Press Release: BritAsia Fund has partnered with software company, PatSnap to boost business potential and galvanise the UK economy.
PatSnap is a connected intelligence platform, that allows users to filter data, extract key insights, identify market opportunities and make better business decisions based on AI-powered technology and machine learning.
As part of our funding arm, we are committed to helping businesses realise their goals — particularly as we emerge from the pandemic and look forward to a brighter, stable economy.
By unlocking the potential of diligent, passionate and driven entrepreneurs, we aim to get the UK PLC back on its feet. As such, BritAsia Fund has created a system whereby entrepreneurs can access opportunities based solely on merit.
We will teach startup businesses the blueprint of how to build a successful company from the ground up and combine this initiative with the support of a TV show to help entrepreneurs raise money and scale their companies.
Pitch It is delighted to be joined by PatSnap Co-Founder & VP New Ventures, Ray Chohan, who brings a wealth of experience from the software and data analytics industry. In 2012, Ray founded PatSnap West, part of a global business now valued at more than $1bn and backed by the likes of SoftBank and Sequoia capital.
With significant experience in IP knowledge and coaching world-class talent, Ray’s insight, expertise and vast investor network will prove the rocket fuel behind the hugely talented Pitch It entrepreneurs.
CEO of BritAsia, Tony Shergill commented: “It has been truly heart-breaking to see the adversity so many have gone through over the past year. I wanted to do more than just give sympathy, so it’s amazing to put this initiative together and see it having such a positive impact on businesses.”
Ray Chohan added: “Innovation and entrepreneurialism are pivotal to driving widespread, long-term economic growth. I started PatSnap West from my apartment, so fully support any initiative to help realise the potential of pioneering start-ups.
“As part of our relationship with Pitch It, we are providing start-ups with complimentary advice on their IP strategy (trademarks, patents, copyright, etc) through our enterprise-grade AI-driven software. We are also offering expert guidance and providing priceless access to our global investor network.
“I fully believe that Pitch It will deliver a significant impact and I’m looking forward to seeing the initiative rolled out nationwide.”
Founded in 2007, PatSnap is the company behind the world’s leading innovation intelligence platform. PatSnap is used by more than 10,000 customers in over 50 countries around the world to access market, technology, and competitive intelligence as well as patent insights needed to take products from ideation to commercialisation. Customers are innovators across multiple industry sectors, including agriculture and chemicals, consumer goods, food and beverage, life sciences, automotive, oil and gas, professional services, aviation and aerospace, and education. PatSnap’s team of 700+ employees work from its global headquarters in Singapore, London, and Toronto. To learn more about how PatSnap is improving the way companies innovate, visit www.patsnap.com.
About BritAsia Fund:
In the face of millions becoming unemployed by the pandemic, BritAsia Fund was set up to help these people build and scale companies. It will back people who want to have social impact, and give opportunities based entirely on skill, talent and drive, rather than skin colour or background.
About BritAsia Pitch It:
Pitch It is divided into one training day followed by a day of pitches before investors. With the information given to them from the training day, businesses can either update their existing pitch decks or create a brand-new one. As well as opportunities to receive investments, the businesses can also be in with a chance to win 10K worth of business resources by Brit Asia TV.
For more information, please visit https://britasia.tv/pitch-it/.