Mindflair highlights UK government AI support in portfolio By Investing.com

LONDON – Mindflair plc (AIM: MFAI), a company focused on next-generation technology investments, including artificial intelligence (AI), has been approached by investor Sure Ventures Plc regarding the UK government’s AI opportunities. Action (WA:) scheme. A statement released by Sur Ventures emphasized the government’s commitment to AI and that its portfolio companies are positioned to benefit from this support.

Sure Ventures, a London-listed venture capital fund, invests in early-stage software companies focused on AI, augmented reality (AR), virtual reality (VR) and the Internet of Things (IoT). The UK Government’s AI Opportunities Action Plan, tabled in Parliament on 13 January 2025, outlines the UK’s strategy to maintain its position in the global AI landscape and outlines the government’s plans to build a high-tech, reliable and sustainable AI infrastructure.

Mindflair, which has a 23.6% stake in Sure Ventures and holds direct and indirect investments in the Sure Valley Ventures fund, could see its portfolio companies benefit from the government’s initiative. The action plan includes measures to boost AI infrastructure and capacity in the UK, such as the creation of AI growth zones, support for access to information, skills transfer and industry partnerships.

Among the portfolio companies that can help in the UK’s technology transformation are Stylus, which offers an AI-powered solution to reduce the workload of teachers; Purple Transform, which provides a SaaS platform to improve safety and security in large infrastructures; and Finxt Robotics, which offers decentralized edge computing software solutions for warehouse automation.

Gareth Burchell, director of Mindflair, expressed his hope for the UK government’s AI action plan, citing its potential to support innovators and economic benefits for years to come. He pointed to Stiles in education, Purple Transform in transportation infrastructure, and Finquest in robotics and automation as examples of AI technology revolutionizing industries.

The information in this article is based on a press release.

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