The London Silicon Roundabout

Also known as Tech City it was intended to be a sort of Silicon Valley for Europe

30 de julio del 2018

Silicon Roundabout is an important technology cluster in the United Kingdom (UK). Located in a small area that encompasses Shorteditch, Hoxton and Old Street. Also known as Tech City it was intended to be a sort of Silicon Valley for Europe.

It was developed as a response to the plans of the Prime Minister David Cameron of accelerating growth. It was announced in a speech given by Cameron on November 4th 2010, when he declared his interest in promoting Eric van der Kleij as a leader for his initiative.

Tech City is the only cluster with full governmental recognition and support, here we can find important firms like Amazon, Cisco, Last.fm, Facebook, Aurora Fashions, Intel, among others. For Xipe this ecosystem aroused great interest, since we consider it the ideal space to make strategic allies.

It’s not a secret that it is far from being like Silicon Valley, however the figures show its success, because there was a boom of startups and $5.4 billion in capital was invested in 2017 according to Atomico’s State of European Tech report. But even with that promising trend, unfortunately for those who believed in this cause the market value of the entire European tech sector amounts to just 7% of that of the U.S. comparatively.

Indeed, it has been a significant progress for the economic growth of the technology industry and startups in Europe, and also significant events are taking place here, such as Women of Silicon Roundabout in June 2018. But still it is a tiny market compared with U. S. and Asia where companies can scale up easily.