1、July 2024UK INNOVATIONUPDATEQ2 2024Image:WayveNotes from Mat 21/6/24Slide 2 lets add the H1 total in the first column$8.8bn Slide 5 Need to make this clear these are AI based tech companies as the headline is the same as Slide 7 Slide 10/11 look like duplicates but Slide 10 is easier to digest Slide

2、 13 Change to UK innovation economy rather than UK tech Slide 16 change startup to innovation value Slide 18-Lets not use the term startups lets call them$1bn+innovation businesses Slide 19 lets add some logos of the companies that have exitedOn page 3,Simons job title is listed as Head of Relations

3、hip Banking please can this be updated to Head of Technology and Life Sciences?On page 10,quantum computing and quantum computers and processors are both listed as$300 million-assume the Quantinuum round has been counted twice,do we need both sectors?On page 10,the phrasing of GenAi is inconsistent

4、with some of the other entries(Generative Ai),and the rest of the report,when AI is usually capitalisedOn Page 10,does generative AI need to be included three times?On page 21,think the italicized words should be added:“This includes chip giant Arm,which is playing a central role in global AI,and is

5、 one of only two European tech companies to pass a$100B valuation.”On page 23,the percentages are inconsistent-it notes that AI has a 23%share of UK investment,but then on the graph it says this is 22%Page/2 Source:The UK remains#1 in EuropeUK startups have raised more VC investment than France and

6、Germany combined in 2024.Germany and France each raised$4.3B in venture capital in the first half of 2024,compared to$9.4B raised by UK startups.The UK ecosystem is also#1 in Europe by value created.The UK innovation economy is worth a combined$1.1 trillion,30%of all European value.UK venture capita