BBC – Rackspace announces UK start-up programme for 2013

 

Just doing my rounds on the BBC news page and found that Rackspace is entering the UK market in 2013. Article found here…

http://www.bbc.co.uk/news/technology-20425403

Most interesting points….

Cloud hosting firm Rackspace is to offer £12,000 of hosting and mentoring for start-ups on the programme.

A survey of more than 50,000 entrepreneurs ranked London as the seventh best city to launch a start-up.

Rackspace, whose start-up programme has aided more than 850 US start-ups in their early stages, said they felt the timing was right to launch its push in the UK.

“This feels a lot about how I saw Instagram for the first time – two guys sitting at a table coding like mad, two years later they’re worth a billion dollars. It has that feel to it.”

Rackspace is one of the world’s largest cloud hosting firms – second only to Amazon.

The cloud, as it is known, is a term given to storing data on servers in a variety of locations – rather than on a local machine.

Cloud hosting gives small companies flexibility when starting out. Rather than pay for the rental of dedicated servers, which can be expensive, it means start-ups can just pay for what they need.

Companies tipped to be likely IPO candidates in the new year include Mind Candy – creators of children’s social network Moshi Monsters – and online loans company Wonga.

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