Transcript of "London Tech City Presentation January 2012"
LONDON: WORLD CAPITAL OF BUSINESS PRU ASHBY, SENIOR BUSINESS DEVELOPMENT MANAGER LONDON & PARTNERS
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
THE EXPERTS ON DOING BUSINESS IN LONDON HOW WE CAN HELP YOU SET UP BUSINESS FIND THE PROPERTY FIND THE BUSINESS FIND THE EXPAND YOUR YOUR &PROPERTY LOCATION CASE RIGHT PEOPLE NETWORK LONDON & LOCATION - Sector Intelligence - Specialist Recruitment - Office Specialists - Professional Service - Culture & Social Life - Legal Requirements - Funding & Training - Market, Clients & -- Events - Visas & Work Permits - Corporate/Tax Structure - Salary Benchmarking Transport -- Government Contacts - Schools & Colleges - Cost-effective Set-up - Employment Practice - Labour Pool -- Policy-makers - Demographic Mapping
LONDON NUMBER ONE FOR BUSINESSLondon is heralded as the number one city for establishing a successful businessoperation by Cushman & Wakefield’s European Cities Monitor 2011. Source: Cushman & Wakefield, European Cities Monitor 2011
LONDON NUMBER ONE FOR BUSINESSLondon is ranked number one for the highest number of top 500 global companies with headquarters located in the city. Number of FT Global 500 companies Total number of top 500 global companies ranked by market value headquartered in the location 40 35 30 25 20 15 10 5 0 Source: FT.com from the Financial Times Ltd
LONDON IS OPEN FOR BUSINESS London is one of the most cost-effective cities in Europe to establish a business Cost of establishing a business 20 Lower set up cost compared to other European cities 15 10 5 0 Milan Madrid Amsterdam Dusseldorf Frankfurt Brussels Geneva Paris London DublinSource: World Bank Doing Business Guide 2010,fDi Intelligence, from the Financial Times Ltd.
WHY LONDON FOR TECH COMPANIESCLUSTER: 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 yearsEXPERTISE: 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 UNIVERSITIES OFFERING IT BASED COURSES London Metropolitan University Birkberk College Imperial College London London Southbank University Kings College London London School of Economics University College London
“Our ambition is to bring together the creativity and energy of Shoreditch and the incredible possibilities of theOlympic park to help make eastLondon 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 • 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 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 9 minutes from Old Street Station (for Eurostar) Central London 10 minutes from Liverpool Street (Oxford Circus) Source: Transport for London
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
INCUBATORSStartups need low cost office space – indeed that’s why they originally moved intoplaces like Shoreditch. TechHub, The Trampery, Accelerator, Hoxton Mix and InnovationWarehouse all offer low cost desks (between £200-300 per month), plus support,events, access to finance and the networking community. Companies like moo.com alsooffer 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 incrediblebuzz and a real concentration oftalent. 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 Streets Silicon Roundabout, where he has seen "a lot of energy and a lot of people doing interesting things". Londons "geographical proximity" and vast cultural offerings beat the "sprawling and empty" Silicon Valley.Source: thenextweb.com June 2011
The City Olympic Tech City ParkCanary Wharf The 02 Siemens Pavilion London City Airport
“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
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 shortlistediCITY 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/
THANK YOUPlease contact me with any questions on email@example.com
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