Over the next decade, the London digital technology sector is expected to grow at a rate of 5.1 percent per year. This will create an additional £12 billion of economic activity and 46,000 new jobs in the UK capital.
And the tech sector in London, South East and East England – including Oxford and Cambridge – is growing faster than California.
The award-winning alternative London, UK creative tech trade mission is back. Hackney House Austin 2014 opens on Friday 7 March and runs all weekend through to Monday 10 March.
We are based at 721 Congress Avenue, corner of 8th Street, Austin, TX 78701.
via Hackney House
iCITY is a new digital quarter for London that will support the growth of the local digital and creative industries. Situated on the Queen Elizabeth Olympic Park and in the heart of East London, iCITY will be a world-leading centre of innovation, education and enterprise.
Enhancing the UK’s position in the digital and creative sectors, iCITY will deliver a lasting economic and social legacy from the 2012 London Olympics.
via iCITY London
Innovative tech products developed by entrepreneurs will be brought to a wide UK audience through BT’s expertise and promotional might. BT is working with TechHub to give the tech startup community a massive boost.
The first opportunity invites innovators to present product prototypes that take advantage of superfast broadband, but each programme will have a different tech focus.
iCITY is comprised of three main buildings, containing over a million square feet of space to design and develop. The three buildings are the 300,000 sq ft former Press Centre; the 850,000 sq ft former Broadcast Centre, and a 750 seat auditorium.
The global digital economy is expanding and increasing in value. The digital economy is even more important in the UK. The digital share of Britain’s GDP is the biggest digital share of national GDP of the G20 countries, and it’s forecast to increase by a third in 2016.
via iCITY London
New York City Mayor Michael Bloomberg says he spends more time eyeing London than he does Silicon Valley — in the battle to be the champion city for the tech industry.
“Our competition is only going to be in other cities that have similar kinds of characteristics. And the city that comes to mind is London,” he said.
To spawn the next Facebook or Twitter, first launch a start-up contest. Promise the winner a sizeable equity investment, say £1 million plus, and let firms from all over the world compete. Among the entries there will surely be a hit.
Yet Britain still makes it hard for start-ups to grow. “We have 100 vacancies, but we’ll be fortunate if we can fill half with hires in the UK,” says Errol Damelin, the boss of Wonga.
via The Economist