth. And while the rate of IPOs has declined recently, attempting growth by doing things differently is what’s setting many of these industries apart. We feature a few who have their eyes set on growth, and some by doing things more unconventionally.
If everyone did the same thing, we’d never discover anything new. So, we doff our caps to the innovators, the experimenter, the risk-takers.
Here are just 3 examples of businesses and industries doing just that.
The UK Biotech industry and Venture Capital
“According to a quarterly report from the BioIndustry Association and Informa, Venture Capital funding for the sector in Q2 was £329.6 million, up from £134.9 million in Q1. This brought the total raised during the first half of 2017 from VCs to £464.5 million” – pharmaphorum 2018.
Not only has there been a surge in venture capital fundraisings, but the first UK Biotech Initial Public Offering (IPO) of the year was announced, which generated £36 million, as Acacia Group launched on the Euronext exchange in Brussels.
The data from the BIA report suggests that there are good things ahead for the UK BioTech industry – while the economy appears to be slowing down everywhere else.
Increase in registered trademarks for spirits in UK
We are a nation of innovation – and the spirits industry is showing just that. In a recent article published by IEG Policy, it was noted that the number of trademarks registered for spirits and liqueurs with the UK Intellectual Property Office (UK IPO) jumped 41% to 2,210 in 2017. In figures published by law firm RPC, the number of registrations has increased up from 1,570 the previous year, and over the last 5 years, the number of marks registered for spirits has increased 84% from 2013.
“Brands are rushing to register spirit trademarks as the industry goes through a period of rapid innovation,” RPC’s Ben Mark said. “Many drinks companies are adopting a strategy of launching multiple sub-brands and varieties of their drinks in order to meet consumer and retailers’ demands for ‘limited runs’ and niche drinks.”
A UK first-of-its-kind tech IPO
When UK tech company Endava listed on the NYSE, they were setting themselves up for growth by doing something truly unconventional.
“Endava was keen to adopt a dual-share class structure like Snap and Google, which means the majority of voting rights stays with the existing shareholder, but also goes public and brings new investors. In case of major acquisitions, existing shareholders would still be in control.” According to Lukins, the London and the European markets are not used to this kind of dual-share structure, although an obvious exception is the Daily Mail and General Trust (DMGT) that has long operated under such a scheme. “With this move, the Endava team has 90 per cent of voting rights, even if they actually own less,” Lukins said.
And if you’re ready to grow, but you’re choosing an unfamiliar path towards that growth, then it’s time to work with a team who understands your vision – and can help you get to where you want to be. Get in touch with us today.