deep dive: london—a top hub for - home - coresight … · london—a top hub for ... , fung...

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DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2016TheFungGroup.Allrightsreserved.

Deep Dive: London—a Top

Hub for Startups

LondonisthetopEuropeanstartuphubandoneoftheworld’sbestplacesforstartupstogrow.Thecityprovidesyoungcompanieswith:

1) Marketreachandanenvironmentconducivetogrowth:Londonoffersstartupsaccesstoalargedomesticmarketaswellasinternationalmarkets,andtheabilitytogrowfasterthancompaniesbasedelsewhere.

2) Accesstocapital,astrongnondigitalinfrastructure,anentrepreneurialcultureandaskilledworkforce:Asafinancialhub,Londonoffersstartupsgreateropportunitytoraisefunds.Thecityalsohasastrongtransportationsystem,afavorablebusinessenvironment,ahistoryofstartupsuccessesandalargepoolofhighlyskilledworkers.

Deborah Weinswig

Managing Director,

Fung Global Retail & Technology

[email protected]

US: 646.839.7017

HK: 852.6119.1779

CN: 86.186.1420.3016

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TableofContentsExecutiveSummary........................................................................................................................................3

Introduction...................................................................................................................................................4

London:ALeadingStartupHub......................................................................................................................4

HowLondonCompareswithOtherStartupHubs...........................................................................................6

LondonRanksSixthinthe2015GlobalStartupEcosystemRanking..............................................................7

LondonLeadstheEuropeanDigitalCityIndex2016......................................................................................8

Retail-FocusedAcceleratorsinLondon.........................................................................................................10

JLAB..............................................................................................................................................................11

TrueStart.......................................................................................................................................................14

London-BasedAcceleratorsandIncubators..................................................................................................16

KeyTakeaways.............................................................................................................................................20

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ExecutiveSummaryInthisreport,weprovideanoverviewofthestartupecosysteminLondon,whichisthetopEuropeanstartuphubandoneoftheworld’sbestplacesforstartupstogrow.StartupsinLondonattractmoreinvestmentandgenerategreaterrevenuethanthoseinotherEuropeancities.Forexample,in2014,London-basedstartupsattracted€5.19billionmoreininvestmentandgeneratedalmostfivetimesmorerevenuethanBerlin-basedstartups,accordingtoStartupHubsEurope,aplatformthattracksandanalyzesinformationonstartupsacrossEurope.

ThestrongpresenceofanumberofindustriesinLondonmakesthecityafavorableenvironmentforstartups.StartupsinLondonhaveaccesstofunding,thankstothecity’slargefinancialsector;accesstonetworkingopportunities,thankstoavibrantcreativeindustry;andaccesstoexpertiseandahighlyskilledworkforce,thankstoLondon’sworld-classuniversities.Moreover,thecityhasabusiness-friendlyregulatoryenvironmentconducivetostartups’growth.

Inthisreport,weexaminehowLondoncompareswithotherstartupclustersinEuropeandacrosstheglobe.Weconsidertworankings,StartupCompass’s2015GlobalStartupEcosystemRankingandNesta’sEuropeanDigitalCityIndex2016.Londonrankssixthandfirst,respectively,inthesetwocompanies’rankings.Thecityexcelsonthefollowingindicators:

• Marketreachandperformance:AccordingtoStartupCompass,Londonoffersstartupsaccesstoalargedomesticmarketaswellasinternationalmarkets,andtheabilitytogrowfasterthancompaniesbasedelsewhere.

• Accesstocapital,nondigitalinfrastructure,entrepreneurialcultureandskills:AccordingtoNesta,Londonalsooffersaccesstocapital,astrongnondigitalinfrastructure(includingexcellentairportandtrainconnectivity),anentrepreneurialculture(afavorablebusinessenvironmentandatrackrecordofsuccessfulstartups)andahighlyskilledworkforce.

Source:Shutterstock

StartupsinLondonattractmoreinvestmentandgenerategreaterrevenuethanstartupsinotherEuropeancities.

