[...] Read the rest of this entry » [...]

This is great news but ROTFL HA HA HA
“McKinsey and Company, one of the world’s leading strategic consultancy firms, has agreed to share its expertise in helping start-up companies and establishing technology clusters.”

They have industry structure primers that are extremely helpful to many clueless entrepreneurs. For example, I’ve been talking to advertising technology companies, an industry I know virtually nothing about. Having the McK industry primer on ad tech would be very helpful for me to sound less like the clueless noob I am. Getting an intro to the partner who does media agency consulting and can get me in the door of WPP & Co. would be even better. I think we’re wrong to dismiss this.

In short, this sounds awesome. Govt moves slowly, but if even a fourth of this actually happens during Cameron’s term, that would be truly fantastic.

This is great news – I just hope that the process for applying to enjoy any one of these opportunities doesn’t get bogged down with the usual Government bureaucracy

All sounds like a very good move. I hope there’s a cap on investment size (say, no more than £500k) so the fund managers don’t piss it all away on too few startups. Goodness knows where all the Mayfair-types will get their lattes and steak tartare in East London though.

This may be the deal maker that brings me back to the UK.

“Facebook will create a permanent home in East London for their Developer Garage programme” – hmm, that’s news to us! We have been using TechHub for the past few months for our events, but it’s barely ‘east London’, and certainly not permanent, nor has been created as a home for our organisation. So we’re not really sure what Cameron is referring to on that one?!

Thanks for the heads-up, Mike.

Dave Nattriss
Secretary
Facebook Developer Garage London

Yes I found that line pretty amusing as well.

This is good news, any effort that helps the UK become a more attractive place to start a tech company is fantastic.

It’s a pity that no amount of effort can bring that California sunshine to East London though.

It’s not even April 1st…

Amazing news, if it works out. Recreating Silicon Valley is more than just words on paper though.

your natural contrarianism wd let you fit in perfectly in mck.

i’ve actually worked with them on startups on many occasions. their data driven methodology hasn’t come to grips with true ambiguity of the tech startup–and their frameworks around innovation are potentially useful for some elements of fund raising but hardly seed stage.

Wow. This is a great surprise! It seems that this high level govt support is going to accelerate things. Please let that be the case, and not tie us in knots with bureaucracy.

Hmmm, this is interesting and great on the surface, although some things worry me about what has been set out above (hopefully there is more to come from Cameron):

1. Lack of mention of a single University – success of Silicon Valley is focused on the Uni scene. Where is the Uni-drop-out entrepreneur hub in East London to match Stamford? Would not one Uni along lines of Bucks New, be what is needed?

2. I think the term is parachuting – dropping in new resources without paying attention to and giving due respect to the resources that are already there. Much to be said on this but you would hope existing champions of London scene are properly rewarded here. eg. Own-it and others already provide good IP advice. What is the role of the local cultural scene – eg live music – how can we make sure locations like The Foundry are not shut down resulting in an innovation cull? etc etc

3. Dominance of US firms in the mix – nothing against US tech companies of course, quite the opposite in fact, but there are of course various issues around this from a UK perspective, particularly if you are looking for UK born and bred innovation (and ownership).

4. What exactly are these relaxations of UK IP laws to create the kind of environment that allowed Google to develop in the US?? Ok, there are a couple of fair use issues, but they are not material; University IP ownership is comparable (eg Stamford owns pagerank patent); Google was available in UK early and didn’t get sued here that I can recall. Tell me where this statement comes from please! Start-ups getting advice from corporates (and again, no judgment upon any of named companies above), doesn’t seem to align with a statement related to relaxing IP either…

This plus other issues adds up to at least a notion that this should be designed (and from what is above, perhaps redesigned) to avoid doing more harm than good. ie. a large chapter of the scoping doc should be entitled – “How do we make sure this does not kill innovation.” This may need to be brutal and pay particular heed to the impact of corporate sponsorship. I’m sure Leadbetter and all are on to this already.. Overall – it is exciting – shame I just moved out of my flat near Old Street!

Fantastic, staggering news! This is exactly what the UK needs to be competitive – a major central technology hub.

Slightly disappointing that there isn’t a lot more involvement from London’s top universities (Imperial College, UCL, LSE and King’s College London) but I’m sure that will happen in time.

Would also prefer they dropped the “East London” part of the name. Stratford is clearly East London but Old Street/Shoreditch isn’t any further east than the City of London.

In terms of IP law, not sure what they propose – UK IP law is hardly in need of reform. Possibly the introduction of pointless software patents along the lines of those in the US?

Good news for London economy but what incentive for an entrepreneur to actually pick up and bring his business to the UK?

- A visa (if you have VC funding already)
- a bunch of big companies to steal your employees
- maybe a special bank account of some sort

Nothing interesting here, pass. moving along…

This is fantastic news. If Cameron gets this right, it could to wonders for London.

This is fantastic news. If Cameron gets this right, it could do wonders for London.

Mayfair types with latte and steak tartare, pleezze. Pinot Grigio and Bife De Cuadril if you don’t mind!

This is fantastic news. If Cameron gets this right, it could do wonders for London.

[...] Butcher / TechCrunch Europe:UK government plans East London tech cluster, Startup Visa, review of IP law, £200 million in …  —  The British Prime Minister is expected to announce today that the East of [...]

Great idea but I would rather see something to help all UK start ups not just London.

There are growth and jobs to be created all over the UK not just the capital.

I thought the UK already had such an area, which is located in and around Cambridge. I would have much rather seen this level of focus being given to driving start-up growth around that location, which already has a certain level of momentum. London doesn’t really need this, but areas outside the Capital could certainly do with extra investment and resultant growth.

in answer to an earlier poster’s point, Cambridge University also provides a direct feeder into the local tech community too.

Not saying this announcement is bad news, just that it could have been better for those of us outside London.

I’m sure that UK government invests not in vain – the more such centers and the competition between them for the best minds, the more we’ll see companies like Google, Apple, Facebook.

A great idea in focusing on tech sector as this is a major area for both job creation and export opportunity. Looking forward to seeing how transparent it all is though, as anyone with experience of using other govt departments, (e.g. Businesslink which is a shambles) will know all that there’s a hell of a lot of red tape / hoops etc. All in all though, this govt seems to be on the right track.

Brilliant news! I just hope that the groundwork is done and this is implemented with longevity in mind. We’ve seen similar promises before in different areas by local Gov’s and they always end up being unsustainable as the investment is just an initial handout.

Totally agree with others saying that uni’s need to be involved. That’s the kind of thing that will help to sustain it.

Exciting times for London if it comes off!!

Any improvement to the Entrepreneur Visa will be a step in the right direction. Each year there are only about 150 people given an entrepreneur visa. So, this will be a major improvement. And it’s not only if a person gets VC funding, according to what I understand.

Got to love the irony of that. I’m here in London hoping the USA implements their Startup Visa program.

I’m surprised and disappointed by this announcement. It really doesn’t cost the government very much to make a big fanfare announcement about making “East London” (really?) a “Tech City” (erm… really?).

The fact that they’ve attracted some big companies to invest here is not particularly great news. It doesn’t foster the startup community in the same way incentives for entrepreneurs does, and opportunities for seed funding and pushing the boundaries.

I’m attempting to build a startup culture in Milton Keynes and this announcement just reinforces the idea that the Government likes big plans, but doesn’t put meat on the bone for the whole of the UK…

Where is the investment in tech outside of London? Very poor..

Silicon Roundabout… perpetuating and worsening your company’s heavy drinking culture since 2006.

