The document summarizes key findings from Tech Nation's 2018 report on the digital technology sector in the UK and Scotland. It finds that digital tech turnover and jobs increased significantly between 2016-2017 in the UK. London is a top global tech startup ecosystem, while regional hubs like Edinburgh and Cambridge are also growing rapidly. However, diversity remains a challenge as only 19% of the digital tech workforce is female. The document concludes by highlighting the growth of Scotland's £3.9 billion digital tech sector, with cities like Glasgow emerging as important meetup hubs for collaboration and innovation.
London Tech Week 2020 Tech Nation DealroomTech Nation
Figures compiled by Tech Nation and Dealroom for the Digital Economy Council show that investors continue to back some of the UK’s most promising tech teams, despite the challenges posed by Covid-19.
As members of the UK tech sector meet virtually during #LTWConnects events, figures show UK digital tech companies are continuing to attract investment, are still advertising vacancies and are optimistic that they can navigate the crisis. On measures including investment raised by companies and capital raised by investors - which will help sustain the sector for the long term - the UK outperforms all of its European neighbours.
Prosumer Law and Networked Platform Regulation: The Long View
Platform regulation has become the cause of technology regulation: a call to regulate the intermediaries who provide platforms for networked digital services. These include the GAFA giants: Google, Amazon, Facebook and Apple. Many policy entrepreneurs are peddling solutions as the policy cycle turns, in a classic Kingdon case of ‘solutions chasing a problem’. Yet networks are not new, and their platforms have been regulated for hundreds of years. In this paper, I take the long view, focussing on common carriage neutrality and the railways/telegraphy regulation of the 1840s in England. I offer some historical examples that may be highly relevant to ‘prosumer’ digital capitalism 180 years later.
Any Internet user who has posted content, from Facebook to Twitter to blog posts to podcasts, has become a prosumer – though there are very broad categories, ranging from the occasional tweeter to the fully developed hacker. Over two billion people now use Google to search for content, Facebook, Instagram and WhatsApp to share news, gossip and photos, YouTube to watch and upload videos, and Twitter/Snap and other sites to say just about anything. We are all becoming ‘prosumers’ sharing intimate details of our personal lives. But this ‘prosumer environment’ is currently either grossly unregulated, leaving users' data and content at the mercy of the multinationals who host it and sometimes claim to own it, or subject to knee-jerk over-regulation as with the current ‘fake news’ controversy in Germany. It is a new regulatory policy cycle in network regulation.
Regulatory responses are finally emerging, driven by both data protection and competition concerns, yet the over-arching need to ensure greater neutrality of intermediaries has largely been limited to last mile monopolists and mobile oligopolists: the legacy telecommunications companies who provide Internet access. What is needed is a comprehensive Prosumer Law solution that draws on fundamental human rights to privacy and free expression, competition, and technology regulation to ensure a fair and neutral deal for prosumers and citizens.
Startup Cities: Belfast - Me Convention 2018Chinwag
Tom Gray, CTO at Kainos presented Belfast as part of the Startup Cities programme at the Me Convention 2018 in Stockholm featuring 20 cities, hosted by Sam Michel.
More at: https://toodlepip.co.uk/2018/20-startup-cities/
London Tech Week 2020 Tech Nation DealroomTech Nation
Figures compiled by Tech Nation and Dealroom for the Digital Economy Council show that investors continue to back some of the UK’s most promising tech teams, despite the challenges posed by Covid-19.
As members of the UK tech sector meet virtually during #LTWConnects events, figures show UK digital tech companies are continuing to attract investment, are still advertising vacancies and are optimistic that they can navigate the crisis. On measures including investment raised by companies and capital raised by investors - which will help sustain the sector for the long term - the UK outperforms all of its European neighbours.
Prosumer Law and Networked Platform Regulation: The Long View
Platform regulation has become the cause of technology regulation: a call to regulate the intermediaries who provide platforms for networked digital services. These include the GAFA giants: Google, Amazon, Facebook and Apple. Many policy entrepreneurs are peddling solutions as the policy cycle turns, in a classic Kingdon case of ‘solutions chasing a problem’. Yet networks are not new, and their platforms have been regulated for hundreds of years. In this paper, I take the long view, focussing on common carriage neutrality and the railways/telegraphy regulation of the 1840s in England. I offer some historical examples that may be highly relevant to ‘prosumer’ digital capitalism 180 years later.
