As entrepreneurs and investors arrive in the capital for London Tech Week, there’s never been a better time to recognise the achievements of the UK’s tech industry.
When I meet some of the entrepreneurs at this week’s events I will be talking to people who have risked everything to create something new, often helping to resolve fundamental problems.
It takes daring, intelligence, supreme organisational skills and persistence to launch a tech startup. But the growing success story in the UK is our scaling up of businesses. Increasingly, the UK’s ambitious entrepreneurs are turning their ideas into global businesses. Once our best minds went to Silicon Valley to make it big in tech, now there’s no need.
Last week Tech Nation and Dealroom launched a new Data Commons for UK Tech, an innovative national database designed to freely share the type of information investors and entrepreneurs need to facilitate growth.
Figures out today from the two organisations for the Government’s Digital Economy Council will reveal the UK has created 13 new unicorns - the name given to fast growing companies worth at least a $1bn - since last year’s Tech Week. Only the US and China, with their vastly different markets and resources, have produced more.