london tech city presentation january 2012
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LONDON: WORLD CAPITAL
OF BUSINESS PRU ASHBY, SENIOR BUSINESS DEVELOPMENT MANAGER
LONDON & PARTNERS
London & Partners is the official promotional organisation
for London
Attracting and delivering value to businesses, students
and visitors.
Focuses on maximising opportunities for the capital as a
place for businesses, visitors and students and to ensure
London is recognised globally as the best big city on
earth.
HERE TO HELP YOU ACCESS LONDON AND ALL ITS
OPPORTUNITIES
LONDON & PARTNERS
FIND THE PROPERTY
& LOCATION BUSINESS
CASE YOUR
LONDON EXPAND YOUR
NETWORK
FIND THE PROPERTY
& LOCATION
FIND THE RIGHT PEOPLE
THE EXPERTS ON DOING BUSINESS IN LONDON
HOW WE CAN HELP YOU SET UP
BUSINESS
- Sector Intelligence
- Legal Requirements
- Corporate/Tax Structure
- Cost-effective Set-up
- Specialist Recruitment
- Funding & Training
- Salary Benchmarking
- Employment Practice
- Office Specialists
- Market, Clients &
Transport
- Labour Pool
- Demographic Mapping
- Professional Service
-- Events
-- Government Contacts
-- Policy-makers
- Culture & Social Life
- Visas & Work Permits
- Schools & Colleges
WHY LONDON
London is heralded as the
number one city for
establishing a
successful business
operation by Cushman &
Wakefield’s European
Cities Monitor 2011.
Source: Cushman & Wakefield, European Cities Monitor 2011
LONDON NUMBER ONE FOR
BUSINESS
London is ranked number one for the highest number of top 500
global companies with headquarters located in the city.
0 5
10 15 20 25 30 35 40
Number of FT Global 500 companies Total number of top 500 global companies ranked by
market value headquartered in the location
Source: FT.com from the Financial Times Ltd
LONDON NUMBER ONE FOR
BUSINESS
LONDON IS OPEN FOR
BUSINESS London is one of the most cost-effective cities in Europe to establish a business
0
5
10
15
20
Milan Madrid Amsterdam Dusseldorf Frankfurt Brussels Geneva Paris London Dublin
Cost of establishing a business
Lower set up cost compared
to other European cities
Source: World Bank Doing Business Guide 2010,
fDi Intelligence, from the Financial Times Ltd.
LONDON’S CENTRAL
LOCATION…
CONNECTIVITY
LONDON’S DIVERSE TALENT POOL
WHY LONDON FOR TECH
COMPANIES CLUSTER:
London’s IT sector is the largest in Europe
40% of IT companies in the UK have chosen London as their
base
London is home to major Mobile telecommunications
companies – Orange and Nokia
22,000 IT businesses in London, three times its nearest
European rival, including a significant new technology cluster
in east London.
700% growth in technology companies starting up in east
London in the last three years
EXPERTISE:
Access to a pool of 540,000 experienced IT professionals and
technology graduates.
London’s universities focus on IT R&D with world class IT
related university research being carried out at:
• Imperial College, University College London(UCL), City University,
Queen Mary University of London (QMUL) and Royal Holloway.
London Metropolitan University
Birkberk College
Imperial College London
London Southbank University
Kings College London
London School of Economics
University College London
LONDON UNIVERSITIES OFFERING
IT BASED COURSES
TECH CITY: LONDON’S
GROWING TECH CLUSTER
“Our ambition is to bring together the creativity and
energy of Shoreditch and the incredible possibilities of the
Olympic park to help make east London one of the world’s great
technology centres.” DAVID CAMERON UK PRIME MINISTER
TECH CITY: LONDON
Tech City is the fastest growing tech
cluster in Europe – now over 600
companies. www.techcitymap.com
It stretches from Shoreditch and Old
Street – on the fringe of The City of
London, to the Olympic Park in Stratford,
East London.
Grew organically without government
intervention
Tech City Investment Organisation
set up to promote the area:
www.techcityuk.com
INITIATIVES Networks
Universities
Recruitment
Mentoring and investment programme
Race for Apps and Digital Shoreditch
TECH CITY CONNECTIVITY
Area Travel Time
London City Airport 27 minutes from Liverpool Street
Station
Heathrow Airport 39 minutes from Moorgate Station
Stansted Airport 45 minutes from Liverpool Street
Station
Gatwick Airport 42 Minutes from Moorgate Station
St Pancras Station
(for Eurostar)
9 minutes from Old Street Station
Central London
(Oxford Circus)
10 minutes from Liverpool Street
Source: Transport for London
• The core Tech City area centred around the Old St
roundabout is well served by public transport links,
with connections to underground, overground and
national rail services all within easy reach via Old
Street, Shoreditch High Street, Liverpool Street and
Moorgate stations.