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IntroductionLondonisaleadingstartuphubgloballyandthetopEuropeancityforstartupdevelopment.Youngcompaniesbenefitfromthecity’sstrongindustries,world-classeducationalinstitutionsandbusiness-friendlyregulatoryenvironment.

ThisreportprovidesanoverviewofLondonasastartupecosystem,andexamineshowthecitycompareswithotherstartupclustersinEuropeandacrosstheglobe.Weconsidertworankings,StartupCompass’s2015GlobalStartupEcosystemRankingandNesta’sEuropeanDigitalCityIndex2016.

Finally,thereportprofilestwoLondon-basedstartupacceleratorsthatfocusonretailandtechnology,aswellassomeofthestartupsthathavegraduatedfromtheirprograms,andprovidescomprehensivelistsofthemainstartupacceleratorsandincubatorsinLondon.

Source:Shutterstock

London:ALeadingStartupHubLondonisthetopEuropeanstartuphotspotandoneoftheworld’sbestplacesforstartupstogrow.ComparedwithBerlin,thesecond-largestEuropeanstartuphub,Londoncomesoutaheadonanumberofmetrics,includingstartups’abilitytoattractinvestmentandgeneraterevenue.In2014,London-basedstartupsattracted€5.19billionmoreininvestmentandgeneratedalmostfivetimesmorerevenuethanBerlin-basedstartups,accordingtotheEuropeanCommission’sStartupHubsEuropeproject—despiteLondonhavingnoteventwicethenumberofstartupsasBerlin.

LondonisaleadingstartuphubgloballyandthetopEuropeancityforstartupdevelopment.

In2014,London-basedstartupsattracted€5.19billionmoreininvestmentandgeneratedalmostfivetimesmorerevenuethanBerlin-basedstartups.

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Figure1.StartupEnvironmentinLondonvs.Berlin:KeyFigures,2014

Indicator London Berlin

TotalInvestment €8.32billion €3.13billion

EmployeeCount 1.49million 666,187

Revenue €207billion €45.5billion

NumberofCompanies 276,280 171,112

Source:StartupHubsEurope

Londonhasadistinctadvantagecomparedwithotherstartuphubs,thestrongpresenceofanumberofindustries,includingfinance,media,creative,marketing,governmentandtechnology.ThesestrongsectorsunleashsynergiesthatmakeLondonconducivetostartups,andthecity’sbusiness-friendlyregulatoryenvironmentalsobenefitsyoungcompanies.

Financialsector:ThepresenceofasubstantialfinancialsectorisamajorcompetitiveadvantageforLondon-basedstartups,asithasencouragedthegrowthoftheventurecapital(VC)industry(London’sVCsectoristhelargestinEurope),aswellasthegrowthofthefintechsectorandthecrowdfundingofstartups.

Creativeindustryandworld-classuniversities:TwootherfactorsthatmakeLondonatopstartuphubarethepresenceofavibrantcreativeindustryintheso-calledSiliconRoundaboutareaandthepresenceofanumberofworld-classuniversities,includingUniversityCollegeLondon,ImperialCollegeLondon,King’sCollegeLondonandtheLondonSchoolofEconomics.

Source:Shutterstock

Favorableregulatoryenvironment:London’sfavorableregulatoryenvironmenthasalsocontributedtoitssuccessasastartuphub.TheUKhasabusiness-orientedgovernmentthataimstocreateanenvironmentconducivetostartups.In2011,thegovernmentlaunchedastrategytoofferbusinessadviceandsupporttoentrepreneurslookingtostartand

London’sfavorableregulatoryenvironmenthasalsocontributedtoitssuccessasastartuphub.

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growtheirbusinesses.Since2012,thegovernmenthasmade£250million(€295million)instartuploansavailable.Moreover,in2014,theCoalitionforaDigitalEconomy—anonprofitorganizationoftechstartups—publishedTheStartupManifesto,whichmakesrecommendationsthatencouragethegovernment’sstartup-friendlypolicyinitiatives.