Any Internet user who has posted content, from Facebook to Twitter to blog posts to podcasts, has become a prosumer – though there are very broad categories, ranging from the occasional tweeter to the fully developed hacker. Over two billion people now use Google to search for content, Facebook, Instagram and WhatsApp to share news, gossip and photos, YouTube to watch and upload videos, and Twitter/Snap and other sites to say just about anything. We are all becoming ‘prosumers’ sharing intimate details of our personal lives. But this ‘prosumer environment’ is currently either grossly unregulated, leaving users' data and content at the mercy of the multinationals who host it and sometimes claim to own it, or subject to knee-jerk over-regulation as with the current ‘fake news’ controversy in Germany. It is a new regulatory policy cycle in network regulation.
Regulatory responses are finally emerging, driven by both data protection and competition concerns, yet the over-arching need to ensure greater neutrality of intermediaries has largely been limited to last mile monopolists and mobile oligopolists: the legacy telecommunications companies who provide Internet access. What is needed is a comprehensive Prosumer Law solution that draws on fundamental human rights to privacy and free expression, competition, and technology regulation to ensure a fair and neutral deal for prosumers and citizens.
Startup Cities: Belfast - Me Convention 2018Chinwag
Tom Gray, CTO at Kainos presented Belfast as part of the Startup Cities programme at the Me Convention 2018 in Stockholm featuring 20 cities, hosted by Sam Michel.
More at: https://toodlepip.co.uk/2018/20-startup-cities/
As London Tech Week begins, new figures prepared by Dealroom and Tech Nation for the Government’s Digital Economy Council illustrate the extent to which the UK is outpacing other European countries such as Germany and France.
We would like to share a report where we show the state of the tech ecosystem in Europe as of end of Q3 2018.
As described, the European tech ecosystem has continued scaling, consolidating the funding level observed in 2017.
Maurizio Pilu - Perspectives on the Digital Economy - RCUK grand challenges -...Maurizio Pilu
Maurizio Pilu's presentation at the RC UK Grand Challege Event in Leicester, April 12 2011.
http://www.dmu.ac.uk/research/grand-challenges/rcuk/rcuk-event.jsp
A slice of trends and patterns of UK Tech, based on the Tech Nation Report 2021, including jobs, investment, sub-sector development, and growth opportunities.
Startups & Venture Capital in the United Kingdom: The Global Startup HubFrontline Ventures
A lot is riding on the UK remaining the premier destination for European startups. In light of Brexit, and tremendous growth in other European markets- will London remain the city of choice for European entrepreneurs?
In our third edition of “Startups & Venture Capital in…” (following Germany in collaboration with Point Nine Capital and the Nordics in collaboration with Northzone), Frontline takes deep dive into its own backyard — the United Kingdom.
We believe it is the most comprehensive report ever created on startups and venture capital in the UK.
Shoreditch, East LondonWhat we have learned:
The UK is unique for its late stage capital compared to other major European technology hubs. London counts 8 funds with £1b+ in funds raised — versus 2 in Germany and 1 in the Nordics.
London has more than 2x the engineering talent of Paris or 4x that of Berlin. London even beats New York in terms of absolute number of developers.
The United Kingdom is unmatched in terms of £100m+ exits in quantity and diversity among sectors. There are £1b+ tech companies in eCommerce, fintech, gaming, travel, proptech, telecom, and enterprise software.
Will Europe tops UK post-Brexit?
With a high concentration of talent, capital and leadership, the UK will remain a significant tech hub for the next decade.
However, Brexit is likely to slow the pace of immigration; this is a significant issue in a country where 75% of new businesses are set up by immigrants.
With venture activity in Berlin, Paris, and other European hubs growing much faster than London, will the UK cede its position as Europe’s leading tech hub?
Read through our “Startups & Venture Capital in the United Kingdom” deck and find out for yourself.
Please ❤ if you’ve enjoyed the post and you can sign up for our newsletter here!
A presentation on FinTech investment globally including Europe and the UK as well as lots of case studies of startups doing interesting things in FinTech from open banking to digital payments and from buy now, pay later to APIs
As London Tech Week begins, new figures prepared by Dealroom and Tech Nation for the Government’s Digital Economy Council illustrate the extent to which the UK is outpacing other European countries such as Germany and France.