• The table below provides a summary of travel times
from these locations to some of London’s key
transport connection hubs for access to Europe and
the rest of the world.
Travel times from Tech City to key transport hubs
ECOSYSTEM All in 1 city
85 out of 100 top interactive agencies are located in London
Two thirds of international ad agencies have their European HQ in
London
Second in terms of ad revenues to New York
VC capital of Europe
Major film and music industry - the O2 contributes over £400m to London’s
economy every year
Large consumer base – 8 million London, 60 million UK, 500 million Europe
INVESTMENT Angels in the City
• The UK has the best tax breaks for angel investors in the world
City Meets Tech www.citymeetstech.com
Attracting VCs
• Index announced new late stage fund on 9th Nov
Reinvention of seed funding
• Initiative by Anil Hansjee, ex head of corporate
development Google EMEA
Encouraging recycling of wealth
London Government Support
Enternships.com – work placements in startups for
ambitious graduates
Computer Club for Girls
Involvement in shaping IT degree provision with
London universities
Junior Techmeetups
Apps for Good and Facebook
Open data e.g. bus checker app
INCUBATORS Startups need low cost office space – indeed that’s why they originally moved into places like Shoreditch. TechHub, The Trampery, Accelerator, Hoxton Mix and Innovation Warehouse all offer low cost desks (between £200-300 per month), plus support, events, access to finance and the networking community. Companies like moo.com also offer desk rentals to startups.
BUSINESS SUPPORT
R&D tax credits increase from 200-225%
Entrepreneurs visa
Patent Box
Improved Controlled Foreign Company rules
Corporation tax reduction – lower than
Germany and US
Entrepreneurs relief from Capital Gains Tax doubled
Enterprise Investment scheme tax break increased from 20%
to 30%
More sensible cost effective legal structure than other
European countries around:
• Data protection, IP, Company registration
WHY INVEST IN TECH CITY
THE PLACE: At the heart of London, the leading international business hub
and the number-one European location for IT.
THE BACKING: Commitment from government; backing from industry,
banking and academia.
THE CASH: Access to London’s world-leading financial services sector and
Europe’s largest VC community.
THE SPEED: Cutting-edge ICT, digital and creative facilities, including
those available at the Olympic Park post 2012; priority area for superfast
broadband.
THE TALENT: Access to an established and growing community of tech-
focused companies and people.
THE CONNECTIONS: World-class international transport links, with
Eurostar rail terminal and major airports close by; proximity to leading
technology universities.
THE BUZZ: Vibrant multi-cultural commercial and social scene, creating a
buzz to generate new ideas and innovation and attract the best talent.
“East London has an incredible buzz and a real concentration of talent. It’s a great place to be to help your tech company grow
and thrive.” ELIZABETH VARLEY CO-FOUNDER & CEO,
TECHHUB
TECH CITY BUZZ “I’ve been in London for six years and the tech scene has never been as vibrant as it is
now. As a VC who has to pick what to invest in, it’s getting harder and harder because
there are so many great companies to choose from…and that’s a really good sign.”
Sitar Teli, a Senior Associate
Doughty Hanson Technology Ventures
“There’s a buzz in London at the moment, and that energy and optimism is only going to
grow over the coming months as we build up to the Olympics in 2012. One of
the UK’s strongest industries is its creative sector – and it’s the coming together
of content creators with people from a more tech based background that’s one of the
most exciting movements going on in London right now.”
Oli Madgett, co-founder of We R Interactive
Jimmy Wales, co-founder of Wikipedia, is excited by the exploding start-up scene
focused on Old Street's Silicon Roundabout, where he has seen "a lot of energy and a
lot of people doing interesting things". London's "geographical proximity" and vast
cultural offerings beat the "sprawling and empty" Silicon Valley.
Source: thenextweb.com June 2011
Tech City
Canary Wharf
London City
Airport
Siemens
Pavilion
The City
The 02
Olympic
Park
“THE CRYSTAL”
The £30 million Siemens Centre for Urban Sustainability -- also
known as the Crystal
• Centre for thought leadership, a knowledge hub and showcasing for
energy efficiency, transport and the city in 2050.
