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    Startup Ecosystem in The UK: Bitspiration Festival June 2015 Guy Levin

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    Sheila English
    The document discusses the thriving startup ecosystem in the UK. It attributes the success to factors like talent from world-class universities, density with over 380,000 tech workers in London and 21 regional clusters, a supportive culture where entrepreneurship is celebrated, increasing capital from sources like VC funding and crowdfunding, and a regulatory environment where the government is highly engaged with the tech sector. However, it also notes ongoing challenges around helping startups scale, improving diversity, and potential policy issues around immigration and the EU.

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    Startup Ecosystem in The UK: Bitspiration Festival June 2015 Guy Levin

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    Sheila English
    12 views18 pages
    The document discusses the thriving startup ecosystem in the UK. It attributes the success to factors like talent from world-class universities, density with over 380,000 tech workers in London and 21 regional clusters, a supportive culture where entrepreneurship is celebrated, increasing capital from sources like VC funding and crowdfunding, and a regulatory environment where the government is highly engaged with the tech sector. However, it also notes ongoing challenges around helping startups scale, improving diversity, and potential policy issues around immigration and the EU.

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    The document discusses the thriving startup ecosystem in the UK. It attributes the success to factors like talent from world-class universities, density with over 380,000 tech workers in London and 21 regional clusters, a supportive culture where entrepreneurship is celebrated, increasing capital from sources like VC funding and crowdfunding, and a regulatory environment where the government is highly engaged with the tech sector. However, it also notes ongoing challenges around helping startups scale, improving diversity, and potential policy issues around immigration and the EU.

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    © All Rights Reserved
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    12 views18 pages

    Startup Ecosystem in The UK: Bitspiration Festival June 2015 Guy Levin

    Uploaded by

    Sheila English
    The document discusses the thriving startup ecosystem in the UK. It attributes the success to factors like talent from world-class universities, density with over 380,000 tech workers in London and 21 regional clusters, a supportive culture where entrepreneurship is celebrated, increasing capital from sources like VC funding and crowdfunding, and a regulatory environment where the government is highly engaged with the tech sector. However, it also notes ongoing challenges around helping startups scale, improving diversity, and potential policy issues around immigration and the EU.

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    Startup Ecosystem in the UK

    Bitspiration Festival
    June 2015
    Guy Levin

    @guy_levin

    Me

    Former policy wonk in UK


    government: advisor to George
    Osborne, Conservative Party, DCMS
    and DFID

    Now tech policy - relaunched and


    run Coadec.

    Also write for The Memo and Tech


    City News.

    @guy_levin

    Coadec

    Set up by tech entrepreneurs in


    2010 to be the policy voice of
    digital startups

    Last year published The Startup


    Manifesto, backed by over 200
    founders and VCs

    @coadec www.coadec.com

    THE
    STARTUP
    MANIFESTO
    How the next government should
    support digital startups in the UK

    www.coadec.com/
    the-startup-manifesto

    Guy Levin September 2014

    #StartupManifesto

    UKs startup scene is thriving


    17 UK unicorns created since
    2000 according to GP
    Bullhound

    Household names

    Why?
    Many ways to cut it, but I like UP Globals 5 elements:
    1. Talent
    2. Density
    3. Culture
    4. Capital
    5. Regulatory Environment

    Politics matters across all of these

    Politics matters
    We want nothing less than to make the UK the
    technology centre of Europe
    George Osborne MP, Chancellor of the Exchequer
    Speech at launch of Google Campus London, March 2012

    I want this to be the startup nation in Europe and one


    of the great startup nations of the world
    David Cameron MP, Prime Minister
    Campaign speech, May 2015

    Talent

    World-class universities

    Increasing number of training


    programmes

    Coding on the school curriculum

    Density

    382,000 workers in Londons tech


    sector (in 2014)

    (At least) 21 clusters around the UK

    Its not just London


    74% of digital companies based outside of London
    and 21 Clusters identified by TechCityUK in their
    recent Tech Nation report

    Culture

    Role models and entrepreneurship


    celebrated

    Meetups, drinks, conferences

    Political leadership - trade missions,


    speeches, pitching competitions

    Capital
    Equity crowdfunding

    VC investment on the rise ($781m in


    Q1 2015)

    More US investors (eg Google


    Ventures, a16z)

    Crowdfunding taking off

    Generous tax reliefs for angel


    investors (SEIS, EIS)

    Source: Cambridge Centre for Alternative Finance

    Funding on the rise

    Regulatory environment

    Significant engagement right from


    the top of government

    Examples:

    Tech City breakfasts in Downing


    Street

    Review into the sharing economy

    Financial regulator (FCA) set up


    an Innovation Hub

    Challenges

    Scale-ups

    Diversity

    Policy (immigration, EU)

    Thanks!

    @guy_levin @coadec
    guy.levin@coadec.com

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