Business-friendlyenvironment:Generallyspeaking,however,itisthebusiness-friendlyenvironmentoftheUKthatencouragesthedevelopmentofstartups.ThetablebelowrankstheeconomiesintheOrganisationforEconomicCo-operationandDevelopment(OECD)inwhichitiseasiertosetupabusiness,accordingtotheWorldBank.ThisindicatorshowsthattheUKfaresbetterthanmanyothermarketswithstrongstartupecosystems,includingIsrael,theUSandGermany.

Figure2.SelectedOECDEconomies:EaseofStartingaBusiness

Economy StartingaBusiness

NewZealand 1

Canada 2

Australia 3

Ireland 4

SouthKorea 5

Estonia 6

Sweden 7

UK 8

Israel 17

US 19

Germany 32

Source:WorldBank

ThemaindrawbackoftheLondonstartupecosystemisthehighcostofoperatinginthecity,ashousing,officerentalandsalariesforhighlyskilledpositionstendtobehigherinLondonthaninmanyothercities.

DespitetheuncertaintycreatedbytheBrexitreferendum,London’sattractivenessasatechhubhasbeenrecentlyreinforcedbypostreferendumannouncementsfromFacebook,Google,Amazon,IBMandApple,allofwhichhavesaidthattheyplantoexpandtheirofficepresenceinLondonoverthenextfewyears.

HowLondonCompareswithOtherStartupHubsInordertobetterunderstandwhatcharacteristicsmakeLondonatopstartupecosystem,weconsideredtwoindexes,oneglobalandoneregional,thatrankstartuphubsaccordingtospecificindicators:the2015GlobalStartupEcosystemRankingandtheEuropeanDigitalCityIndex2016.

ThemaindrawbackoftheLondonstartupecosystemisthehighcostofoperatinginthecity.

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Source:Shutterstock

LondonRanksSixthinthe2015GlobalStartupEcosystemRanking

Londonisthesixth-bestecosystemforstartupsglobally,accordingtothe2015GlobalStartupEcosystemRankingcompiledbyStartupCompass,aSanFrancisco–basedcompanythatprovidessolutionsforautomatedmanagementreportsandbenchmarksforsmallandmedium-sizedonlinemerchants.Theindexranksstartuphubsonfivecomponents:

1) Performanceofthefundinginvestedinthestartups2) VCfundingandthetimeittakestoraisecapital3) Talentavailability4) Marketreach5) Startupexperience,suchasmentorshipbyveteranstartup

founders

Thecomponentsarebasedoninsightscollatedfromdifferentsources,includingsurveysandinterviewswithstartupsandentrepreneurs.TheindexdoesnotcoverChina,SouthKoreaorJapan.Intermsofspecificindicators,Londonperformsparticularlywellonmarketreachandperformance.

Marketreach:StartupsinLondonhavegoodaccesstoforeigncustomersandtoalargedomesticmarket.Inthe2015GlobalStartupEcosystemRanking,Londonranksfourthgloballyinbothlocalandglobalmarketreach.ToptargetmarketsforstartupsinLondonaretheUK,theUSandChina.

Performance:StartupsinLondonalsoenjoyfastergrowthcomparedwithstartupsinotherecosystems,andLondonrankshighestonStartupCompass’sGrowthIndexamongtheworld’stopsixstartuphubs.

Londonisthesixth-beststartupecosystemglobally,accordingtothe2015GlobalStartupEcosystemRanking.