• In the East London Enterprise Zone
• Siemens global centre for infrastructure and cities
THE 2012 GAMES AND ITS LEGACY
SOUTH PARK
NORTH PARK
N
S
LEGACY OF THE 2012 GAMES
World-class sporting legacy – Olympic Stadium, Aquatics centre, Velodrome, Multi-use arena
5 New neighbourhoods with housing, education and healthcare facilities – Athletes Village & additional development plots
Visitor destination with events and cultural activities – The Orbit, waterways, landscaped parkland
New business hub bringing investment & jobs – Press & Broadcast Centres, The International Quarter
The Media Press & Broadcast
Centre – 3 options shortlisted
iCITY
An ‘Innovation City’ anchored by Infinity with the Broadcast Centre accommodating a cloud computing centre, research labs, post production, graphic designers and digital education. The Press Centre would become an innovation and research centre with links to higher education that would showcase British technology.
Oxylane Group
A sports-orientated mixed-use offer in partnership with Loughborough University. The Broadcast Centre would become ‘Oxylane Village’ offering leisure, events space, research and education and retail including a major Decathlon store. The Press Centre would be used as office space and a technology centre.
UK Fashion Hub
A dedicated centre that will unite the fashion and textile manufacturing sectors, creating a world-class destination for wholesalers, buyers and the creative industries. Headed by Resolution and anchored by Brandboxx and Workspace Group, the bid involves the Broadcast Centre becoming a fashion centre with offices, an incubator, manufacturing and for creative uses. The Press Centre would become a fashion college, a fashion e-tailing centre and a media centre.
Key events
Social Media Week 6-10th Feb 2012 – various cities. London
http://socialmediaweek.org/london/
London and New York BeMyApp Mobile Apps Olympics 24th-26th Feb 2012 - a
three-day mobile app development competition
http://techmeetups.com/ai1ec_event/bemyapp-weekend-hackathon/?instance_id=30
Social Media Forum 27-28th March http://www.socialmedia-forum.com/europe/
Digital London 13-14th March 2012 www.digitallon.com
London Web Summit 19th March The brewery London www.websummit.net/london/
London Startup Weekend 23-25th March - an intense 54 hour event which focuses
on building a web or mobile application http://london.startupweekend.org/
Internet World 24-26th April 2012 http://www.internetworld.co.uk/
Digital Shoreditch 21st May – 2nd June 2012 http://digitalshoreditch.com/
Open Mobile Summit 29-30th May London
LeWeb London 19-20th June London
Key Networking Groups
TechMeetups http://techmeetups.com
Minibar www.meetup.com/minibar
Silicon roundabout meet-up www.meetup.com/SiliconRoundabout
Silicon roundabout social club http://www.meetup.com/SiliconRoundaboutSocialClub
Drinktank - "free, high quality meet-up for members of the tech community in London"
http://www.meetup.com/drinktank
Silicon drinkabout http://www.facebook.com/SiliconDrinkabout
Digital sizzle – Tech City creative meet-ups http://www.thedigitalsizzle.com
Hoxton Mix mixer www.meetup.com/The-Hoxton-Mix/events
Tech Hub http://www.techhub.com
Flagons Den (Innovation Warehouse) http://london.flagonsden.com
Mashup (Innovation Warehouse) http://www.mashupevent.com/events
TechStartHub - provides networking & training http://www.techstarthub.com/calendar
Key Networking Groups (cont)
Shoreditch Business Networking - more general business networking http://www.syob.co.uk/business-networking/Shoreditch
Angels in the City www.cityoflondon.gov.uk/angelsinthecity
City Meets Tech http://citymeetstech.com
Hacker News www.meetup.com/HNLondon
Open Coffee Club http://www.meetup.com/londonocc
London Start-up weekend http://www.meetup.com/LondonStartupWeekend
Tuttle Club – “Co-creating a Social Media Café for London” http://tuttleclub.wordpress.com
Internet of Things (IoT) meet-up, London http://www.meetup.com/iotlondon
Good for nothing – “creative collaboration” http://goodfornoth.ning.com/events
Open Soho – creative networking http://www.opensoho.com
Product tank – product management for digital & tech start-ups http://www.producttank.com
The Up Group - an elite, pre-screened talent network of high-flyers, both companies and individuals
www.theupgroup.co.uk
Skills Matter – community of software engineers http://skillsmatter.com/
