Business & Technology
Coinbase-led UK accelerator backs eight Web3 AI startups
Coinbase, Fabric Ventures, Animoca Brands and Founders Factory have completed the first cohort of their UK Web3 and AI accelerator, R[3]sidency. The programme selected eight startups from more than 800 applications.
Each project received USD $300,000 in cash, along with mentoring and workshops led by entrepreneurs and industry specialists. The cohort was also presented to more than 40 early-stage investors at a London demo day.
Launched earlier this year, R[3]sidency aims to strengthen the UK’s position in Web3 innovation. The initiative is focused on financial technology, digital assets and the use of artificial intelligence in new online services.
The eight selected companies span several areas of fintech and software. They include Auto, which is developing an AI-based wallet for on-chain execution, and Kash, a prediction market protocol designed to sit within social media feeds.
Also in the cohort are Lexifina, which focuses on workflow automation for small and medium-sized law firms, and Poll, which is building a betting layer for group chats. Robin Markets is developing banking services for prediction markets, while Rosetta is targeting exchanges, fintech groups and on-chain allocators with software for deploying capital into yield strategies.
WEB is building tools for founders and communities to create and fund projects, while Unified is developing infrastructure intended to let asset managers use crypto assets as collateral to access traditional financial markets.
The programme brings together a crypto exchange, an early-stage technology investor, a digital assets investor and a startup builder. According to the organisers, mentors included representatives from the Ethereum Foundation, Betfair, Sky Mavis and Wintermute.
Competition for places was intense, with just eight teams admitted from more than 800 applications. The selective intake suggests the backers are prioritising depth over scale at a time when investors are closely watching how AI and blockchain may intersect in financial services and software infrastructure.
Keith Grose, chief executive officer of Coinbase UK, linked the programme to the country’s broader technology and financial strengths.
“The UK has an incredible density of entrepreneurial and technical talent. With leading global universities like Cambridge and Oxford, and being home to one of the world’s leading financial centres in London, we are optimistic that UK startups will find success building the future of finance. More broadly, we believe the UK can be a true global hub for crypto innovation. Collaborating with leading firms in support of UK startups and entrepreneurs is part of how we are supporting the UK to realise this potential,” said Keith Grose, chief executive officer of Coinbase UK.
UK focus
The launch comes as the UK competes for fintech and digital asset investment with markets including the US, Singapore and parts of the European Union. London remains a major financial centre, while Britain’s startup ecosystem has produced companies in payments, digital banking and financial software.
At the same time, crypto businesses and blockchain startups face a more demanding funding environment than they did during the market’s boom years. That has pushed many founders towards narrower business models, clearer revenue plans and products that appeal to both crypto-native users and mainstream financial institutions.
The inclusion of projects in legal software, prediction markets, collateral management and treasury-style tools reflects that shift. Several of the selected startups appear to be focused on infrastructure and workflow challenges rather than consumer speculation alone.
Fabric Ventures co-founder and managing partner Richard Muirhead said the small intake was deliberate.
“R[3]sidency is small by design. Eight teams from over 800 applications, because these founders building the machine economy need deep attention in their first months. This cohort of pathologically focused builders is shipping the financial, legal and coordination rails that autonomous agents need to operate. From programmable stablecoins for AI to legal infrastructure for software that signs contracts. The UK has a once-in-a-generation chance to build these tracks for our AI future. R[3]sidency exists to find the founders already living in that future,” said Richard Muirhead, co-founder and managing partner at Fabric Ventures.
Founders Factory has built and funded more than 450 technology companies since 2015, while Animoca Brands has invested in more than 600 companies and digital assets. Coinbase, which is listed on Nasdaq, has also sought to expand its role in startup support alongside its core crypto trading and infrastructure businesses.
The accelerator’s first cohort highlights where some investors believe new UK startups may find openings: in software that connects artificial intelligence, digital assets and financial systems, and in tools built for a market moving beyond pure crypto trading.
Business & Technology
Bicester teen, 13, launches homemade cake shed business
Jayden, 13 launched Jay’s Bakes from his home in Taunton Road in Bicester on Saturday, June 20.
Jayden celebrated the launch of Jay’s Bakes at a grand opening on Saturday, June 20 (Image: Ben Slatter Photography)
His late nan, a keen baker herself, was the inspiration behind his passion, as well as time spent helping his uncle with his catering business.
Over the last 18 months he has honed his skills by preparing sweat treats every day after school.
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Determined to turn his hobby into something more, Jayden spent two and a half months researching requirements, gaining his Level 2 food hygiene certificate and officially registering his business, mostly without adult intervention.
Jayden, 13, was inspired to bake and start his businesses by his late baking-loving nan and uncle, who runs a catering business (Image: Ben Slatter Photography)
After four days of preparation, the business officially launched.
Customers were treated to a wide selection of homemade goods, including M&M cookies, Kinder brownies, Biscoff cookies, Victoria sponge trays, lemon drizzle cups and viral ‘dot cakes’.
Jay’s Bakes is available in Taunton Road in Bicester (Image: Ben Slatter Photography)
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His Kinder brownies proved particularly popular, and by the end of the day he had sold out of everything, taking £210.