We would like to share a report where we show the state of the tech ecosystem in Europe as of end of Q3 2018.
As described, the European tech ecosystem has continued scaling, consolidating the funding level observed in 2017.
Maurizio Pilu - Perspectives on the Digital Economy - RCUK grand challenges -...Maurizio Pilu
Maurizio Pilu's presentation at the RC UK Grand Challege Event in Leicester, April 12 2011.
http://www.dmu.ac.uk/research/grand-challenges/rcuk/rcuk-event.jsp
A slice of trends and patterns of UK Tech, based on the Tech Nation Report 2021, including jobs, investment, sub-sector development, and growth opportunities.
Startups & Venture Capital in the United Kingdom: The Global Startup HubFrontline Ventures
A lot is riding on the UK remaining the premier destination for European startups. In light of Brexit, and tremendous growth in other European markets- will London remain the city of choice for European entrepreneurs?
In our third edition of “Startups & Venture Capital in…” (following Germany in collaboration with Point Nine Capital and the Nordics in collaboration with Northzone), Frontline takes deep dive into its own backyard — the United Kingdom.
We believe it is the most comprehensive report ever created on startups and venture capital in the UK.
Shoreditch, East LondonWhat we have learned:
The UK is unique for its late stage capital compared to other major European technology hubs. London counts 8 funds with £1b+ in funds raised — versus 2 in Germany and 1 in the Nordics.
London has more than 2x the engineering talent of Paris or 4x that of Berlin. London even beats New York in terms of absolute number of developers.
The United Kingdom is unmatched in terms of £100m+ exits in quantity and diversity among sectors. There are £1b+ tech companies in eCommerce, fintech, gaming, travel, proptech, telecom, and enterprise software.
Will Europe tops UK post-Brexit?
With a high concentration of talent, capital and leadership, the UK will remain a significant tech hub for the next decade.
However, Brexit is likely to slow the pace of immigration; this is a significant issue in a country where 75% of new businesses are set up by immigrants.
With venture activity in Berlin, Paris, and other European hubs growing much faster than London, will the UK cede its position as Europe’s leading tech hub?
Read through our “Startups & Venture Capital in the United Kingdom” deck and find out for yourself.
Please ❤ if you’ve enjoyed the post and you can sign up for our newsletter here!
A presentation on FinTech investment globally including Europe and the UK as well as lots of case studies of startups doing interesting things in FinTech from open banking to digital payments and from buy now, pay later to APIs
UK British Business Angels Association Keynotegerardgrech
A presentation on how digital clusters all over the UK are shaping a Tech Nation. Plus case studies of how UK-based tech companies are creatively raising money at the early stage of their development.
1. Digital Scotland 2018 Keynote
21st June 2018
Gerard Grech
Chief Executive
Tech Nation
@gerardgrech
@technation
2. Who is Tech Nation?
www.technation.io
We empower ambitious tech entrepreneurs to grow faster
through growth programmes, digital entrepreneurship
skills, a visa scheme for digital expertise, and by
championing the UK’s tech sector through data, stories
and media campaigns
So far, we have worked with over 350 companies, who have
collectively raise $7Bn in 50 months, at all growth stages
3. Innovation globally is evolving
Startups & entrepreneurial talent is becoming the heart of innovation
5. Key Drivers of a Tech Ecosystem
● Many other smaller
factors are also
important, but these
provide the framework
6. Each year, we publish the most comprehensive research
on UK Tech, using the latest data from several partners &
3400+ survey responses. All the data is open at data.world.
Plus we published a new report with Dealroom last week.
Find out more at: TechNation.io
7. Digital tech turnover
increased from £170
billion in 2016 to £184
billion in 2017
The UK’s digital tech sector grew 2.6 times faster than
the rest of the economy in 2017
Digital tech jobs
increased from 1.64
million in 2016 to 1.87
million in 2017.