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Figure3.2015GlobalStartupEcosystemRanking:LondonRankingforEachIndicator

Indicator Ranking

MarketReach 3/20

Performance 5/20

Talent 7/20

Funding 10/20

StartupExperience 13/20

Rankingisoutof20,with1/20thebestresultand20/20theworstresult.Source:StartupCompass

Figure4.2015GlobalStartupEcosystemRanking:GrowthIndex,TopSixStartupHubs

TheGrowthIndexiscalculatedbasedonannualgrowthinthenumberofstartups,growthinVCinvestmentandthetwo-yearmovingaveragegrowthoftheannualsumofexitvaluation;theaveragescoresacrosstheseindicatorsarethenconvertedintoa10-pointindex.Source:StartupCompass

LondonLeadstheEuropeanDigitalCityIndex2016

TheEuropeanDigitalCityIndex2016,compiledbynonprofitorganizationNesta,ranks60Europeancitiesbasedonhowwelltheysupportdigitalentrepreneurs.Therankingsarebasedonindicatorssuchasavailabilityoffinancingandskilledworkers,andqualityofsupportinginfrastructureandnetworks.In2016,Londonrankedatthetop.

Accesstofunding,abuzzingentrepreneurialcultureandaskilledworkforcearesomeofthefactorsthatmakeLondonthebestEuropeancityforstartups.Thecityperformsparticularlywellintermsofaccesstocapital,entrepreneurialculture,workforceskillsandnondigitalinfrastructure.

3.3

2.92.7

2.11.8 1.8

London TelAviv Boston SiliconValley NewYorkCity

LosAngeles

LondonisthetopEuropeancityfordigitalentrepreneurship,accordingtotheEuropeanDigitalCityIndex2016.

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Accesstocapital:Londonisthehighest-rankingcityinEuropeintermsofavailabilityoflate-stagefunding,crowdfundingandangelfunding.

Entrepreneurialculture:Thecityhasbeenhometoanumberofhighlysuccessfuldigitalcompanies,andthebusinessenvironmentischaracterizedbyacultureoftrustandawillingnesstotakebusinessrisks.

Skills:StartupsinLondonthatarelookingtohirehaveaccesstoasignificantpoolofuniversitygraduateswithstrongskills.English-languageliteracyishighamongtheworkforceandmanypeopleintheareaworkintheinformationandcommunicationtechnologysector.

Nondigitalinfrastructure:London’sexcellentairportandtrainconnectivitycontributestoitshighscoreonthisindicator.

Figure5.EuropeanDigitalCityIndex2016:LondonRankingforEachIndicator

Indicator Ranking

AccesstoCapital 1/60

EntrepreneurialCulture 1/60

Skills 2/60

NondigitalInfrastructure 4/60

Market 5/60

Mentoring 5/60

KnowledgeSpillovers 5/60

DigitalInfrastructure 42/60

BusinessEnvironment 45/60

Lifestyle 54/60

Rankingisoutof60,with1/60thebestresultand60/60theworstresult.Source:Nesta

StartupsinLondonthatarelookingtohirehaveaccesstoasignificantpoolofuniversitygraduateswithstrongskills.

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Figure6.NotableLondonStartups,byCapitalRaised(EURMil.)

Source:EuropeanDigitalForum/Nesta

Retail-FocusedAcceleratorsinLondonFungGlobalRetail&TechnologycollaborateswithretailandtechnologyacceleratorsinLondon,includingJLABandTrueStart,inordertomonitortheinnovativesolutionsdevelopedbyparticipantsintheirstartupprograms.Below,weprofilethesetworetail-focusedacceleratorsandsomeoftherecentgraduatesoftheirprograms.

Source:Shutterstock

68.1

108.5

133.8

135.8

165.5

284.1

442.8

Made.com

TransferWise

Shazam

Wonga

Borro

Farfetch

Deliveroo

FungGlobalRetail&TechnologycollaborateswithretailandtechnologyacceleratorsinLondoninordertomonitortheinnovativesolutionsdevelopedbyparticipantsintheirstartupprograms.

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JLAB

JLABisaretail-focusedacceleratorfoundedin2014byBritishretailerJohnLewis.TheJLABprogramisdesignedtofast-trackthegrowthofstartupcompaniesintheretailspace.