This sounds like an amazing opportunity, and has certainly piqued my interest into applying for one of the schemes and setting up shop where the focus and cash is.

Why London though? It’s traditionally seen as very expensive, both in terms of salaries and property, could very easily be diluted by non tech start-ups, and is currently more about the scene than the density of tech companies.
Now, it could be argued that Silicon Valley fits that description as well, but it grew out of much smaller towns and a smaller hub city, as opposed to the area capital and the distractions that brings with it.

Also, a lot is being made about this being tied to the Olympics. Is this an exit strategy for when the area is left after 2012? Or just to show a good face for the games and for investment to dry up when they’re over?

Certainly an interesting announcement – and good work by the government to finally acknowledge that encouraging entrepreneurs might be beneficial to the economy.

Just bookmarked this site. Useful information.

Global warming maybe?

True, they’re all bullshitters like me who think they know better than everyone else

[...] TechCrunch has details of the planned investments, which reportedly include a new Google Innovation Hub for researchers, developers and academics; Cisco, Qualcomm and Intel opening new presences in the area; Facebook introducing a permanent home for its Developer Garage in London and superfast BT broadband in the Shoreditch and Old Street areas. [...]

[...] TechCrunch has details of the planned investments, which include a new Google Innovation Hub for researchers, developers and academics; Cisco, Qualcomm and Intel opening new presences in the area; Facebook introducing a permanent home for its Developer Garage in London and superfast BT broadband in the Shoreditch and Old Street areas. [...]

All good political hoopla, and sounds just dandy, except the bit where the government is going to change IP law.. That just plain scares me. A bit more fair use would be nice, but what else will they do? Details please, and soon.

Another example of UK government being unable to see past the M25.

The Government speeds up the demise of tech companies outside of London (see realtime games), but plows money into those within the Capital.

Surely something like this would have been better suited outside the capital. Leave London to do what it does best with its financial industry and have the tech industry elsewhere like Manchester, Leeds or Glasgow.

I guess I have an interest in disagreeing, but I still disagree. Cambridge has been well known globally for many years biotech and ‘hardware/silicon’ tech but not high-growth, fast moving Internet-based tech & startups which have not had their ‘own’ cluster, at least until recently. I think this initiative – should it come off – is a ‘good thing’.

Their is already a growing tech cluster in east London which came about without any government intervention…the government is just giving it a leg up and stamp of approval.

Putting money into something that already has a very decent head-start on anywhere else in the UK is much less of a gamble than trying to create something from a lower starting point.

A lot (maybe most) consumer web companies are just media companies really (few have substantial IP) and London is the center of the UK media industry.

My only gripe about London is that the insane property/rent prices make it less desirable to seed-stage companies who want to keep costs down.

I can see where you are coming from however the harsh and bitter (for some some) reality is that the vast mass of VCs and Angels who will want to sit on the boards of their investments are in London os close to it. Plus the serendipitous effect that clustering produces is exactly what the UK tech sector needs. Not another science park which is far away from capital and talent. Sorry but that’s just the case.

I know people who *commute* to London from Milton Keynes. How is this hard? It remains to be seen how it plays out, but the fact the UK gov is drawing UK/global attention to the area, DOES help foster entrepreneurs, in part not because of anything the gov. does, but because the startups can find and mentor each other better. Peer mentoring is half the battle in startups and spreading people out AGAIN would once AGAIN, stop that happening.

I’m also intrigued by the way this is being packaged as a deal for East London. I
f the majority of the companies are going to be based in the Olympic Park, then it most definitely is an East London initiative.
East London is rapidly changing and I hope this means more people who have never ventured past Canary Wharf will take the Jubilee line all the way to Stratford and see just how much the area has and will have to offer.

[...] UK government plans East London tech cluster, Startup Visa, review of IP law, £200 million in finan…. – TechCrunch [...]

sorry for dyslexic use of “their” :s

Let’s assume best intentions. More interest and funding for technology companies in London would be a great thing.

Having incubated startups like Travelstormer.com, Vzaar.com, Specle.net, Elementalise.com and more within the last 6 years we (http://harmonypark.net) intimate knowledge of what it’s like out there.

Spending £200m on ‘technology/innovation centres’ might help a property developer or two, but it seems like pissing money into the wind if you want to help incubate technology companies. Innovation Hubs are somewhat self-creating if you provide the the right ingredients.

Closer integration between startups and universities would help massively. Making existing office space cheaper through subsidy would help. More tax break incentives (like EIS) for proactive angel investors would help. More seasoned entrepreneurs willing to become mentors would help. Programmes like g2i are a step in the right direction, but need to be much better at helping web startups.

McKinsey?? the fees they charge per consultant per month could probably bootstrap/incubate about 5 web startups in the same period of time. Good on them if they are genuinely giving time for free though.

I can say from experience that Barclays have a long way to go if they want to really help high growth tech companies, because in the beginning, all such ventures are high risk, and last I checked, high street banks aren’t too cool with that (regardless of what their PR says).

Paul Graham’s essay on How To Be Silicon Valley makes an excellent reference point for this discussion: http://www.paulgraham.com/siliconvalley.html that

Imperial College London, , University College London, Loughborough University.

Hi Reshma, do you have a source for that statistic? Or is that the going number that you’ve arrived at through your experience?

http://news.bbc.co.uk/1/hi/world/europe/6189371.stm

I’m ignoring the nay-sayers; this is terrific news and should be viewed as very positive that this govt has proactively identified our industry for special attention.

I hope that it will lead to other new and innovative programmes across the country.

C’mon Cameron to build on this news I’d suggest that the govt offer additional tax-incentives for new software startups.

For instance if the company is less than 10 staff and in the first 3 years of trading then how about exemption on PAYE and NIC, possibly even a VAT deferral for a year or two.

This type of action would make a massive difference on cash-flow to ALL UK software startups across the country and would indeed encourage investment and new business to startup.

One thing the government could do to help tech startups is reform of the R&D tax credit system. It’s very difficult to claim any sort of software development, particularly based on open source frameworks, under the current scheme. This is one advantage that other countries have over the UK.

[...] : East London to become an officially sanctioned startup ‘hub’ for the UK. Seen on  Techcrunch – London will be transformed into a “world-leading technology city to rival Silicon [...]

[...] TechCrunch says there will also be a financial injection: “There will be £200 million of equity finance [...]

Sounds great on paper but at the end of the day it is the people that make silicon valley what it is. SV also has a great number of cheerleaders punting it around the globe which adds to the general excitement that ‘something is happening’.

It is also quite possible to get by on a shoestring budget on the west coast whereas the cost of hip East London is more in line with New York City.

http://adgrok.com/why-founding-a-three-person-startup-with-zero-revenue-is-better-than-working-for-goldman-sachs

Excerpt from the above link:

“Bureaucrats by their nature are the exact opposite sort of people from startup investors. The idea of them making startup investments is comic.

It would be like mathematicians running Vogue– or perhaps more accurately, Vogue editors running a math journal.

Bureaucrats manage to allocate research funding moderately well, but only because (like an in-house VC fund) they outsource most of the work of selection.

A professor at a famous university who is highly regarded by his peers will get funding, pretty much regardless of the proposal. That wouldn’t work for startups, whose founders aren’t sponsored by organizations, and are often unknowns.”

“£200 million of equity finance for businesses with high growth potential and £200 million for new Technology and Innovation Centres”

He who pays the piper…

If these companies indeed have high potential, then in a free market, why can’t they raise finance from the private sector? Once you have governments going into the investment business, the inevitable misallocation of capital can at best distort markets, at worst pi$$ away the capital.