Jayden took home £210 at the Jay’s Bakes launch on Saturday, June 20 (Image: Ben Slatter Photography)
Despite feeling “excited and a bit nervous” beforehand, Jayden said the opening was a success, with a strong turnout and positive feedback shared on social media.
His favourite moment came when he officially opened the shed by cutting the ribbon.
Jayden was surrounded by friends and family who celebrated the opening of Jay’s Bakes on Saturday, June 20 (Image: Ben Slatter Photography)
Supported by his mum, stepdad, grandparents and uncle, Jayden first began selling from a table in May before building and painting his now-signature blue cake shed.
He now plans to continue baking and selling regularly, bringing his creations to the local community.
Business & Technology
New Oxfordshire Lidl supermarket to ‘give shoppers more choice’
Lidl has been given planning permission to build its ninth supermarket in Oxfordshire, despite concerns over flooding.
Aldi opened in Didcot in 2015 and has a supermarket at the Jubilee Way roundabout but shoppers in the town have had to wait over a decade for Lidl to follow.
READ MORE: Popular hi-fi shop has closed down
South Oxfordshire District Council has now backed plans by the German retailer for a new supermarket in Abingdon Road.
Former Didcot mayor Mocky Khan said: “This give the residents of Didcot more choice, especially when you consider the cost of living environment we have at the moment.
“The town is growing with more new homes being built, and with more growth it’s good to have a wide variety of supermarkets to fit all budgets,”
Former mayor of Didcot Mocky Khan (Image: Contributed)
The plans for the new supermarket were first submitted in 2024.
Didcot Town Council previously objected to the scheme, on the grounds of a lack of flood risk mitigation measures, along with the county council who said there was “insufficient information”.
The town council noted there are “several flooding incidents in the area, especially when the Marsh Bridge water pumps fail”.
But in a report by planning officers granting permission to the supermarket, those issues have now been addressed by Lidl.
The officers said the proposals “largely accord” with the policies around planning, and more can be done to “break up” the car park with greenery.
An artist’s impression of the new Lidl in Didcot (Image: Lidl/SODC)
Planning officers chose to let Lidl build the new supermarket subject to conditions.
They said in a report: “Balanced against this policy conflict is the fact that this is a previously developed site, which is currently in a dilapidated state.
“The proposals represent a significant improvement on the current underutilisation of the site and on its appearance.
“The National Planning Policy Framework and Local Plan set out significant support for the reuse of previously developed land.
“As stated in the applicant’s planning statement, there have been previous enquiries as to the redevelopment of the site that have not come to fruition.
“Given this, finding a viable use for the site is a clear benefit which I consider to be of substantial benefit.”
Thirty-four residents had objected to Lidl’s plans, highlighting concerns over extra traffic, there being no need for another supermarket in the town and there being more appropriate locations to build in their view.
Didcot already has an Aldi store just off Broadway and a Sainsbury’s, M&S Foodhall and Asda.
The nearest Lidl to the proposed site are in Lupton Road, Wallingford, and Marcham Road in Abingdon.
Three people wrote in to support the new Lidl, recognising the benefits of a discount food store and the further jobs it will create.
Lidl has said its proposals for a Didcot supermarket would deliver 40 full-time equivalent jobs as well as further employment during the construction phase.
No opening date was given by the retailer, while the developer is currently on site progressing with the enabling works.
A spokesman said: “We’ve seen demand for our affordable, high-quality products continue to rise in Oxfordshire, and we are committed to serving more communities in the area.
“Our new store will create around 40 new jobs and build on our continued growth.
“We’re excited to be a step closer to opening this store and thank everyone who has supported us on our journey so far.”
It also said the £12m investment would work with the 6,300 new homes allocated to be built, as per the local plan.
Business & Technology
Consultancy firm Dalcour Maclaren achieves B Corp status
Dalcour Maclaren, a specialist in utilities and infrastructure, announced the news on June 22, following a detailed assessment of its operations, including governance, employee wellbeing, environmental impact, and social responsibility.
James Neil, CEO of Dalcour Maclaren, said: “This is a fantastic achievement for Dalcour Maclaren.
“B Corp status gives us the official badge that recognises everything that matters most to us in our culture, our values, and how we make decisions for our people and our clients. We thrive on doing things differently at DM and B Corp absolutely endorses this.”
The certification means the company meets rigorous standards of social and environmental performance, transparency, and accountability.
Dalcour Maclaren now joins more than 10,000 B Corps worldwide and over 2,600 in the UK, including well-known names such as The Guardian, Innocent Drinks, Patagonia, and The Big Issue.
Chris Turner, CEO of B Lab UK, said: “Welcoming Dalcour Maclaren to the B Corp community is hugely exciting. Its commitment to doing business differently will be an inspiration to others and will help spread the notion that success in business is as much about people and planet as it is profit.”
Dalcour Maclaren operates across the UK and Ireland, supporting major projects in energy, water, transport, and digital infrastructure. The company’s services include land, planning, environment, stakeholder engagement, and geospatial services.
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