Figure7.JLAB

Source:JLAB.co.uk

Eachyear,JLABacceptsfivestartupstoparticipateina12-weekprogram.Thestartupsreceivesupportintheformof:

• ProductvalidationfromJohnLewis’sexpertsandfromconsumers

• MentorshipfromJohnLewis’sseniorleaders

• InvestmentfromtheJLABMicro-Fund

• Accesstoanetworkofexternalmentorswithretailexpertise

• FreeofficespaceinJohnLewis’sLondonheadquarters

• Afirst-classeducationprogrambasedontheDisciplinedEntrepreneurshipmethodfromtheMassachusettsInstituteofTechnology(MIT)

EachJLABstartupiseligibleforaninvestmentofupto£100,000(€117,077)fromamicro-fundattachedtotheprograminexchangeforequityinthecompany.ThestartupsthatparticipatedintheJLAB2016programincludedDigitalBridge,DingLabs,LinkBig,RoboticalandWeddingPlanner,whichwedetailbelow.

JLABisaretail-focusedacceleratorfoundedin2014byBritishretailerJohnLewis.

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DigitalBridge:DigitalBridgeoffersaplatformthatallowsausertotakeaphotoofaroomwiththeirphoneortabletthatcanthenbeusedtovisualizehowtheroommightberedecorated.Thesolutionautomaticallyrecognizeswalls,floors,ceilings,objectsandlightingconditionsintheroom,allowingtheusertoseehowitmightlookwithdifferentwallpaper,carpet,paint,artwork,furnitureandfixtures.

Figure8.DigitalBridge

Source:DigitalBridge.eu

DingLabs:DingLabsoffersasmartdoorbellthatenablesahomeownertotalkwiththepersonatthedoorfromwhereverthehomeownerisintheworld.Thedoorbellismadeupoftwoparts,asubtledoorbellbuttonthatsitsnearthedoorandadoorbellchimethatsitsinthehome.Thechimealertsthehomeownerbothathomeandbyphone,allowinghimorhertotalkwiththepersonatthefrontdoorfromaremotelocation.

Figure9.DingLabs

Source:DingProducts.com

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LinkBig:LinkBigenablescompaniesonInstagramtosellproductsdirectlyfromtheirInstagramprofile.LinkBig’ssmartlinkleadsthecompany’sfollowersonInstagramtothetransactionalwebsitethatsellsthespecificproducttheyareadvertisinginaparticularpost,therebydrivingtrafficandsales.

Figure10.LinkBig

Source:Link-Big.com

Robotical:RoboticalisthemanufacturerofMarty,afullyprogrammable,wifi-enabled,walkingrobotthatfeaturesexpressiveeyeswithmovingeyebrows.

Martyisdesignedtobeanengagingwaytolearnaboutallaspectsofrobotics,includingprogramming,mechanicalengineering,electronicsandsensors.Therobotpartscanbe3D-printed,anduserswillbeencouragedtomodifythedesignsandsharewhattheymakewitheachotherthroughtheRoboticalAppStore.

Figure11.Robotical

Source:Robotical

LinkBigenablescompaniesonInstagramtosellproductsdirectlyfromtheirprofile.

RoboticalisthemanufacturerofMarty,afullyprogrammable,wifi-enabled,walkingrobotthatfeaturesexpressiveeyeswithmovingeyebrows.

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WeddingPlanner:WeddingPlannerisanonlinewedding-planningplatformthathelpscouplesorganizetheirweddingbyprovidingfreeplanningtoolsalongsideintegratedsupplierrecommendationsandinspirationalideas.Throughtheportal,userscanviewsuppliers’pricesandavailability,alongwithreviewsandsmartrecommendations.

Figure12.WeddingPlanner

Source:WeddingPlanner.co.uk

TrueStart

TrueStartisanacceleratorthatfocusesonstartupsthatcreateretail,e-commerceandin-storetechnologies.TheacceleratorisasubsidiaryofTrueCapital,aprivateequityandVCfirmspecializinginseed-stagestartups.