It would be more beneficial to remove the structural impediments (e.g. capital gains tax, FSA overregulation of the investment industry) preventing the flourishing of a proper VC/PE industry in the UK. Asking bureaucrats to allocate startup investment capital is a recipe for LOLs.

MIke (Evans)

Claiming RnD tax credits should be straighforward. If you arent speak to Niren Blake in North London. They got out RnD easily. SOftware development IS included. Open source software should qualify.

The post
To comment on this PR release by the Tories. Its a good start, but like most political moves I’d like to see practical help for startups.

Here are some easier steps;

Stop the mindless repetition of expensive legal work required by each startup. Have free template contracts, agreements etc.

Stop the Angel Mafias that are maturing. Its becoming like an inhouse club, with some unsavoury characters (arrogance) and practises (charging upfront fees). Seedcamp = no transparency on deals.

Proper funding help – Seed and Matching funds, the current London Technology Fund only funds extremely technical IP driven startups. Web/Mobile startup? Sorry mate. So who is going to manage to £200million? Lets hope its not LTF.

Better RnD tax reclaim education for startups – some still dont about this. Communicate it better. Add utilities etc to the reclaim too.

Loan kit for developers – mobiles/devices etc.

Some form of rent relief in London.

Lets see the proposal for the management of all this first before we get excited.

[...] More info… [...]

Well done Mike. This is partly down to all your hard work with TechCrunch Europe and TechHub. Go tech UK startups!

Finally initiatives that address the major missing part of the Innovation Ecosystem in London, namely the lack of decent incubator and subsequent science park space. However the links to Universities are thinner than you think. Imperial Innovations is a listed company advising on startup space, Lougborough are setting up a satellite distictly outside the current sector focus in the area and UCL is setting up student accomodation. Hardly the umbilical cord to Universities that is the key part of a successful Science PArk, innovation hub.
London is the leading academic city of the world with 40+ academic instituations so a few more partnerships to deliver skilled people, ideas and links to Universities, eg Knowledge Transfer Partnerships, would really make this whole idea take off. The involvement of large inward investors is thanks in part to the bureaucrats at UKTI so a big hurrah to lod colleagues.
All we need now is a political lead, flair and urgent activity that has been noticeably missing in previous effrots to set up a London Science Park.

[...] they are putting their money where their gobs [...]

As someone else pointed out, Cambridge is another really viable spot. Close to London, great engineering / science university and I guess more readily available and cheaper land.

However the hub is building in East London, and London has one of the highest densities of good universities anywhere in the world. Not just the lone power house engineering school, but you have all the great engineering and sciences places, as well as the design colleges like the RCA, all the university of arts London, as well as the good business schools.

They will need to do more than just work with organisations like Imperial Innovations. Really, Imperial innovations has little to do with the students there, and is there for research spin offs. They need to be working at a high level with the course directors, to instil the entrepreneurial spirit into students and allow them to believe that it is o.k. not to join a massive multi-national when they graduate. They need to be actively capitalising on work students are doing already, final year engineering student projects are often often more exciting, ambitious and inventive than a lot of these new media startups, and are just thrown onto the pile after graduation. If we really want London to become a hot bed of innovation, then it would be foolish to copy the growing Silicon Valley trend of building twitter-facebook mashup aggregators, and capitalise on the huge amount of really inventive talent that is here.

The other thing I think would be more beneficial than almost anything else, is to provide vast amounts of free office space. Even setups like Techhub are too expensive for many, especially students with great ideas, but little funds. (I would like to add it is a bit shameful of the relentless promotion of TechHub here, which would certainly not be the case if Mike was not a founder. Conflict of interest anyone?)

Anything is better than nothing but really who is the beneficiary of this announcement not the UK entrepreneurs.

Cameron is seen to be saying all the right things for TV soundbites by mentioning all the right companies – Facebook, Google and the Olympic Legacy.

“There will be £200 million of equity finance for businesses with high growth potential” – who will control this fund SVG, Nesta, Index?

The government can’t even get the banks the tax payers own today to loan to existing businesses, so how will they loan this equity finance.

The bottom-line, its the same old same old I’m afraid and unless you suckup to the right people’s egos you will never see a penny.

As a startup what we need is access to small angel funding without having to go through the Index Seed, SeedCamp, Profounders etc gatekeepers.

These same Angel/VC people who sit on the money today have never had the foresight or balls to invest in companies like Facebook, Twitter, FourSquare, Groupon etc.

Keynoir raise £1m Groupon raise £44m+
Rummble raise £850k FourSquare £15m+

As for a European or UK twitter clone. Not a chance the model was to left field or technically challenging for the VC’s to understand it. They would have given it a few months or runway to prove the model and then would have demanded revenues or trade sale.

Bebo had to go to the Valley to raise money and grow. They could never have grown here.

The problem isn’t the need for cheap offices or the location. Its about access to real money not a few pennies here and there.

The Angel VC situation in this country is a joke compared to the Valley and will remain so for the next five years unless the government does some real investment and initiatives like R&D tax relief, reduced Corporate Tax, Stock Option incentives, changing the Director Disqualification for risk takers etc.

I applaud the fact that something has been done but it really is pissing in the wind.

Seriously Toby. Are you suggesting Mike Butcher for the Entrepreneur Czar. Now he has made his fortune from AOL/TC stock, I’m sure he will be more motivated by a role in Government. Did Mike pay UK tax on those options?

[...] As reported on TechCrunch. [...]

The problem *IS* the need for appropriate offices [with good IT/business infrastructure and short/simple/flexible property leases] and the location. Its *NOT* about access to real money

This is next door to the biggest concentration of finance in the world, so please can government keep out of the way. I’ve tried to apply for previous government finance schemes and they are always more trouble than they are worth, so never again.

Also, Bebo??? ROFL

@Dave ROFL they didn’t tell you or Josh? I wonder if Google, Facebook, BT and Cisco know about this?

But why oh why East London. Seriously this focus on rejuvenating East London for the Olympics is as blindly stupid as the BBC having to relocate to Manchester.

A better location for this initiative was near Stockley Park on the M4 corridor near Heathrow and London. Can you imagine people flying into London and then having to get across London (no cross rail) to meet the young bright startups?

This is purely a political gesture for TV driven by certain journalists and tech startups in London to justify their “Silicon Roundabout” desires.

I predict it will be a white elephant (and Castle) in a year with no money going to the startups who most need it but it all going to Quango’s and Government bodies.

Mike – any dets on the £200 million – ie terms and how it will be disbursed.
Equity suggests someone/some department with fund managers is or will be managing it…
Nice piece.

I’m sorry is this the same government that just recently removed the tax breaks for the thriving/world leading games industry we once had.

They are not focusing on the tech sector. They just have no idea how to make manufacturing work in this country so they are clutching at straws with these initiatives.

Interesting article Mike but it would have been wise to have somebody else write it, even though you declared your stake in TechHub.

Sadly and yet again government causes brand dilution: This time with “Silicon Roundabout” brand with “East London Tech City”

Best bit of news is that about the “Entrepreneur Visa”

Dude — who wants to live and work in Stockley Park?!!

Great post from Paul Graham from a few years back sheds light on why this is happening in Shoreditch:

“[F]or a startup location is very important. The key to productivity is for people to come back to work after dinner. Those hours after the phone stops ringing are by far the best for getting work done. Great things happen when a group of employees go out to dinner together, talk over ideas, and then come back to their offices to implement them. So you want to be in a place where there are a lot of restaurants around, not some dreary office park that’s a wasteland after 6:00 PM. Once a company shifts over into the model where everyone drives home to the suburbs for dinner, however late, you’ve lost something extraordinarily valuable. God help you if you actually start in that mode.

