Seven tech industry bodies are calling on the government to provide £300m to keep start-ups going during the coronavirus crisis
"It's a huge problem right now, no one will do new deals," he said.One company at risk is Juno, which was in the process of raising seed funding for the technology it has developed to"decode" vaginal microbiomes, when the virus crisis struck.
He added:"It would be such a shame if start-ups actively trying to close the gender health gap, making an innovation that's much needed for women's health, didn't come to fruition."Another medical start-up, which did not want to reveal its name for fear of upsetting venture capitalists, confirmed to Sky News that its funding had been pulled, even though demand for its telemedicine service was higher than ever.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zoom booms as demand for video-conferencing tech growsEstimated net worth of founder has increased by more than $4bn since coronavirus crisis started
Read more »
American Airlines to seek $12bn US government aidThe US carrier says it will ask for government help to survive during the coronavirus downturn.
Read more »
UK must go 'further, faster' on virus testingUK must go 'further, faster' to ramp up coronavirus testing capacity, Cabinet Office minister Michael Gove says
Read more »
Outrage over denial of amnesty for Turkish political prisonersGovernment’s critics not among 90,000 inmates eligible for early release due to coronavirus
Read more »
Almost a fifth of small businesses 'at risk of collapse within month'Study suggests some SMEs will struggle to secure government cash in coronavirus lockdown
Read more »
Coronavirus: Government gives daily briefing after biggest daily rise in UK deathsBusiness Secretary Alok Sharma says local authorities have received £12bn for grants to small businesses to help them survive the coronavirus. Get the latest:
Read more »