Every 50 minutes a
digital tech business is
created in the UK
8. In 2017, UK venture capital investment exceeded Germany,
France and Sweden combined (and even the Rest of
Europe)
9. While London is the financial epicenter, businesses are
scaling across the United Kingdom
Venture capital investment in $B (2013-2018 April)
Edinburgh
Skyscanner $175M ($1.7B+ exit to
Booking.com)
Fanduel $415M
Durham
Atom Bank
$400M
Amounts raised
per company
Bristol
Icera $200M
Graphcore
$110M
Rudheath /
Manchester
The Hut Group
$300M Cambridge
Darktrace $180M
Kymab $125M
PatientsLikeMe $110M
Cambridge Medical
Robotics $50M
FeatureSpace $40M
Ellen
Brewdog
$160M
Oxton
Biovex
$140M
Oxford
Oxford Nanopore
$450M
Gigaclear $175M
Immunocore $360M
Reaction Engines
$145M
Adaptimmune $105M
10. Performance of the top 12
global tech startup
ecosystems
Source: Startup Genome, 2017
Globally, as the race for tech talent continues, London ranks
3rd in latest tech startup ecosystem rankings
11. UK accounts for 13 of Europe’s 34 tech unicorns, or 38%…
UK:
13
unicorns
6
2
3
1
2
2
Israel:
8 unicorns (1)
1
1
1
1
12. 13
unicorns
6
2
8
3
2
1
2
… with a combined value of about $23 billion, which is
about 37% of total European value of $62 billion
Source: Dealroom.co 12
Total value of European unicorns per country
13. Since 2010, the United Kingdom has delivered as many
unicorns as Israel, Germany and Sweden combined
14. The United Kingdom is Europe’s second biggest source of
capital, after the United States and just before Asia
Venture capital invested in Europe by investor HQ location (2017)
Source: Dealroom.co
UK
22%
Asia
13%
USA
26%
RoW
5%
EU
34%
15. Many UK tech unicorns are driven through algorithmic
control, attracting specialist high paying jobs
Unicorn Benevolent
AI
Telegram
Employment >500 >1000 10-24 100-249 250-499 100-249 -
Unicorn
Employment 100-249 500-999 100-249 500-999 250-499 250-499 500-999
16. Jobs in digital tech are on the rise
From 2014 to 2017
digital tech sector
employment rose
13.2%. Its workers are
more productive, on
average, by £10,000 per
worker. Jobs requiring
digital tech skills
command higher
salaries, at £42,578
compared to £32,477
for those that do not. Average annual salary of jobs Source: Adzuna, 2018
THE MORE DIGITALLY SKILLED A UK JOB IS, THE HIGHER ITS AVERAGE ANNUAL SALARY
17. Top 400 UK meetups* highlight emerging trends
AI and Blockchain
are quickly taking
centre stage
Top 400 tech meetup
groups by *membership
in the UK 2018
Source: Tech Nation, 2018;
Meetup.com, 2018
Open Source
& AI
Software Dev
& Blockchain
18. Programming languages associated with web development
are prevalent
The top three are JavaScript, Python and PHP
Top programming languages used on
Github, by number of users
Source: Tech Nation, 2018; Github, 2018
19. UK tech communities value quality of life and sense of
place
Challenges of local tech
ecosystems
Source: Tech Nation and
Streetbees, 2018
1. Appealing area
2. A helpful tech
community
3. Proximity to a
university
20. Diversity remains a key challenge for digital tech
Only 19% of the digital tech
workforce is female. Despite
the stereotype that digital
tech jobs are for millennials,
72% of workers are aged over
35.
Gender diversity of people
working in digital tech jobs, 2017
Source: Tech Nation, 2018;
ONS, Annual Population Survey,
Wave 3 2017
WOMEN IN TECH ARE OUTNUMBERED 4:1
21. The tech sector in
Scotland is worth
£3.9bn to the Scottish
economy
Scottish tech sector growing quickly, on the back of
world leading talent
Edinburgh, Dundee and
Glasgow all see sharp
increase in business
births
Digital tech turnover
per employee hitting
£80,000
22. Glasgow is a Top 10 meetup hub, with 12K members
Glasgow is one of the UK’s top locations for informal tech meetups, with over
12,000 members. This collaboration is important for fostering innovation.
£104k
Digital tech turnover
per employee
Compared to £99k
UK average
Challenges for tech
in Glasgow
1. Access to funding
2. Retaining talent
3. Access to
workspace
£1.05Bn
Digital Turnover
33,653
Digital Tech jobs
10,063
Jobs in digital Tech
23. Thank you. Explore more at:
technation.io/report2018
@technation
@gerardgrech