Figure13.TrueStart

Source:TrueStart.co.uk

ParticipatingstartupsinTrueStart’sprogramreceivesupportintheformof:

• Seedfunding

• Accesstotheteam’sglobalretailandconsumernetworks

• Mentorship

• Legalandaccountingservices

• Officespace

TrueStartisanacceleratorthatfocusesonstartupsthatcreateretail,e-commerceandin-storetechnologies.

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TheTrueStartprogramrunstwiceayear,andinvestmentsrangefrom£0to£50,000(€58,538).Inexchangefora£25,000(€29,269)investment,TrueStartasksfora4.5%equitystakeinastartup.Inexchangefora£50,000investment,itasksfora9%stake.Theacceleratoralsorunsayear-roundseedprogramthroughwhichitinvestsupto£750,000(€878,076)invariouscompanies.ExamplesofstartupscurrentlyparticipatingintheTrueStartprogramincludeBlockverifyandQuikkly.

Blockverify:Blockverifyusesblockchaintechnologytotrackproductsthroughoutthesupplychain.Thetechnologyassignsauniquecodetoaproduct,whichcanbetrackedonaregisterandmonitoredatallstages,fromproductiontotheendconsumer.Thisenablestheidentificationofdivertedproducts,stolenmerchandise,fraudulenttransactionsandcounterfeitgoods.Blockverifyisusedtomanagethesupplychainofhigh-valueitems,includingpharmaceuticals,luxurygoods,diamondsandelectronics.

Figure14.Blockverify

Source:Blockverify.io

Blockverifyusesblockchaintechnologytotrackproductsthroughoutthesupplychain.

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Quikkly:Quikklymakesasmartphone-scannablebarcodecalledQuikklyTagthatenablesshopperstolanddirectlyonthetransactionalwebpageforthespecificproductassociatedwiththebarcode.QuikklyTagcanbedisplayedin-storeincloseproximitytoanitemoronabillboardad.

Figure15.Quikkly

Source:QuikklyTags.com

OtherstartupsparticipatingintheTrueStartprogramincludeInduo,whichweprofiledinourreportProfilingInduo,OfferingWater-RepellentCotton.

Figure16:Induo

Source:Induo

London-BasedAcceleratorsandIncubatorsJLABandTrueStartaretwoexamplesofretail-focusedacceleratorsbasedinLondon.Below,weprovidealistofotherLondonacceleratorsandthenalistofLondonincubators.Acceleratorsandincubatorsofferdifferenttypesofsupporttostartups,whichwedescribeinmoredepthinourreportAccelerators&IncubatorsinLondon.

OtherstartupsparticipatingintheTrueStartprogramincludeInduo.

Acceleratorsandincubatorsofferdifferenttypesofsupporttostartups.

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Figure17.LondonAccelerators

Name URL BriefDescription

Accelerator http://accelerator-london.com/ LondonMetropolitanUniversity’saccelerator,focusedoninformationandcommunicationtechnologyanddigitalmedia

AllianzX https://www.allianzx.com/ Buildsinsurancetechnologycompaniesandhelpsthemgrow

AngelsCube http://angelscube.com/ Investment-ledacceleratorhelpingfoundersbuildsuccessfulbusinesses

BarclaysAccelerator http://www.barclaysaccelerator.com Fintech-focusedaccelerator

BBCWorldwideLabs http://www.bbcwlabs.com/ TheBBC’sworldwidedigitalmediastartupaccelerator

BethnalGreenVentures https://bethnalgreenventures.com/ Anacceleratorprogramthatinvestsinandsupportsnewideastohelpbuildsolutionstosocialandenvironmentalproblems

CapitalOneGrowthLabs http://www.capitalonegrowthlabs.co.uk/

HelpsfintechstartupsgetaccesstoCapitalOne’sexpertiseandcapabilitiestodevelopandtesttheirinnovations