“If I were going to start a startup today, there are only three places I’d consider doing it: on the Red Line near Central, Harvard, or Davis Squares (Kendall is too sterile); in Palo Alto on University or California Aves; and in Berkeley immediately north or south of campus. These are the only places I know that have the right kind of vibe.”

Meanwhile, from Stockley Park’s Wikipedia page:

“Stockley Park is a large business estate located between Hayes and West Drayton in the London Borough of Hillingdon … built upon a waste tip that was used by Londoners who would load barges on the canal and come to tip the industrial and private waste from West London. Top soil was added to the site to cover the waste and the modern offices were built on top.”

Well said, Andrew. Sadly I agree with most of this

Maybe location/office is an issue for you but there is so much empty office space in London and around the country for that matter that with landlords offering deals.

For me and many other startups its access to funding at favourable terms with enough runway to prove our ideas without having to spend every living minute worrying about raising the next round of funding.

As for Bebo $850m trade sale to AOL is not a joke. I would happily grow a startup in less than 4 years and sell it for $$$ to those mugs at AOL who killed it and walk away with a very healthy bank account like Michael Birch. I’m sure you would like to do the same and I bet you wouldn’t care where your office was located.

[...] elections will almost certainly complicate the debate about visa waivers, the U.K. government is going ahead and doing what the U.S. should do for Silicon Valley: Injecting hundreds millions of pounds of [...]

London is no place for start-ups. I know we have some, but it does not have the right culture or infrastructure. having “done it” in London, it simply costs far too much. Culture is finance, nothing more nothing less, I just don’t ever see London competing with any seriousness with the lure of California and all it has to offer for entrepreneurs.

RISK – the culture is all wrong in the UK – unless we are talking about reckless borrowing.

To all the ‘why London’ whingers can I state the obvious answers:

1. East London already has a number of innovative tech companies.
2. London has a massive pool of talented young jobseekers. You’ll never attract the best talent to Milton Keynes (*shudder*) and Cambridge would need to see some intensive housebuilding if it was to host numbers of new companies with new employees.

There is perhaps a case for saying this would be better located somewhere like Leeds though.

quite right its more about spinning that all that cash being spent on the olympics isn’t a total waste post 2012 – the transport links to east london suck and there are no near by good universities or other technology companies to form a base to work from.

Oxbridge or even Cranfield (if you ignore the special needs management school kids) would be better places.

[...] steigen heute die Briten in den Ring. Die neue Tory-Regierung will in Londons Osten einen massiven Tech-Cluster aufbauen mit allem drumherum, inkl. verbesserter Visa-Bestimmungen für Geeks von [...]

Simon WTF are you smoking do you know anything about R&D

um you do know that the nearest Uni to MK is Cranfield – where most of the students are top 5 management school types or bleeding edge R&D Masters and PHD students.

at one time there was a joke “CIT’s gone down hill you can do just a BSC there now” and the top 5 management school where regarded as the stupid ones on campus.

Twinwoods is near by and that has a direct tap onto the national grid and would be a good place to put a big FO DC

When the climate isn’t right in the place you live for the kind of thing you want to do, take it as an opportunity to change things.

London has the funds, it has the people with ideas and drive; it’s just that they don’t often meet.

Culture evolves like everything else. All it takes is for a a few people to stand up and do something about it.

Right now we are more likely to see a UK reality TV show about people getting funded than to see it happen in real life, so either a state owned startup fund run by ex-Endemol staff is the right solution, or the people who give a shit (everyone who has posted on this thread perhaps) take it upon themselves to help make things better.

By what stretch of the fevered political imagination does this actually tackle any of the real issues facing tech startups in the UK today?

If the same money were used not to make grandstanding gestures but to form “angel power-up funds” (angel & government go in 1:3, BBAA standard contract, fixed price legals, £200K cap, angel does due diligence), UK plc would have 1500+ startups starting up within 12 months. Only worry about where to put the UK startup scene once you’ve bothered to help start it up, eh?

Oh, and last time I checked, Old Street and the Olympic Village were – unless a stealth startup in TechHub is working on wormhole technology – a damn long way away…

Wow, I never really thought about it like that before.

[...] we’re highly encouraged by the Prime Minister’s announcement today of various initiatives aimed at promoting tech startups and digital innovation in the UK, [...]

I am noy advocating spreading out to every region and just blanket uk wide funding. Many commute from MK to London because they have to.

It’s just that the opportunities for developing feeder hubs – brighton, MK, Cambridge, Oxford – are there. It doesn’t have to be completely based in London.

Come and see what we’re doing here… we’re trying to generate jobs and community for the country…

The only thing wrong with this story is that it’s taking too long. There are lot’s of companies who want to grow know and can’t wait for the end of the Olympics. Where’s the entrepreneurial spirit in getting something that will be ready in two years?

As for comparisons between East London and California – get real. We all stay indoors all day anyway working on our new tech startups…

Eoin (resident of Limehouse, East London)

Nope, they didn’t tell us (by the way, Josh isn’t our chairman any more, having stepped down after two years to concentrate on his own start-up).

And we’ve since had confirmation from Facebook’s European Policy Manager that they have no plans to move or start another office as things stand. Cameron’s people seem to have jumped the gun on this point at least.

[...] may have seen this already, but a TechCrunch Europe post got me all annoyed today: The British Prime Minister is expected to announce today that the East of London, which in the [...]

Angel power-up funds discussed here:-
http://nanodome.wordpress.com/2010/11/04/angel-power-up-funds/

Is that why you guys had to sell to Syncapse. The angel mafia and VC let me invest so I can get rid of you mentality over here in sunny east london

#awesome and all good news.

Now lets give anyone based in EC1 as a qualifying tech startup a tax break on corporation tax, employers NI and investors who invest

Lets turn a rain shower into a monsoon.

I guess that onefinestay is by default an ‘East London tech start-up’.

In practice, though, this announcement leaves me cold. A government-administered investment fund is likely to be ineptly administered in respect of VC deals (3i, anyone?). Visas for which qualifying funding is a prerequisite only serve to perpetuate a catch-22. The support of McKinsey and Google, while welcome in theory, will in practice make no real difference (unless they’re planning to make it easier for us to hire from them).

Things that would actually help are:-
- reduce capital gains tax from 28% back to 10% after taper relief for entrepreneurs
- repeal extension of employment obligations for small companies
- massively simplify the corporate tax code
- limit the applicability of section 431 ITEPA elections to listing companies only
- reduce statutory employment law minima for companies with fewer than 20 companies

I can easily come up with 50 other small reductions in friction. The biggest single challenge for small companies is red tape. Far more useful than gimmicks and ‘new initiatives’ (which are more often than not simply re-labelled versions of existing initiatives) would be paring down the existing requirements.

The problem is the government doesn’t get kudos for announcing a hundred small friction-reducing steps. They’re too technical for most people to understand and “cutting red tape” doesn’t make headlines like a ‘big’ number does (not that a couple of hundred million is a big number — it’s smaller than most VC funds).

Rant over.

And of course Cambridge 50 minutes up the road by car.

Spot on 1500+ startups each invested in would be much better than lining the pocket of Techhub (Mike Butcher) and other people looking to use the money to fund their incubator space.

