01/09/2026
Real AI sovereignty lies in funding the problems, not the products according to Alexander Kardos-Nyheim❗
Looking back, the moment I knew Britain had an investment problem came during our application for a grant from Innovate UK, the UK’s national innovation agency.
It demanded more detail than any VC due diligence I had ever seen – Gantt charts, multi-stage risk matrices, and an endless loop of residual risk mitigation. A reasonable ask for a PhD thesis; less so for a pre-revenue startup trying to get to market. It is a process built neither for ambition nor speed.
After two rejections from Innovate UK, and years of unsuccessful pitching to UK investors, I took my startup, Safe Sign Technologies, to North America and raised just over £2 million. Two years later, Thomson Reuters acquired the company, in its first pre-revenue acquisition.
It is a story we will see more of during the current AI boom. Britain builds world-leading AI companies, then lets them go.
Read the full article here: https://startupsmagazine.co.uk/real-ai-sovereignty-lies-in-funding-the-problems-not-the-products