Climate-KICAccelerator http://www.climate-kic.org/for-entrepreneurs/accelerator/

TheonlyEUaccelerationprogramfocusedonclimateimpactbycleantechcommercialization

Collider http://collider.io Dedicatedtomarketingandadvertisingstartups

CyLon https://cylonlab.com/ Europe’sfirstcybersecurityaccelerator

EdtechUK http://www.edtechuk.com/ AcceleratorfocusedontheUK’sedtechsector

EmergeEducation http://emerge.education/ Edtech-focusedacceleratorforstartupsaimingtoimproveeducationaloutcomesworldwide

EntrepreneurFirst https://www.joinef.com/ Supportsengineersandcomputerscientistswhoarebuildingworld-classtechcompaniesfromscratch

FintechInnovationLab:London

http://www.fintechinnovationlablondon.co.uk

Launchedin2012,thefirstfintechacceleratorinLondon;focusedonbankingandinsurancetechnologycompanies

InnovationLab2016 http://bmwinnovationlab.co.uk/ BMWGroupFinancialServices’startupaccelerator

InnovationWarehouse http://www.innovationwarehouse.org/accelerator/

Communityforentrepreneursinvolvedinhigh-growthandhigh-impactstartupbusinesses

InnovifyVentures http://innovify.com/ventures/ Aprogramfortechstartupstosecureseedandangelfunding

LMarks http://www.lmarks.com/ Helpsbigbusinessesjointhestartuprevolutionandtapintothedisruptionhappeningintheirindustry

Level39 http://www.tech.london/incubators/level39

Europe’slargestacceleratorforfinanceandretailtechnologystartups

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Source:Tech.London


MassChallengeUK http://masschallenge.org/programs/uk

Connectshigh-impact,early-stagestartupswithmentors,partnersandinvestors,whileprovidingfreesupportduringathree-monthacceleratorperiod

OxygenAccelerator http://www.oxygenaccelerator.com/ OneofEurope’smostwell-establishedtechaccelerators

RedBullAmplifier http://www.redbullamplifier.com Anovelacceleratorprogramformusicstartups

RiseLondon https://thinkrise.com/ WorksinpartnershipwithBarclaystoofferstartupsanexclusiveplacetodevelop,collaborate,scaleandinnovatetogether

Seedcamp http://seedcamp.com/ Europe’sleadingpre-seedandseed-stageaccelerationfund

StartupBootcampFinTechLondon

https://www.startupbootcamp.org/accelerator/fintech-london/

Anacceleratorfocusedonfinancialinnovation

TechstarsLondon http://www.techstars.com/programs/london-program/#1

TheTechstarsglobalecosystemempowersentrepreneurstobringnewtechnologiestomarket

TheAcceleratorfromtheYoungFoundation

http://www.growingsocialventures.org/

Enablessocialventurestoscaleuptheirimpactinasustainablemanner

TheBakery http://www.thebakery.com/#!/ Wherebrandsmeettechstartupstogetinnovativetechnologytomarketmorequickly

TheSandpit http://www.thesandpit.com/ Abusinessbuilderforstartupsfocusedonmarketingtechnology

Wayra https://wayra.co.uk/ Telefónica’sstartupaccelerator;helpsthebestentrepreneursgrowandbuildsuccessfulbusinesses

WellsFargoStartupAccelerator

https://accelerator.wellsfargo.com/ Ahands-onprogramdesignedtoadvancestartupsthatcreatesolutionsforenterprisecustomersinsideandoutsidethefinancialindustry

WintonLabs http://www.wintonlabs.com/ Acceleratorprogramfordata-sciencestartups

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Figure18.LondonIncubators

Source:Tech.London


BreedReply http://www.reply.com/en/breed-reply/ AdvancedincubatorforstartupsfocusedontheInternetofThings(IoT)insectorssuchasfitnessandwellness,healthcare,smarthomes,manufacturing,transportation,andenergy

Cogniance http://cogniance.com/ Product-developmentpartnertoventure-backedstartups,corporateinnovationlabsandVCfirms

EcoMachinesVentures http://ecomachinesventures.com/ Incubatorfocusedonenergyandindustrialhigh-techcompanies

Healthbox http://www.healthbox.com/ Anincubatorfocussedonhealthcareinnovation.

