As part of the UK government’s goal to diversify its telecoms supply chain, the UK Telecoms Innovation Network last week hosted an investor briefing to promote some of the country’s most promising startups. Startup projects ranged from optical AI processors to robotic satellite repair systems. The great European telecoms firms are struggling. This week, TIM and Vodafone are in the process of offloading assets across the continent, and most MNOs are downsizing operational expenditures, including huge staff cuts. The cost of capital is high, revenues in the region are low, and everyone is feeling the squeeze. This is the rather gloomy setting for UK start-ups seeking to promote their businesses at the UKTIN investor briefing in Bristol last week. But…