Ooo. A visa, hoo-flippin’-ray. Is this the same government whose douchebag minister for immigration keeps howling about there being too many immigrants in the UK and then moved to cut off visas for highly-skilled people? Established firms in the UK now can’t hire scientists, architects or lawyers who aren’t EU citizens. There’s already a visa for highly skilled people without a job offer, but I guess that the Conservatives will be busy trying to kill that off too. (And you don’t need GBP 220k to qualify.)

I completely agree with Disruptor. London is no place for a start-up. I looked at it when figuring out where mine should head from its base on the Continent… all of my partners said California.

One the one hand, great that something like this is happening. I went to the Eric Ries talk at TechHub. It was great.

But on the other hand I’m disappointed that yet again all the focus is on London. Why oh why oh why? As if the UK economy isn’t lopsided enough with the bias towards the South East.

If you want a place which is prohibitively expensive and will increase your burn rate, London is the place to be. Even the area where TechHub is. I never understand startups choosing to locate in London.

It isn’t the cost of the offices, but the salaries you’ll have to pay for the people in the startup to even rent (let alone purchase) a property in which to live. And if those people are not on salary, but are committing their own funds, then you’ve just reduced the amount of time before they run out of funds.

As for Cambridge, I’ve been to a few networking things near there recently. No shortage of startups. At a recent meeting sponsored by Cambridge Wireless most of audience put their hands up when asked if they were in a startup.

@Stephen Kellett I had my first few start-ups in Cambridge and found the lack of real support (let alone the ability to find business orientated staff) terrifyingly bad.

Cambridge University, for all the good it does, sadly does an equal amount of bad. It suffocates development of the start-up industry because it controls most of the money and facilities and the same old guard are wheeled out for anyone visiting.

Don’t get me wrong – for biotech, very high tech (i.e. low level technologies) and other industrial innovations Cambridge is excellent; but the shiny consumer facing internet services (with literally handful of exceptions) are not there.

The PM has rightly chosen East London because that is where all the start-ups have chosen to cluster.

Had the government really incentivised start-ups to move to CB before 2007 when the London scene started to really accelerate, it might have succeeded, but the costs and noise of London is something which Silicon Roundabout will just have to live with – and use to its advantage.

@Andrew J Scott Until recently I would have agreed with you. I’ve created my company in a vacuum, pretty much (partly my own making, unsure that people would be interested in what I’m doing). But recently started going out and meeting people. No shortage of talented business oriented people. There are apparently at least 44 different networking/support organisations around Cambridge itself. Considering its size, thats a huge number.

Interesting your comments about the good/bad from the University. I’m not a Cambridge graduate. In my time working for Cambridge companies I noticed that the best Cambridge graduates did not have a hang up about the fact they went to Cambridge and the worst did have a hang up about it. No doubt some of that superiority complex is rubbing off to the detriment of Cambridge itself.

My London, not again, sentiment is not anti Silicon Roundabout, just generally anti “all focus goes on London”. Silicon Roundabout will succeed or fail regardless of government. Its got to where it is already without their help.

Re: Costs. You may be right. San Francisco isn’t exactly cheap and yet people cluster there, increasing their burn rate.

Jack Lang – Etrade
ARM
RedGate

All Cambridge based, all major successes.

“I know people who *commute* to London from Milton Keynes. How is this hard? ”

Its not hard, but it a tremendous waste of their time and money. You cannot assume all that time on the train can be productive. Most likely it cannot be at typical rush hour times.

You spend an hour on the train and then 30 minutes on the Tube. Twice a day. How is that productive? How is this an effective use of funds? And you can’t go out for a meal/drink with your peers because you’ve got a train to catch, no late night coding unless you’ve got a sleeping bag. And so on. Just ridiculous. Not productive.

This relentless focus on London just leaves the rest of the country to wither on the vine. Such a waste.

I like that SVB is getting into the UK. That might help some. But in reality the infrastructure isn’t going to be there like it is in Silicon Valley – it never is. I am talking about the web of lawyers, bankers and service providers who understand and accept risk, uncertainty etc. Who defer fees for equity time and again.

The UK attitude towards risk is not going away. The idea that failure is a good thing and part of the learning process for entrepreneurs and necessary if you’re going to really push the envelope as an entrepreneurial community, is antithetical to the UK attitude that failure means you’re done. Half the time if a Silicon Valley flame-out had been in the UK there’d be weeks of newspaper articles calling for the heads of the founders as scam artists and conmen – instead of being people who took risks that didn’t work out.

Plus, the cynicism still appears to be alive and well in the UK. The tear-them-down attitude towards those who try to excel is still there. The attitude in London remains “I don’t live to work I work to live” which means putting in a half-assed effort from nine-to-five and pissing away your paycheck on booze.

The 200mil won’t make a huge difference if the investment attitudes towards early stage risk don’t change to parallel the Silicon Valley model better.

I guess I am just skeptical having experienced the London scene and then the Silicon Valley scene. It’s not close and I don’t see how this sort of thing will close the gap. I wish I could be more bullish on it – I’d love to have the same opportunity to do what we do here back in London. Take the family back there again. I just don’t see it.

I love the entrepreneurs back in the UK who were stronger than me and were able to stay and tough it out despite these odds, instead of moving over here. But it’s probably still a better move to up sticks and head to CA.

[...] 11/5/2010 Update UK government plans East London tech cluster, Startup Visa, review … [...]

Hi Richard,

What the Government fails to grasp that it has now become cheaper and quicker for startups ‘commandos’ (to use Robert X. Cringeley’s term) to go to the US or Canada for funding (oh, and and let’s not forget the issue of a competitively-determined valuation). Hence UK plc is rapidly losing the battle for many future businesses (my own included, very possibly).

Maybe the answer is for everyone to actively promote ways (such as AngelList) that at least partially decouple investment from location. I’d get on a plane to anywhere, me.

Cheers, ….Nick Pelling….

[...] I had the curious pleasure of being invited to join a panel at an event put on by No.10 to announce the launch of Tech City and the Government’s commitment to supporting technology based [...]

As others have said, London is simply far too expensive for start-ups and no good for people trying to do things on a shoestring. Housing is extortionate in Cambridgeshire too and I know of people who have shunned jobs at Cambridge Uni for that reason. Also Cambridge is hardly a fun buzzing place, compared to either London or any major UK city like Manchester, Birmingham, Leeds.
So where this should be is somewhere far enough north to be cheap, but possible to get to London in reasonable journey time.
I actually think the best single thing the government could do is electrify the midland mainline railway. This would make plausible, places like Nottingham (great fun nightlife / social life for 20-somethings, cheap housing) or Sheffield (ditto plus rock climbing on the doorstep). A quick train to London plus connection to Eurostar at St Pancras would make these places do-able.
If you’re going to succeed in business you need to control your outgoings to achieve a profit. Locating in London (or Cambridge) seems so against that basic principle that the very decision to locate in either of those places would deter me, were I an investor.

Nick,

To bootstrap an ambitious company to the point that it can sensibly look for funding at all requires time and personal wealth – and London is the place in the UK with the highest numbers of people able to do this bootstrapping. Startups aren’t simply ideas, they’re ideas that have already been invested into by the founder(s).

Hence external funding is always the second phase – but if London startups can’t get funding, I’d say that’s probably 50% or more of the country’s most ambitious startups written off. Which I think would be a pretty bad first step to be taking.