ImpactHub http://kingscross.impacthub.net/ Aninnovationlab,businessiIncubatorandsocialenterprisecommunitycenter.

Launch22 http://www.launch22.co.uk/london-home

Launch22Pprovideson-demandmentoring,low-costworkspaceandaccesstofinancetoearly-stageentrepreneurs.

LondonBioScienceInnovationCentre

http://www.lbic.com/ LondonBioScienceInnovationCentreisAahubprovidinglaboratoryandofficefacilitiesforbiotechstartupsbasedinCentralLondon.

LondonCityIncubator http://www.city.ac.uk/business-services/research-and-consultancy

Helpsearly-stage,high-growthstartupbusinessesprepareforinvestment.

MeWwe360ºIncubator http://www.mewe360.com/incubator-2/

Abusinessincubatorandventurefundforentrepreneursinthecreativeindustries.

Project42 http://p42.vc/ London-basedhardwareincubator.

RedBullAmplifier http://www.redbullamplifier.com/ Anovelacceleratorprogrammeprogramformusicstartups.

SussexInnovationCentreroydon

http://www.sinc.co.uk/sussex-innovation-croydon

UniversityofSussexincubatorfocussedonsupportingdigital,techandcreativestartupsinCroydon.

TheImperialIncubator http://www.imperialinnovations.co.uk/technology-transfer/incubator/

ImperialCollegeLondon’sstartupincubator.

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KeyTakeawaysLondonisaleadingstartuphubgloballyandthetopEuropeancenterforstartupdevelopment.ThecityrankssixthinStartupCompass’s2015GlobalStartupEcosystemRankingandfirstinNesta’sEuropeanDigitalCityIndex2016.

StartupsinLondonattractmoreinvestmentandgenerategreaterrevenuethanstartupsbasedinotherEuropeancitiesdo.ThemainfactorsthatmakeLondonaleadingstartuphubinclude:

• Thestrongpresenceofanumberofindustries:Inparticular,thecity’slargefinancialandcreativesectorshelpstartupsaccessfundingandnetworkingopportunities.

• Thepresenceofworld-classuniversitiesandafavorableregulatoryenvironment:StartupsinLondonbenefitfromtheskillsandknow-howprovidedbytopuniversitiesandtheirgraduates,aswellasfromLondon’s(andtheUK’s)business-friendlyregulations.

• Accesstomarketsandfactorsthatencourageperformance:Londonstartupshavebetteraccesstoalargedomesticmarketandtointernationalmarketsthanstartupsinmanyothercitiesdo,andhowtheyshowfastergrowthcomparedwithcompaniesbasedelsewhere.

• Excellentnondigitalinfrastructureandanentrepreneurialculture:Londonhasexcellentairportandtrainconnectivity,andastrongtrackrecordofsuccessfulstartups,asidentifiedbytheEuropeanDigitalCityIndex2016.TheindexalsoidentifiesaccesstocapitalandskillsastwofavorablefactorsthatmakeLondonaleadingstartuphub.

Source:Shutterstock

LondonisaleadingstartuphubgloballyandthetopEuropeancenterforstartupdevelopment.

Londonhasexcellentairportandtrainconnectivity,andastrongtrackrecordofsuccessfulstartup.

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DeborahWeinswig,CPAManagingDirectorFungGlobalRetail&TechnologyNewYork:917.655.6790HongKong:852.6119.1779China:86.186.1420.3016deborahweinswig@fung1937.comJohnMercerSeniorAnalyst

FilippoBattainiResearchAssociate

HongKong:8thFloor,LiFungTower888CheungShaWanRoad,KowloonHongKongTel:85223004406London:242-246MaryleboneRoadLondon,NW16JQUnitedKingdomTel:44(0)2076168988NewYork:1359Broadway,9thFloorNewYork,NY10018Tel:6468397017

FungGlobalRetailTech.com

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