Comments on Spring Budget published @ UKTN

As founder of Decorte Future Industries and president of Artificial Intelligence Founders Association (AIFA), Decorte was asked by UKTN what measures #AI #startups want to see in the #UK's #chancellor's #budget tomorrow. Good to see some of my comments in their recent coverage. Here's what I had to say:

"We encourage the government to, in their AI strategy, focus on supporting early-stage and scaling startups, which historically have led the charge on AI and have the potential to truly revolutionise the UK's economy.

Three areas stand out where the government can help. Make it easier and more cost-effective for private investors to invest in early stage and scaling AI startups. The R&D tax credit process, recently fraught with difficulties, must be optimised. Finally, due to the regulatory uncertainty still prevalent in the space, the government should consider offering free support navigating legal and ethical complexities to startups seeking to build a sustainable future in the space.

More than past direct grants or research investments, such measures can contribute to the creation of a consistent and healthy economy in which competitive AI startups can thrive."