There’s more on this and on Cameron’s “Blueprint for Technology” (the PDF behind his speech) here:-
http://nanodome.wordpress.com/2010/11/05/camerons-blueprint-for-technology-dissected/

In short: he proposes raiding a (probably Europe-backed) regeneration fund to set up a (say) £200m angel co-funding scheme. However, as to how to convince Home Counties angels to back startups in deprived areas beyond simply co-funding with them, he is silent.

I agree that to bootstrap a tech company you need time (as well as all the technical and business skills). Wealth? Well, Paul Graham (Ycombinator) writes about being “Ramen profitable”. If you want to start a company but you haven’t got much wealth, then you try to get by on a shoestring., at least at first. And that means living somewhere cheap, but still within a reasonable day trip distance from London.
It seems to me, if someone can bootstrap a company with little resources in the north/midlands, with employees/co-founders that are more likely to stick around, that company can expand with far less costs and need less external / angel investment in the first place. In London a lot of the investment is simply wasted on London rents and London salaries and, more fundamentally, the dangeer to the business from crucial early employees leaving, because starting a family doesn’t work out well in London for example.
I accept your point that there’s a concentration of potential startup founders already in London and getting constructive attention from the gov’t would probably help them. But I would ask them, if you’re serious about your goal why aren’t you considering moving out somewhere cheaper, to improve your chances of survival if you’re not making money for a while, etc ?

Nick – if I was going to move myself and my family anywhere to benefit my startup, rest assured it would be to somewhere where there is accessible funding rather than cheap accommodation.

Even so, is it really true that every company can be bootstrapped all the way to the proftiability, and that if you can’t see a way of doing that, it’s just a failure of your business imagination?

OK, I’d agree that there’s much more than a grain of truth in that, but doing everything on the cheap also typically dramatically lengthens your project development lifespan – and that can be a terrible thing as well.

From my own perspective: having founded a security camera manufacturing company and bootstrapped my way over a ~£1.3m development risk mountain, I’m now facing a £100K working capital hill. No prizes for guessing which one of the two is harder to get past. =:-o

@nai – that’s a stat straight from the govt. the number is so low b/c the requirement of £200K investment to get an entrep visa is just ridiculous.

I think our job overall is to continue to push for overcoming all the friction points small and big. The announcements are a great start and let’s continue to push for more.

Just to interject…

The area between Old Street and the Olympic site houses plenty of affordable property. How do I know? I live here, eating pot-noodles (not ‘Ramen’), living cheap.

It seems you’ve been slightly misinformed, this isn’t West London we’re talking about. Granted, maybe rent may be slightly more expensive than say Nottingham, but it’s the price you pay for having the worlds leading financial and creative hubs on your doorstep. I know what I’d prefer.

London is the clearly the obvious choice, even if a pint of lager is a tad more expensive.

We’ve invested across 17 countries in Europe in the past 3 years and one of the biggest takeaways is the importance of hubs and of continuing to grow those hubs. London is becoming this hub but isnt’ there yet and Europe will be stronger for having London as a Tech City. More local initiatives are needed but it’s important to tie them into the strongest ecosystems such as in the US and also in London, Berlin, and Paris. Speed is one of the crucial factors in helping startups and we’re all for initiatives that increase the speed with which startups can grow. All the comments on here about funding are fair but this is about what the government can do and they’ve started in the right direction.

That is one of the funniest things I have heard all day. Are you SURE they mean McKinsey?

Apart from the conversation above, I would like to know the property ownership of the new development around the olympic village. Amidst a small percentage of local east end folk, I would guess that the remaining is largely owned by the Tory conglomerate !

Great discussion, agree with many points (too many to mention), and would bold underline the missing university link.
From an investors point of view there are big advantages in a high density of talent and vision. And of course I´m a big supporter of the east end, having chosen whitebearyard as our main base. Looking back to my investments out of the last 18 months: 22 investments, thereof 9 in London´s east end and 7 in Berlin Mitte, all others over various places. My involvements/engagement is actually so much more efficient and enjoyable (well, you should ask the founders whether this true) in the two main clusters. We should work on stronger links between London/Berlin and London/NYC. If we are able to combine forces with these places, have a deeper exchange of thoughts/talent and add understanding/serving Asia to our ecosystem we might end up of building anything deserving the attribute ‘Silicon’ in a combination other than ‘Valley’. Its a long way to Tiparillo, but hey, lets do it.

This is an interesting move but if the government thinks that it is going to be doing the creating of the cluster, it is wrong. The best a government can ever hope to do in this country is to reinforce existing activity and to create conditions that are benign to the startup ecosystem.

The companies that Cameron cites are not doing this because the government asks them to. They are doing this because there are really sound business reasons for doing so. Silicon Valley Bank wants to do more in the UK as it views the technology sector as being incredibly badly served in the UK and most of the companies I know would agree with them. Silicon Valley Bank then see working more closely with the technology sector in the UK as a significant opportunity for them to own a market where companies like Barclays treat startups like crap.

London is the natural home of the web startup community. Any other place in the UK that thinks it is so is smoking from a big old bong.

I live in Cambridge and there is a lot of activity here but it is absolutely not going to be able match the density of people, quality advisers, capital, customers etc that there is in London.

Cambridge can claim to be the second best place in the UK, for some software/web companies and is probably first for biotech and life sciences but the idea that there is anywhere else in the UK that can come close to London is delusional. I have heard debates in the past year about Edinburgh, Newcastle, Bristol, Oxford, Glasgow, Leeds, blah blah blah laying claim to being the next Silicon Glen, Silicon Fen, Silicon Hill, Silicon Whatever. They usually wheel out the example of one local company that did well as ‘proof’ that they are on the way. They are not and they just demonstrate a total lack of understanding about the uniqueness of Silicon Valley in terms of the amount of capital, expertise, HQs of large technology businesses in one small area and where everyone hangs out together.

By putting a bunch of European offices of those American technology companies together in East London we are not going to create Silicon anything, not should we.

There is however a huge value in what could happen by putting some of these companies together. The availability of cheap office space will attract start ups, the concentration of start ups will attract angel and venture investors (they are highly efficient – some would say lazy) people who don’t want to have to travel for 3 hours to the north of England in order to possibly bump into one start up that is interesting. What will happen is that more people will be attracted to where the money is (and the £200 million is a bit of a red herring), the REAL money will come from the other VCs who will be able to find potential investments more easily and more efficiently as a result of startups clustering together.

Concentrating expertise is a good thing. Proper capital (not government capital) will follow. Let’s not kid ourselves that this will be the next Silicon Valley – and that is OK too.

This was a point well made by David Soskin, Chairman of Cheapflights at an event in London last night about scaling digital businesses – transcript here: http://thebln.com/2010/11/david-soskin-on-how-to-scale-a-digital-business/ We need to get over this Silicon Valley obsession and just get on with doing good stuff.

re stockly park BT tried to move there it was a fracking disaster there is zero public transport.

Even BT’s ceo hated it a direct quote “global companies don’t have a head office in a fucking shed at heathrow”

I agree with Reshma and Stefan. Fostering hubs such as this in London can surely only be a good thing in terms of helping drive further such hubs across Europe. If the model can work here then it can work elsewhere (in UK or outside of it). Given the geographical dispersion of Europe along with the cultural diversity, we are never going to replicate Silicon Valley here in every sense but what we can build is a joined up ecosystem which tries to help entrepreneurs across regions and countries. As Mike and Stefan point out investors want to be close to their investments in order to provide the maximum support and value and there is no denying that there is a high density of start-ups in London. However there are funds outside of London (Eden, Notion for example) and initiatives such as SETSquared (who incubate tech start-ups from the unis of Bath, Bristol, Guildford and Surrey) – lets hope that some of the govt funding will be utilised to support the good work of such regional initiatives as well, and to support start-ups nationally.
I would agree that the administration and management of any such fund needs to be carefully looked at.
However I can’t see this as anything but a good thing – I am as sceptical as the next bleeding heart liberal about the motives of Cameron’s govt but putting technology, entrepreneurs and innovation on to the agenda is a huge positive. If we don’t like what is being proposed then lets make our voices heard and find ways to help with refining of such activities. It may be imperfect but it sure as hell is better than nothing.

