Innovative U.K. startups to watch in 2016: Bloomberg
The start-ups were selected after being judged by a panel including 2 Bloomberg heads and 10 external judges Reuters

Bloomberg recently listed 53 UK start-ups in its Business Innovators 2016 guide. The companies on the list, according to Bloomberg, are the ones to watch out for in 2016 as they display the strength and breadth of the UK start-up community.

While these companies have not been ranked, they operate across sectors, including biotech, finance, energy and marketing among others, and made it to the list after witnessing a selection process judged by a panel including 2 Bloomberg heads and 10 external judges.

While Bloomberg's heads included Nate Lanxon, the European head of its news business, and Caroline Hyde, of Bloomberg Television, the 10 external judges included Giles Andrews, co-founder at Zopa; Claire Braithwaite, former head of Tech North; and Gi Fernando, founder at Freeformers, among others.

Proven inventiveness and an ability to challenge the way the country already does business, apart from evidence of strong demand for their ideas, either locally or at a global level, were the criteria to make it to the Business Innovators 2016 list. The innovators include -

6Open Bionics33Purplebricks
8Jukedeck35Secret Escapes
10Bloom & Wild37Improbable
11Metro Bank38Crowdcube
12Open Utility39BBOXX
13Pact Coffee40RateSetter
14Entrepreneur First41Nutmeg
15Cambrdige Quantum Computing42MyOptique Group
17Boldmind44Property Partner
18Appear Here45Lyst
19Digital Shadows46Grind & Co
20M Squared Lasers47Busuu
22Signal Media49Funding Circle
24Brightbridge Ventures51Heat Genius
27Not on the

Lisa Smorsarski, founder of Stylist magazine and one of the judges, said: "There's a real school of thought of globalization and taking everything big as quickly as possible. But there are smaller trends as well about localization and serving communities in an exceptional way."

Eric van der Kleij, managing director of innovation lab ENTIQ, who was also amongst the list of judges, said businesses could thrive and succeed in the UK because it was a big addressable market, a reason why many businesses would launch here before expanding into Europe.