Successful Tech Hubs:
London
So far we have seen that low cost
and an accessible pool of talented people is present for success in a Tech Hub.
But can high salaries coexist with Tech Industry? The answer is yes, through
more value added and Innovation. London[1] is the
capital and most populous city of England and the United Kingdom, with a
population of over 8 million people. It is a leading global city, with strengths
in arts, commerce, education, entertainment, fashion, finance, healthcare, media,
professional services, research and development, tourism, and transport. It is
one of the world’s leading financial centers, a cultural capital, and the world’s
most-visited city. It is one of the world’s leading investment destinations,
hosting more international retailers and ultra high-net-worth individuals than
any other city. It is a multicultural city (this time for real), more than 300
languages being spoken within Greater London.
Tech City UK[2] has the
mission to accelerate the growth of London and the UK’s digital economy. The focus
is on areas like digital skills, smart capital investment, infrastructure,
international development and leadership. With the support of companies like
Intel, Cisco and Google, it is now establishing itself as a Global player in
the World Economy. Local infrastructure investment includes communication
network and superfast broad bands. The Tech Hub[3] is a
unique environment where technology startups can start up faster. We nurture an
international network of like-minded and focused tech entrepreneurs, providing
places where they can work, meet, collaborate, network, learn and have fun. By
getting the right people together in a physical space, good things happen. In
the beginning, it was just very small businesses, using cheap space as a place
to do something. Now it attracts a whole combination of companies, from the big
to the small, all there to access TALENT. It is a place to engage people in
positive entrepreneurship, to create a better model for the 21th century.
Set up here to access exceptional
staff, tax breaks, entrepreneur – friendly visas and investment schemes. Grow
faster by tapping into ready venture capital. Access 155.600 digital technology
employees in London. Some of the world’s top universities are IT R&D here,
while 23.000 students are studying computer science. It is home to 34.000
Digital Tech companies, with a 28% growth per year since 2009. In terms of
access to talent, access to market, access to Capital, there is no better place
in Europe. It has a strong and solid internal market, and continuously attracts
talent from all over the world. It is an engine for Innovation and for culture.
It consists of 70 successful co-working spaces across the capital, from
Incubators to Accelerators. It is the place where interesting and new exiting
things happen, and the ultimate Digital City on the Global Stage. It is a place
where creators, innovators and pioneers thrive. It is also a Smart City[4]. I will
dwell more on that later. For now, know that, if you are in Europe, London is
the place to be.
“I have not met anyone in the
world who would not love the opportunity to spend time in London” – Richard Branson.
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