@K +1

Mark,
Tell it like it is! The cultural differences between the UK and SV cannot be underestimated and the very different ecosystem that exists there, too.
And another thing, which you sort of alluded to, is that there is more to technology than consumer / mobile internet and online retailing. What about B2B software for example?
A Silcon Valley obsession is not healthy but on the other hand we should not moan about the relative lack of worldbeating UK tech success stories in the IT world when we are not prepared to invest enough to give them a chance. Others have commented on the paucity of angel and early stage VC funding in the UK relative to SV – frustrating as it is, entrepreneurs need to do their best to succeed despite this situation. And perhaps that will build a layer of financially successful ones from who are prepared to recycle some of their capital into the next generation. Of course there are some well known examples of are doing this but it is the same few names and the same narrow range of sectors that crop up time and again. People tend to invest in what they know and what they understand so we need to find ways to broaden the base of tech sectors that entrepreneurs succeed in and create an environment that encourages them to invest.
Meanwhile, the old fashioned approach of developing technology into product that solves real customer problems and which people will pay for is the way to go but it is tough and many fall by the wayside due to lack of personal resource to see them through, let alone lack of a marketable product.

Putting startup culture on the list of things mainstream UK press cares about is definitely one of the missing parts of our current tech scene equation.

We all like to see our names mentioned on tech-focused sites, but a url in a mainstream news article is far more useful for growth.

Customer development can take far longer than Product incubation, and the exposure required to scale a startup in terms of awareness doesn’t come easily, especially if you’re young, unknown and unconnected.

For every topic you can imagine there is probably a nacent company out there who have an interesting story to tell.

I’d be interested to know how many startups have been contacted for news content via something like Crunchbase?

That would be the same McKinsey that created Facebook, Twitter, Google search and advised Al Gore on how to build the Internet, right?

Right?

[...] London Dev Garage – TechCrunch reported this week that Facebook is set to open a permanent East London office for its Developer Garage [...]

[...] London Dev Garage – TechCrunch reported this week that Facebook is set to open a permanent East London office for its Developer Garage [...]

[...] 11/6/2010 Update UK government plans East London tech cluster, Startup Visa, review … [...]

[...] debate about the government’s latest announcements, intended to help stimulate the high tech startup sector, has been raging in our comments. Just to [...]

Every single city in the world tries to become Silicon Valley 2.

Wake up. A big share of the ideas that are implemented on markets doesn’t come from goverment technological investment on R+D but from critical thinking workers, having ideas.

[...] UK government plans East London tech cluster, Startup Visa, review … [...]

I think you’re right Nick. I have to say, on the upside, I think if this money is put to work smartly there is a chance to leverage these changes in lower capital needs and location decoupling to make London viable…

Hi Mike – sorry to be slow to respond to this. I might write a post on this tomorrow, but my first reactions are:
- it is great that East London show is growing fast as a startup hub in its own right
- government assistance can only help and should be welcomed
- major tech companies opening offices in the area will help – but outposts are not the same as headquarters
- the £200m could be very helpful if it is structured in the right way – the manager must be set up to make great investments not simply to invest the money quickly and in tiny amounts. Insistence on matching public investment with private funds would also be a good idea.

[...] UK government plans East London tech cluster, Startup Visa, review … [...]

[...] temos hoje e no futuro próximo. bote aí uns 20 anos e, quem sabe, vai dar para empreender no “east of london” sem sair do porto digital ou, ainda melhor, empreender no porto digital sem sair do east of [...]

[...] you live in the UK you probably saw the announcement from the Prime Minister last week that the government here wants to build a tech cluster in East [...]

[...] you live in the UK you probably saw the announcement from the Prime Minister last week that the government here wants to build a tech cluster in East [...]

[...] UK government plans East London tech cluster, Startup Visa, review … [...]

[...] Source: http://eu.techcrunch.com/2010/11/04/uk-government-plans-east-london-tech-cluster-startup-visa-review... [...]

Toshiba debuts 10-inch Android tablet Folio 100 – Oneindia…

We added a Trackback to this article on the Notebooks24 site …

[...] all this talk of Silicon Roundabout, and turning East London into a rival to Silicon Valley, it's difficult not to start thinking about what could be done here in Manchester and the North [...]

[...] responded immediately, first in a post on TechCrunch and then on Twitter.  On TechCrunch, Dave Nattriss, Secretary of the Facebook Developer Garage that is already in London, said: [...]

[...] 11, 2010 margowege Leave a comment Go to comments The debate about the government’s latest announcements, intended to help stimulate the high tech startup sector, has been raging in our comments. Just to [...]

Silicon Roundabout (yuk!) happened because office space was v.v. cheap for London. The area has been regenerated to serve the young and dynamic internet focused community and now office space is no longer cheap as the corporate followers move in to try to be hip. The lattter explains why the Govt has even heard of it.

In a major part this is about trying to find a justification for the overblown promises surrounding the Olympics – job generation, etc., and the real focus will be way beyond Shoreditch out into the boondocks where no sensible start up would go. There is an enormously expensive permanent media centre being built for the olympics that has no on-use, sorry, ‘legacy’.

The digital community has developed by itself and the only help it needs is trained staff (see the University comments above), cutting of ridiculous Govt red tape and and tax breaks to make R&D more attractive. Then just leave it to the entrepreneurs.

Please, Cameron, don’t think you or any bureaucrat can do this any better than the business founders. It will only waste huge amounts of money and create layers of ‘help and helpers’ that we don’t need. Labour has long gone, no more Quangos, thanks

+1 “Dude — who wants to live and work in Stockley Park?!!”

[...] was taking another look at the The Innovation Coefficient and the news that UK government plans to build the new Silicon Valley in East London and I thought I would explore the simple question: Which “western” city is in the best [...]

[...] UK government plans East London tech cluster, Startup Visa, review of IP law, £200 million in finan… (eu.techcrunch.com) [...]

[...] pomysłów, których modele biznesowe wykute zostaną na rynkach. Wielka Brytania wprowadza obecnie wizy ułatwiającego zatrudnianie w startup’ach. Wzorem krzemówki, Pan Premier UK, postanowił [...]

[...] alone for a minute can you? One minute they are heaping garlands on the tech industry with TechCity proposals and the like. The next minute they are proposing to dump Net Neutrality – the entire reason we had a [...]

[...] Atento está o governo britânico que para promover esta zona já lhe chama Tech City East London e investe alguns milhões na criação de facilidades para atrair novos [...]

[...] the British Prime Minister announced that the East of London would become an officially recognised technology cluster for the UK, there were two reactions in the tech community. One was a yawn – was this simply [...]

[...] Twitter’s first office outside of the US, will be headed up by Katie Jacobs Stanton, the company’s head of international strategy. Stanton was recently in London, where the UK government has been going all out to try to woo tech companies with its ‘East London Tech City’ policy. [...]

[...] UK government plans East London tech cluster, Startup Visa, review of IP law, £200 million in finan… (eu.techcrunch.com) [...]

