The UK government has launched a venture fund for investing in domestic AI startups, part of a bid to minimize the country’s dependence on foreign-made technology.
The fund, Sovereign AI, will invest roughly $675 million in homegrown startups in fields ranging from model development to agentic AI to drug discovery. In addition, portfolio startups will gain access to the UK’s fleet of supercomputers, free visas for international hires, procurement opportunities, and advice from specialists within government.
Sovereign AI will be led by James Wise, a partner at VC firm Balterdon Capital, and Joséphine Kant, formerly of Dogwood Ventures and Y Combinator, an accelerator program whose funding
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