[...] in November last year the UK’s Prime Minister said he was announcing a number of initiatives aimed at technology companies. Since then there have been a few periphery announcements from the [...]

[...] feed for updates on this topic.Back in November last year the UK’s Prime Minister said he was announcing a number of initiatives aimed at technology companies. Since then there have been a few periphery announcements from the [...]

[...] in November last year the UK’s Prime Minister said he was announcing a number of initiatives aimed at technology companies. Since then there have been a few periphery announcements from the [...]

[...] in November last year the UK’s Prime Minister said he was announcing a number of initiatives aimed at technology companies. Since then there have been a few periphery announcements from the [...]

[...] IP laws in the image of a startup: Back in November last year the UK’s Prime Minister said he was announcing a number of initiatives aimed at technology companies. Since then there have been a few periphery announcements from the [...]

[...] in November last year the UK’s Prime Minister said he was announcing a number of initiatives aimed at technology companies. Since then there have been a few periphery announcements from the [...]

[...] in November last year the UK’s Prime Minister said he was announcing a number of initiatives aimed at technology companies. Since then there have been a few periphery announcements from the [...]

[...] in November last year the UK’s Prime Minister said he was announcing a number of initiatives aimed at technology companies. Since then there have been a few periphery announcements from the [...]

Where is Bookmark

[...] come to be known as Silicon Roundabout and which has informed the UK government’s new “East London Tech City” initiative. This week will be the first in a series of guest posts on the use of technology [...]

[...] come to be known as Silicon Roundabout and which has informed the UK government’s new “East London Tech City” initiative. This week will be the first in a series of guest posts on the use of technology [...]

[...] come to be known as Silicon Roundabout and which has informed the UK government’s new “East London Tech City” initiative. This week will be the first in a series of guest posts on the use of technology [...]

[...] come to be known as Silicon Roundabout and which has informed the UK government’s new “East London Tech City” initiative. This week will be the first in a series of guest posts on the use of technology [...]

[...] has informed the UK government’s new “East London Tech City” initiative. This week will be the [...]

[...] come to be known as Silicon Roundabout and which has informed the UK government’s new “East London Tech City” initiative. This week will be the first in a series of guest posts on the use of technology [...]

[...] come to be known as Silicon Roundabout and which has informed the UK government’s new “East London Tech City” initiative. This week will be the first in a series of guest posts on the use of technology [...]

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[...] Strategy Board has unveiled a new £1m fund to support “digital businesses” in the Tech City area around Old Street and Shoreditch in east London (‘Silicon Roundabout’ to you and [...]

[...] come to be known as Silicon Roundabout and which has informed the UK government’s new “East London Tech City” initiative. This is the second in in a series of guest posts on the use of technology in [...]

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Bad Romance ~ Lady Gaga
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All the Right Moves ~ OneRepublic
In My Head ~ Jason Derulo
California Gurls ~ Katy Perry feat. Snoop Dogg
Alejandro ~ Lady Gaga
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Pushin’ Dope ~ Young Buck
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Sexy Chick ~ David Guetta
Imma Be – Black Eyed Peas
Vanilla Twilight ~ Owl City
I Made It ~ Kevin Rudolf feat. Birdman, Jay Sean & Lil Wayne
Break Your Heart ~ TaioCruz feat. Ludacris
Whataya Want From Me ~ Adam Lambert
Two Is Better Than One ~ Boys Like Girls
Neutron Star Collision ~ Muse
Tell ‘Em ~ Sleigh Bells
Touchin on My ~ 3OH!3
O.M.G. ~ Usher featuring Will.I.Am
Billionaire ~ Travie McCoy featuring Bruno Mars
Your Love is my Drug ~ Ke$ha
I Like the Way ~ Bodyrockers
All The Lovers ~ Kylie Minogue
Club Can’t Handle Me ~ Flo Rida
Evacuate The Dance Floor ~ Cascada
Neighbors Know My Name ~ Trey Songz
Trippin At The Disco ~ People Under The Stairs
Take it Off ~ Ke$ha
Money Kept Coming ~ Hussein Fatal Feat. Killa Black And Slim Da Monsta
Mixing up the Medicine ~ Juelz Santana
Hit the Highway ~ Big Six feat Yo Gotti
She Luv It (Remix) ~ UGK Feat. Slim Thug And Killa Kyleon
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[...] are trying, and I’ve seen the enthusiasm. While there are sceptics about the whole ‘East London Tech City‘ project, I do know that there is a big appetite to nurture this industry. Nothing happens [...]

[...] are trying, and I’ve seen the enthusiasm. While there are sceptics about the whole ‘East London Tech City‘ project, I do know that there is a big appetite to nurture this industry. Nothing happens [...]

[...] are trying, and I’ve seen the enthusiasm. While there are sceptics about the whole ‘East London Tech City‘ project, I do know that there is a big appetite to nurture this industry. Nothing happens [...]

[...] are trying, and I’ve seen the enthusiasm. While there are sceptics about the whole ‘East London Tech City‘ project, I do know that there is a big appetite to nurture this industry. Nothing happens [...]

[...] meanwhile now has the national UK government’s backing to create a “Tech City” across East London in the lead-up to the Olympics and beyond, with the help Google, Facebook, [...]

Your article  write very well.

Your article  write very well.

[...] are trying, and I’ve seen the enthusiasm. While there are sceptics about the whole ‘East London Tech City‘ project, I do know that there is a big appetite to nurture this industry. Nothing happens [...]

[...] Strategy Board unveiled a new £1m fund to support “digital businesses” in the Tech City area around Old Street and Shoreditch in east London, which has come to be known as ‘Silicon [...]

[...] come to be known as Silicon Roundabout and which has informed the UK government’s new “East London Tech City” initiative. This is the third in in a series of guest posts on the use of technology in [...]

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From the stirrings of an organic hub, the whole tech world now appears
to be poised to descend on East London. It never rains but it pours, it
would seem.

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WELLINGTON: New Zealand ended a three-month global search for a national cricket coach Saturday with the appointment of former local Test batsman Mark Greatbatch. The 46-year-old replaces Andy Moles who stepped down as Blackcaps coach last October amid player appeals for his dismissal. Captain Daniel Vettori who acted as coach in last month’s series against Pakistan and in preparation for the Bangladesh tour which starts next week will also retain a high-level role, New Zealand Cricket (NZC) said. “We have put a great deal of thought, and consulted widely, about how we progress the current Blackcaps unit, without upsetting the current leadership momentum within the team,” NZC chief executive Justin Vaughan said.Vaughan did not release the names of others under consideration for the coaching position but said they had “considered the credentials of a number of high-profile international options.” Greatbatch, who played 41 Tests for New Zealand, will also continue his role as a Blackcaps selector while Vettori will continue his involvement in team selection, tactics and strategy. 

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Question is Will the zone bring in enough money to justify the expense in tax breaks, subsidies, etc.?

Impressive list of companies joining the fold but doubt it will rival silicon valley

Typical Gov’t actions…. spend, spend, spend and expect to make up for it in the long run which often doesn’t workout.

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I hope East London prepares itself for these big events coming in the next few weeks. I imagine this is like nothing that they have ever experienced before. 

This reminds me of Silicon Valley in the U.S. several years ago.  Many companies like this that can work together will only bring great technology changes to the UK.

This will definitely have a positive effect on their whole economy.  Glad to see such growth.

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[...] Chief Spewer Leave a Comment Back in November last year the UK’s Prime Minister said he was announcing a number of initiatives aimed at technology companies. Since then there have been a few periphery announcements from the [...]